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    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
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    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
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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.
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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.
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
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    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.

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      Customs, DGFT & SEZ

      SEZs in Karnataka

      July 10, 2019

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      Total 62 proposals for setting up of Special Economic Zones (SEZs)in Karnataka have been accorded formal approval under the SEZ Act, 2005.  Presently, 51 SEZs are notified, out of which 31 SEZs are operational.

      No such proposal has been received to declare areas surrounding in Chikkodi in Karnataka as a Special Economic Zone.  Setting up of SEZs is primarily private investment driven initiative.

      The details of SEZs in Karnataka aregiven below:

      List of SEZs in Karnataka

      Sl. No.

      Name of the developer

      Location

      Type of SEZ

      SEZ status

      1

      DivyasreeTechnopark

      Kundalahalli Village, KrishnarajapuramHobli, Bangalore East Taluk, District Bangalore, Karnataka

      IT/ITES enabled services

      Notified/

      Operational

      2

      Manyata Embassy Business Park

      Rachenhalli&Nagavara Village, Bangalore District, Karnataka

      IT/ITES

      Notified/

      Operational

      3

      WIPRO Limited

      Doddakannelli Village, VarthurHobli, Sarjapur Road, Bangalore, Karnataka

      IT

      Notified/

      Operational

      4

      WIPRO Limited

      Doddathogur Village, BegurHobli, Electronic City, Bangalore, Karnataka

      IT

      Notified/

      Operational

      5

      Vikas Telecom Private Limited

      Outer Ring Road, Devarabeesanhalli Village, VarthurHoblic, Bangalore East Taluk, Karnataka

      IT/ITES

      Notified/

      Operational

      6

      RMZ Ecoworld Infrastructure Pvt. Ltd.

      Devarabeesanahalli, Bhoganahalli and Doddakanahalli, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      7

      Cessna Business Park Pvt. Ltd.

      KadubeesanahalliVill, VarthurHobli, District Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      8

      Tanglin Development Ltd.

      Global Village Pattengere/ Mylasandra Villages, Off Mysore Road, RVCE Post, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      9

      Infosys Technologies Limited

      Hebbal Industrial area, District Mysore, Karnataka

      IT/ITES

      Notified/

      Operational

      10

      Information Technology Park Limited

      Sadaramangala and PattandurAgrahara Village, Whitefield Road, District Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      11

      Karnataka Industrial Area Development Board (KIADB)

      Village Perumenahally, Kokkanagatta, SumudraVally, Hamumanthapura, Taluk Hassan, Karnataka

      Textile

      Notified/

      Operational

      12

      Infosys Technologies Limited

      Hebbal Industrial area, District Mysore, Karnataka

      IT/ITES

      Notified/

      Operational

      13

      HCL Technologies Ltd.

      Jigani Industrial Area, Attibele Taluka, Bangalore, Karnataka

      IT/ ITES

      Notified/

      Operational

      14

      Pritech Park

      Bellandur Village, VarthurHobli, Bangalore East Taluk,  Bangalore Urban District, Karnataka

      IT/ITES

      Notified/

      Operational

      15

      Karnataka Industrial Area Development Board (KIADB)

      District Hassan, Karnataka

      Pharmaceuticals

      Notified/

      Operational

      16

      Aspen Infra Padubidri Private Limited (AIPPL)

      Nadasalu, Nandikooru, Polimaru and Hejamadi Villages in Udupi Taluk, Karnataka

      Engineering

      Notified/

      Operational

      17

      Karle Infra Pvt. Ltd.

      Nagavara Village, North Bangalore Taluka, Karnataka

      IT/ITES

      Notified/

      Operational

      18

      Mangalore SEZ Limited

      Baikampady Near Mangalore, Dakshina Kannada District, Karnataka

      Multi Product

      Notified/

      Operational

      19

      Bagmane Construction Pvt. Ltd

      Mahadevapura, K R Puram, Bangalore North, Karnataka

      IT/ITES

      Notified/

      Operational

      20

      Quest SEZ Development Private Limited

      Hattargi and Mastiholi villages, Hukkeri Taluk, Belgaum District, Karnataka

      Precision Engineering Product

      Notified/

      Operational

      21

      Gopalan Enterprises (India) Private Limited.

