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    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
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
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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.
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
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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
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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.

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Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022.

January 10, 2022

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Centre to organize the FIRST EVER Startup India Innovation Week from 10th -16th of January 2022.

Event to bring together country's key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers etc under one platform to celebrate entrepreneurship and promote innovation

"Startup India Innovation Week"

designed to showcase the spread and depth of entrepreneurship across India.

The Department for Promotion of Industry and Internal Trade (DPIIT) is organizing the first-ever Startup India Innovation Week from 10th -16th of January 2022.  This virtual week-long innovation celebration aims to commemorate the 75th year of India’s independence ‘Azadi Ka Amrit Mahotsav’ and is designed to showcase the spread and depth of entrepreneurship across India.

Interestingly, in the startup world, 2021 has been recognised as the 'year of unicorns,' with 40+ unicorns added in the year.

 India is emerging as a global innovation hub, boasting the world's third-largest startup ecosystem. DPIIT has recognised more than 61,000 startups as on date. Our startups representing 55 industries, spread across 633 districts with at least one startup from every State and UT of the country have created over 6 lakh jobs since 2016. 45% of the startups are from Tier-2 and Tier-3 cities and 45% of them are represented by women entrepreneurs. Startups have the potential to accelerate India's integration into global value chains and create global impact.

This startup and innovation festival's primary goal is to bring together the country's key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, and other national/international stakeholders to celebrate entrepreneurship and promote innovation. Furthermore, to exchange knowledge on nurturing startup ecosystems; to develop entrepreneurial ecosystem capacities; to mobilise global and domestic capital for startup investments; to encourage and inspire the youth for innovation and entrepreneurship; to provide market access opportunities to startups; and to showcase high-quality, high-technology, and frugal innovations from India.

With participation of States/UTs and various departments of Government of India, the week-long programme will address key aspects of the startup ecosystem through interactive sessions, workshops, and presentations based on themes such as Academia & Mentorship Support to Startups, Incubation and Acceleration Support to Startups, Market Access through Corporates & Government to Startups, and Funding & International Avenues to Go Global. In addition, based on the identified themes, there will be various parallel activities such as Experience Booths, Pitching or Reverse Pitching Sessions, and Innovation Showcases.

The link to the registration for the event is https://www.startupindiainnovationweek.in

Highlights of the week-long celebration are:

  • Hon’ble Prime Minister’s interaction with startups
  •  Result Declaration of National Startup Awards 2021
  • Launch of Doordarshan Startup Champions 2.0 show
  • Roundtable with Global Investors and domestic funds
  • Launch of Open Network for Digital Commerce Digital Strategy
  • Participation by Ministry of Education, Niti Aayog, Office of PSA, DBT, DST, MeitY, Ministry of Defence and Ministry of Social Justice and Empowerment, among other departments, in various sessions.
  • Launch of ‘Fisheries Startup Grand Challenge’ by Department of Fisheries
  • Pitching sessions and corporate connect programs for startups from across the country.

Key Day wise highlights of the week long celebration are:

Day 1 (10th January)

The week-long event will be launched on Day 1, 10th January 2022 by Hon’ble Minister of Commerce & Industry, Shri Piyush Goyal in presence of Hon’ble Ministers of State for Commerce & Industry Shri Som Prakash and Smt. Anupriya Patel. Other eminent speakers during the inaugural session will include

  • Shri Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade
  • Shri Sanjeev Bikhchandani, Founder & Executive Vice Chairman, Info Edge India Ltd
  • Shri Abhiraj Singh Bhal, Co-Founder & CEO, Urban Company.

Day 1 will also host a Panel Discussion on “Transforming Businesses Through Co-Creation" with speakers like

  • Dr. Rajesh S. Gokhale, Secretary, Department of Biotechnology
  • Shri Ajay Kumar, Secretary, Department of Defence Production
  • Shri Kris Gopalakrishnan, Chairman, Axilor Ventures
  • Shri Aditya Natraj, CEO, Piramal Foundation
  • Shri Sanjeev Kapoor, Celebrity Chef, Entrepreneur & Television Personality
  • Smt. Shobana Kamineni, Executive Vice Chairperson, Apollo Hospitals.

Sessions by Ministry of Social Justice and Empowerment and Open Network for Digital Commerce will also be organised on Day 1.

Day 2 (11th January) 

Day 2 will be coordinated by All India Council for Technical Education (AICTE) and cover sessions on innovation, human values and sustainability and highlight innovation practices in higher education institutes. The Inaugural Ceremony of Day 2 will host addresses from esteemed stakeholders such as

  • Smt. Anita Karwal, Secretary, Department of School Education & Literacy
  • Shri K. Sanjay Murthy, Secretary, Department of Higher Education
  • Dr. Abhay Jere, Chief Innovation Officer, Innovation Cell, Ministry of Education, Government of India.

Keynote addresses will be shared by Shri Sridhar Vembu, Founder, ZOHO Corporation as well as Shri Gautam, Founder, FarEye Pvt. Ltd.

Several panel discussions will be undertaken on “Innovation, Human Values, and Sustainability” and “Best Innovation & Startup Practices in Higher Education Institutions”. Panel discussions will host eminent speakers such as

  • Shri Harshit Rathore, Co-Founder & CEO, Naccarc Robotics
  • Shri Vikash Mittersain, Founder & Managing Director, Nazara Technologies
  • Shri Shrikant Badve, Managing Director, Badve Industries
  • Prof. Abhay Karandikar, Director, IIT Kanpur
  • Prof. AB Pandit, Vice Chancellor, ICT Mumbai.

