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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
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August 7, 2026
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Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
August 7, 2026
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August 7, 2026
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BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
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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.
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August 7, 2026
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August 7, 2026
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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.
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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.
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Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
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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.
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Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
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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.
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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.
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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.
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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.
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Customs, DGFT & SEZ

Indian mangoes shipment expands its footprints

October 27, 2023

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India exports mangoes worth USD 47.98 million in five months (April-August) of 2023-24

India registers 19% growth in mango export to USA in 2023-24 over last year

With the continued efforts of the Agricultural and Processed Food Products Export Development Authority (APEDA), Ministry of Commerce and Industry, India has registered a significant growth in the export of mangoes in the first five months of the current fiscal (2023-24) by exporting mangoes to the tune of USD 47.98 million, which is 19 percent higher than the previous years’ value of USD 40.33 million in the same period.

With the collaboration of Ministry of Agriculture and Farmers Welfare and APEDA, India exported 22,963.78 MT of mangoes worth USD 48.53 million in 2022-23, while in the current year 2023-24 (April-August), India has exported 27,330.02 MT of mangoes worth USD 47.98 million. As a part of its initiative to promote export of mangoes in the season 2023, the Ministry of Agriculture and Farmers Welfare and APEDA invited the United States Department of Agriculture’s (USDA) Animal & Plant Health Inspection Service (APHIS) inspector for preclearance of mangoes at irradiation facilities at Vashi, Nashik, Bangalore and Ahmedabad.

India has achieved grand success in the export of Indian mangoes to the USA by registering a growth of 19 percent in comparison to the previous fiscal year. India has exported 2043.60MT of Indian mangoes to the USA in the first five months of the current fiscal.

Besides the USA, with continuous efforts of the concerned authorities, India has exported 43.08 MT of mangoes to Japan, 110.99 MT of mangoes to New Zealand, 58.42MT of mangoes to Australia and 4.44MT of mangoes to South Africa – a new destination.

Furthermore, the Ministry of Agriculture and Farmers Welfare and APEDA jointly invited inspectors from South Korea for preclearance of mangoes for exports there. This has allowed India to export 18.43 MT of mangoes after being treated at the authorized Vapour Heat Treatment facility under the joint supervision of the Directorate of Plant Protection, Quarantine, and Storage (DPPQS), India and Animal and Plant Quarantine Agency (APQA), South Korea.

There has been a significant increase in the export of mangoes in 2022-23. In the season 2023, India has exported mangoes to 41 countries by exploring new destinations such as Iran, Mauritius, Czech Republic and Nigeria.

APEDA has also participated in Seoul Food & Hotel Show to showcase Indian mangoes to promote its export. In order to commemorate the 75 years of Independence of India (Azadi ka Amrit Mahotsav), APEDA facilitated the export of 75 eastern varieties of mangoes to Bahrain. The consignment included 5 GI-tagged varieties from the eastern region of India.

Additionally, APEDA organized a mango promotion programme or festival in active collaboration with the Missions of India of the respective countries to promote and increase the export of Indian mangoes.

APEDA in association with the Embassy of India, Brussels organized a mango tasting event for Indian mangoes. At the show, four different varieties of mangoes such as Amrapalli, Banganapalli, Kesar and Himsagar were displayed. The participants were offered all the varieties of mangoes, along with the prepared dishes that included mango lassi and mango pudding.

Further, APEDA took various initiatives in 2023 to promote the export of Indian mangoes to different International markets. A mango promotion programme was organized in Malaysia by APEDA in collaboration with High Commission of India, Kuala Lumpur, wherein Kesar and Banaganapalli varieties of mangoes were showcased.

Also, APEDA facilitated a consignment of mangoes to the Embassy of India, Kabul for mango promotion programme in Afghanistan. A similar show was also organized in Kuwait by APEDA in association with Embassies of India, Kuwait.

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