      Village Mahadevpura and Kaggadaspura, K.R. Puram, Whitefield, Bangalore, Karnataka.

      IT/ITES

      Notified/

      Operational

      22

      Milestone Buildcon Private Limited

      Village Chokkanahalli, Taluka YelahankaHobli Bangalore North, Karnataka

      IT/ITES

      Notified/

      Operational

      23

      Karnataka State Electronics Development Corporation Limited (KEONICS)

      Village Machenahalli and Nidige, District Shimoga, Karnataka

      Electronics Hardware and Software/ ITES

      Notified/

      Operational

      24

      Larsen & Toubro Limited

      KIADB Industrial Area, Taluka Hebbel-Hootagally, District Mysore, Karnataka

      IT/ITES

      Notified/

      Operational

      25

      Wipro Limited

      Kodathi village, VarthurHobli, Sarjapur Road, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      26

      Karnataka Industrial Areas Development Board (KIADB)

      Village Bhatramaranahalli. Kavadadasanahalli, Dummanahalli, Talukas Bangalore North and Devanahali, District Bangalore, Karnataka

      Aerospace and Industry

      Notified/

      Operational

      27

      Infosys Limited

      Gokul Village, within the limits of Hobli, Hubli Taluk, District Dharward, Near Airport Hubli, Karnataka

      IT/ITES

      Notified/

      Operational

      28

      Amin Properties LLP

      Pujanahalli Village, Devanahalli Taluk, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      29

      Bagmane Developers Pvt. Ltd.

      Outer Ring Road, Doddanekundi Circle, Marathalli Post, Bengaluru, Karnataka

      IT/ITES

      Notified/

      Operational

      30

      RGA Infrastructure

      Sy. No. 31/1, Chikkankannelli Village, VarthurHobli, Bangalore East Taluk, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      31

      Biocon Limited.

      Anekal Taluk, Bangalore, Karnataka

      Bio-technology

      Notified/

      Operational

      32

      Karnataka Industrial Areas Development Board (KIADB)

      Villages Pajeer and Kairangala, District Mangalore Dakshina Kannada, Karnataka.

      IT/ITES

      Notified

      33

      Ittina Properties Pvt. Ltd.

      Bagur village, AnugondanahalliHobli, Hoskote Taluk, Bangalore Rural District, Karnataka

      Electronic Hardware and Software including IT/ITES

      Notified

      34

      Gopalan Enterprises (India) Private Limited.

      Hoodi Village, K.R. Puram, Whitefield, Bangalore, Karnataka.

      IT/IT enabled services

      Notified

      35

      Opto Infrastructure Limited

      Village kallahalli, Taluka Nanjungud, District Mysore, Karnataka

      Electronic Hardware and Software including IT/ITES

      Notified

      36

      Brigade Enterprises Pvt. Ltd.

      Ganjimutt, EPIP Industrial Area, Taluka Mangalore, Dakshin Kannada District, Karnataka

      IT/ITES

      Notified

      37

      Opto Infrastructure Limited

      Village DoddaBasavanahalli and Chikkabasavanahalli, Talukas ShanthigramaHobli and Hassan, District Hassan, Karnataka

      Electronic Hardware and Software including IT/ITES

      Notified

      38

      Renaissance Designbuild Private Limited

      Plot No. 47 of Koorgally Industrial Area, Village Koorgally, HobliIlawala, Taluka Mysore, Distt. Mysore, Karnataka

      IT/ITES

      Notified

      39

      Gulf Oil Corporation Limited

      Village  Kattigenahalli and Venkatala, HobliYelahanka, District Bangalore, Karnataka