Moreover, moderators of the sessions will include key stakeholders in the innovation landscape such as Prof. Anil D Sahasrabudhe, Chairman, AICTE and Dr. K. Radhakrishnan, Ex-Chairman, ISRO.

Day 3 (12th January)

Day 3 of this week-long event will also be coordinated by All India Council for Technical Education (AICTE) and cover sessions on academia and mentorship support for the startups and student entrepreneurs.  This day will witness keynote address from eminent speakers such as

  • Prof. K VijayRaghavan, Principal Scientific Adviser, Government of India
  • Shri. Ankit Agarwal, Founder & CEO, Phool.co
  • Smt. Arundhati Bhattacharya, Chairperson & CEO, Salesforce.

Several panel discussions will also be conducted on Day 3 on interesting topics such as “Grey Hair Not Mandatory to Build Great Enterprises” and “Schools, Innovation, Games and Curriculum”. Day 3 will also mark the closing of the two-day AICTE programme with a concluding ceremony. The closing will be in presence of eminent dignitaries such as

  • Dr. Rajkumar Ranjan Singh, Hon’ble Minister of State for Education
  • Dr. Subhas Sarkar, Hon’ble Minister of State for Education
  • Smt. Annapurna Devi, Hon’ble Minister of State for Education
  • Prof. Rajive Kumar, Member Secretary, AICTE
  • Prof. M. P. Poonia, Vice Chairman, AICTE
  • Dr. Abhay Jere, CIO, MIC.

Day 4 (13th January)

A Global Venture Capital Roundtable will be held and Chaired by Hon’ble Minister of Commerce and Industry. Additionally, the day will cover sessions on Indian Incubator Landscape and Incubator capacity building, Startup Pitching and several workshops on “Funding Avenues, financing support by banks, Govt. market access”. This day will also mark the launch of Fisheries Startup Grand challenge. Key highlights also include experience sharing fireside chat by Shri Deep Kalra, Founder, MakeMyTrip. A knowledge sharing session on best practices by 5 states in market access, incubation, and funding, will also be conducted. Eminent speakers for the day include

  • Shri Parshottam Rupala, Hon’ble Minister of Fisheries, Animal Husbandry & Dairying
  • Dr. Chintan Vaishnav, Mission Director, Atal Innovation Mission
  • Shri Rajan Anandan, Managing Director, Sequoia Capital
  • Shri Sanjeev Kaushik, Senior Vice President, Retail Branch Banking, HDFC
  • Shri Prakash Jaiswal, Vice President, Corporate Banking, HSBC
  • Mr. Srinivas Ramanujam, CEO, Villgro,
  • Shri Yashish Dahiya, CEO, PolicyBazaar.

Day 5 (14th January)   

Day 5 will cover key events such as launch of ONDC Digital Strategy (Open Network for Digital Commerce), panel discussion focussing on women entrepreneurship, startup pitching sessions, workshop on expansion strategies and fireside chats highlighting global market entry strategies and technology commercialization. Eminent speakers across sessions will include

  • Prof. K. Vijay Raghavan, Principal Scientific Advisor, Government of India
  • Shri Amitabh Kant, CEO, NITI Aayog
  • Shri Nandan Nilekani, Non-Executive Chairman, Infosys
  • Smt. Gazal Kalra, Co-Founder Rivigo
  • Smt. Padmaja Ruparel, Co-Founder Indian Angel Network
  • Shri Phalgun Kompalli, Co-Founder, UpGrad
  • Shri Rahul Garg, Founder & CEO, Moglix
  • Shri. Manoj Kohli, Country Head, Softbank and
  • Shri Prashant Tandon, Co-founder & CEO, 1MG.

Day 6 (15th January) 

On this day, Prime Minister Shri Narendra Modi is expected to interact with startups and address Startup India Innovation Week at 10.30 am via video conferencing in closed-door event. For this interaction, 150+ startups have been divided into six working groups based on themes such as “Growing from Roots; Nudging the DNA; From Local to Global; Technology of Future; Building Champions in Manufacturing; and Sustainable Development. The aim of the interaction is to understand how startups can contribute to the national needs by driving innovation in the country and how government can assist them with the same. This day will also include the announcement of winners of National Startup Awards 2021, recognizing outstanding startups and ecosystem enablers that are building scalable enterprises, with high potential of employment generation, wealth creation, and social impact. The event will be graced by Shri Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles. The event will also be graced by other senior dignitaries such as

  • Shri Som Parkash, Hon'ble Minister of State for Commerce & Industry
  • Smt. Anupriya Singh Patel, Hon'ble Minister of State for Commerce & Industry
  • Shri Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade.

Day 7 (16th January) 

The last day of the week-long celebration will include events such as Corporate Connect for Startups, Panel discussions on the ONDC’s Made in India approach to drive inclusion, innovation & scale in Public Digital infrastructure and Urban Innovation via collaboration between Startups and Smart Cities Mission. Eminent speakers addressing various events on the last day will include

  • Shri Avnish Sabharwal, MD, Accenture Ventures
  • Smt. Sruthi Kannan, Head, CISCO Launchpad
  • Smt. Debjani Ghosh, President, NASSCOM and
  • Shri Suresh Sethi, CEO, Protean eGov.

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