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    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
    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
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
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    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.
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Customs, DGFT & SEZ

      The Agricultural and Processed Food Products Export Development Authority (APEDA) completes 37 years of its journey

      February 13, 2023

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      The Agricultural and Processed Food Products Export Development Authority (APEDA) completes 37 years of its journey

      Exports rose from 0.6 USD billion in 1987-88 to 24.77 USD billion in 2021-22; set to achieve close to 30 USD billion by 2022-23
      APEDA products exported to over 200 countries
      APEDA organizes capacity building programmes and trade meets all over the country to encourage exports and facilitate the doubling of farmers’ income

      The Agricultural and Processed Food Products Export Development Authority (APEDA), which was established in 1986 and works under the Ministry of Commerce and Trade, has achieved phenomenal success in the promotion of export of agricultural products in its successful journey of 37 years.

      Started with a merely USD 0.6 billion export in 1987-88, the APEDA’s active intervention took the export of agricultural products to a new height of USD 19.69 billion till April-December 2022-23 and expanded the export basket to over 200 countries. In 2021-22, the APEDA exported agricultural products worth USD 24.77 billion.

      The target given to APEDA in the current financial year (2022-23) is USD 23.56 billion, out of which 84% i.e. USD 19.69 billion has been achieved till December 2022, and the remaining target is expected to be completed within the stipulated time period.

      According to the WTO Trade Data, India was ranked at 25th in 1986, which slipped further to 28th in 1987 and at 29th position in 1988. However, the ranking of India improved significantly as the county’s position moved to 10th rank in 2019 which improved further to 9th position in 2020 and at 8th rank in 2021.

      Aiming to take export of agricultural products to a new level, APEDA promoted IT-enabled activities for ease of doing business in the promotion and development of exports from India. APEDA has undertaken initiatives like paperless office (re-engineering, digital signatures, electronic payment facility), APEDA Mobile App, phase-wise delivery of online services, monitoring and evaluation, uniform access, and virtual trade fair to make governance more efficient and effective.

      APEDA’s intervention led to setting up and upgrading the infrastructure of the country for agri exports and augmenting quality of agri exports.

      Keeping in mind Prime Minister Narendra Modi’s call for ‘vocal for local’ and ‘Atmanirbhar Bharat’, APEDA has been focusing on promotion of exports of locally sourced GI (Geographical Indications) tagged as well as indigenous, ethnic agricultural products. New products and new export destinations have been identified and accordingly the trial shipments have been facilitated.

      As on date, there are 417 registered GI products and of them around 150 GI tagged products are agricultural and food GI out of which more than 100 registered GI products fall under the category of APEDA scheduled products (Cereals, Fresh Fruits and vegetables, processed products, etc).

      Some of ethnic and GI tagged products exported by India include dragon fruit, patented village rice, jackfruit, jamun, Burmese grapes, dehydrated mahua flowers, and puffed rice. GI varieties of mango, GI tagged Shahi litchi, Bhalia wheat, Madurai malli, king chilli, Mihidana, Sitabhog, Dahanu Gholvad Sapota, Jalgaon banana, Vazhakulam pineapple, Marayoor jaggery, Khasi Mandarin (GI) from Meghalaya, etc.

      The Agriculture Export Policy stepped in as an Institutional mechanism in 2018 for promotion of agricultural exports in the States for the first time with a focus on agriculture export-oriented production, export promotion, better farmer realization and synchronization with the policies and programmes of Govt. of India laying emphasis on farmer-centric approach.

      A Market Intelligence Cell has been constituted in APEDA and the activity of dissemination of E-market intelligence reports comprising detailed market analysis has commenced.

      A Farmer Connect Portal has also been set up by APEDA on its website for providing a platform for FPOs/FPCs, Cooperatives to interact with exporters.

      Working in tandem with the Ministry of Commerce & Industry, APEDA has taken a giant leap in making landlocked Purvanchal a new destination of agri export activities by developing Varanasi Agri – Export Hub (VAEH) in a record time. The Varanasi region, where almost NIL export activities were happening due to lack of basic infrastructure, is now abuzz with agri export activities.

      After the intervention of APEDA, Varanasi region has recorded exemplary changes in the export scenario and registered many first-of-its-kind achievements in a very short span of time from Purvanchal region. The agri exports from Himalayan belt, J&K to Ladakh was an achievement in development of region with regard to agri exports. The landlocked states such as North Eastern Region, Uttar Pradesh, Uttranchal, Bihar, Madhya Pradesh spurred in agri exports when their products were sourced from farmers and displayed in the retail chains of importing countries.

      Non-Basmati Rice has emerged as India’s top export item among the many agricultural and processed food product exports under APEDA basket. With the export of USD 4663 million in nine months of 2022-23, it is recorded a significant contribution in the current fiscal. Other top products in the APEDA export basket in 2022-23 is Basmati Rice, Cereal preparations & Miscellaneous processed items and meat, dairy & poultry products.

      As a part of the Indian Millets promotion on web, APEDA has designed, developed and launched the Millets Portal. It has also created a separate portal Indian Millet Exchange to promote millets.

      Agricultural sector is one of the key sectors of the Indian economy as it provides direct employment to about 65% of the working population in the country and also forms the basis of major key industries. Agriculture contributes about 20.2% to GDP and about 14.1% India’s export of agricultural products during 2020-21.

      Realising the importance of agriculture and processed food products export from the country, the Government in 1986 had set up Agricultural and Processed Food Products Export Development Authority (APEDA) through an Act of Parliament under the Commerce Ministry. Then the newly created body replaced the then existing Processed Food Export Promotion Council (PFEPC). The APEDA had been undertaking most of the activities as per its mandate and scope of work allocated spanning its 14 product categories which mainly includes the sector of fruits and vegetables, processed fruits and vegetables, animal, dairy and poultry products and cereals.

      Over the years, APEDA has been handling issues concerning product safety, quality and global promotion for all its product categories, compromising more than 700 products. With the agriculture awareness about environmental and food safety issues in the importing countries and constantly additional food norms and consumer preferences, APEDA has been constantly sensitizing its trade exporters about export requirements and also providing assistance for setting up of infrastructure facilities for common uses and as well as by the concerned member exporters for having export oriented production for exports from the country.

      Considering the importance of food safety and traceability required by the importing countries of developed economies, APEDA took a number of initiatives in the area of quality development such as preparation of standards, procedures for identified potential products, development of residue monitoring protocol, recognition of laboratories and implementation of traceability systems, etc.

      The Government of India through the Ministry of Commerce initiated development of National Programme for Organic Production (NPOP), which was approved by the Government on May 2, 2001 and APEDA designated as Secretariat for NPOP.

      Basmati Export Development Foundation (BEDF) organizes workshops/capacity building programmes for stakeholders across the country.

      The visionary approach, aggressive and consistent efforts of APEDA has enabled India to position itself as a consistent and quality supplier of agri products.

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