      IT/ITES

      Notified

      40

      Brooke Bond Real Estates Private Limited

      Bangalore, Karnataka

      IT/ITES/BPO/EH

      Notified

      41

      Gopalan E-Park

      Village Koorgalli, Itwala, Hobli, Mysore Taluk, Mysore District, Karnataka

      Electronic
      Hardware and Software including ITES

      Notified

      42

      Infosys Technologies Limited

      Villages Borgunte, surjapur and billapur, Taluka Anekal, District Bangalore, Karnataka

      IT/ITES

      Notified

      43

      Karnataka Industrial Areas Development Board (KIADB)

      Gamanagatti, Hubli Taluk, Dharwad District, Karnataka

      IT/ITES

      Notified

      44

      Saltire Developers Private Limited

      Outer Ring Road, Rachanahalli Village, Nagavara, Bangalore, Karnataka

      IT/ITES

      Notified

      45

      Infosys Limited

      Electronic City, Doddathogur Village, BegurHobli, Bangalore, Karnataka

      IT/ITES

      Notified

      46

      Information Technology Park Limited

      Sadarmangala Village, Sadaramangala Industrial Area,Whitefield, Bengaluru, Karnataka

      IT/ITES

      Notified

      47

      Embassy Property Developments Private Limited

      Outer Ring Road, Rachenahalli Village, Bangalore, Karnataka

      IT/ITES

      Notified

      48

      Modern Asset

      Survey No. 2/1 & 2/2, Venkatala Village, YelahankaHobli, , Bangalore, Karnataka

      IT/ITES

      Notified

      49

      Modern Asset (Phase – II)

      Survey No. 2/2, Venkatala Village, YelahankaHobli, , Bangalore, Karnataka

      IT/ITES

      Notified

      50

      L&T Construction Equipment Limited (Reality Division) SEZ-I

      Byatarayanapura Village, YelahankaHobli, Bangalaru North, Bangalaru, Karnataka

      IT/ITES

      Notified

      51

      L&T Construction Equipment Limited (Reality Division) SEZ-II

      Byatarayanapura Village, YelahankaHobli, Bangalaru North, Bangalaru, Karnataka

      IT/ITES

      Notified

      52

      Golden Gate Developers Pvt. Ltd

      JalaHobli, Bangalore, Karnataka

      IT/ ITES

      Formal Approval

      53

      Concord Investments (Bangalore)

      Bangalore, Karnataka

      IT/ITES

      Formal Approval

      54

      Bagmane Developers Pvt. Ltd.

      Raman Nagar, KR Puram, Bangalore North, Karnataka

      IT/ITES

      Formal Approval

      55

      High Street Developers Private Limited

      Srirangapatna Taluk, Mandya District, Karnataka

      IT/ITES

      Formal Approval

      56

      Gopalan Enterprises India Pvt. Ltd.

      Kundalahalli and Nallurahalli villages K.R. Puram Hobli, Bangalore, Karnataka

      Biotech

      Formal Approval

      57

      Poornimadevi Tech Park Private Limited

      Sulikere village, KengariHobli, Bangalore South Taluk, Bangalore, Karnataka

      IT/ITES

      Formal Approval

      58

      Wipro Limited

      Belagola Industrial Area, Mogarhalli village, BelagolaHobli, Srirangapatna Taluk,
      Mandya District, Mysore, Karnataka

      IT/ITES

      Formal Approval

      59

      ISPRL FTWZ Padur (Indian Strategic Petroleum Reserves Ltd.)

      Padur, Karnataka

      FTWZ

      Formal Approval

      60

      Manipal ETA Infotech Limited

      Agara and Jakkasandra village, BegurHobli, Bengaluru, Karnataka

      Electronic Hardware and Software including IT/ITES

      Formal Approval

      61

      Jubilant Infrastructure Limited

      Kallahalli village, Nanjangud
      Taluk, Mysore District, Karnataka

      Biotech (Pharma)

      Formal Approval

      62

      Oracle India Private Limited

      Kadubeesanahalli Village, VarthurHobli, Outer Ring Road, Bangalore East Taluk, Bangalore, Karnataka

      IT/ITES

      Formal Approval

      This information was given by the Minister of Commerce and Industry, PiyushGoyal, in a written reply in the Lok Sabha today.

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