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    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    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)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
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    August 7, 2026
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    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
    Show AI Summary
    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
    Show AI Summary
    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
    Show AI Summary
    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
    Show AI Summary
    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
    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
    Show AI Summary
    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.

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      Biden says he was steady hand world needed after Trump

      January 13, 2025

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      Washington, Jan 13 (AP) President Joe Biden strode into the White House four years ago with a foreign policy agenda that put repairing alliances strained by four years of Republican Donald Trump's “America First” worldview front and centre.

      The one-term Democrat took office in the throes of the worst global pandemic in a century and his plans were quickly stress-tested by a series of complicated international crises: the chaotic US withdrawal from Afghanistan, Russia's 2022 invasion of Ukraine, and Hamas' brutal 2023 attack on Israel that triggered the ongoing war in the Middle East.

      As Biden prepares to leave office, he remains insistent that his one-term presidency has made strides in restoring American credibility on the world stage and has proven the US remains an indispensable partner around the globe. That message will be at the center of an address he will deliver Monday afternoon on his foreign policy legacy.

      Yet Biden's case for foreign policy achievements will be shadowed and shaped, at least in the near term, by the messy counterfactual that American voters are returning the country's stewardship to Trump and his protectionist worldview.

      “The real question is: Does the rest of the world today believe that the United States is the undisputed heavyweight champion of the world when it comes to our reservoir of national strength, our economy, our innovation base, our capacity to attract investment, our capacity to attract talent?” White House national security adviser Jake Sullivan said in an Associated Press interview. “When we took office, a lot of people probably would have said China. ... Nobody's saying that anymore.” After a turbulent four years around the globe, the Democratic administration argues that Biden provided the world a steady hand and left the United States and its allies on a stronger footing.

      But Biden, from the outset of his presidency, in which he frequently spoke of his desire to demonstrate that “America's back,” was tested by war, calamity and miscalculation.

      Chaotic US exit from Afghanistan was an early setback for Biden With the US completing its 2021 withdrawal from Afghanistan, Biden fulfilled a campaign promise to wind down America's longest war.

      But the 20-year conflict came to an end in disquieting fashion: The US-backed Afghan government collapsed, a grisly bombing killed 13 US troops and 170 others, and thousands of desperate Afghans descended on Kabul's airport in search of a way out before the final U.S. aircraft departed over the Hindu Kush.

      The Afghanistan debacle was a major setback just eight months into Biden's presidency that he struggled to recover from.

      Biden's Republican detractors, including Trump, cast it as a signal moment in a failed presidency.

      “I'll tell you what happened, he was so bad with Afghanistan, it was such a horrible embarrassment, most embarrassing moment in the history of our country,” Trump said in his lone 2024 presidential debate with Biden, just weeks before the Democrat announced he was ending his reelection campaign.

      Biden's legacy in Ukraine may hinge on Trump's approach going forward With Russia's invasion of Ukraine, Biden rallied allies in Europe and beyond to provide Ukraine with billions in military and economic assistance — including more than $100 billion from the US alone. That allowed Kyiv to stay in the fight with Russian President Vladimir Putin's vastly bigger and better-equipped military. Biden's team also coordinated with allies to hit Russia with a steady stream of sanctions aimed at isolating the Kremlin and making Moscow pay an economic price for prosecuting its war.

      But Biden has faced criticism that he's been too cautious throughout the war about providing the Ukrainians with certain advanced lethal weaponry in a timely matter and setting restrictions on how they're used —initially resisting Ukrainian President Volodymyr Zelenskyy's requests to fire long-range ATACMS missiles deep into Russian territory as well as requests for Abrams tanks, F-16 fighter jets and other systems.

      Biden often balked, before eventually relenting, out of a concern that it was necessary to hold the line against escalation that he worried could draw the US and other NATO members into direct conflict with nuclear-armed Russia.

      Trump, for his part, has criticized the cost of the war to US taxpayers and vowed to bring the conflict to a quick end.

      Biden said Friday he remains hopeful that the U.S. will continue to aid Ukraine after he leaves office.

      “I know that there are a significant number of Democrats and Republicans on the Hill who think we should continue to support Ukraine,” Biden said. “It is my hope and expectation they will speak up ... if Trump decides to cut off funding for Ukraine.” Daniel Fried, a former US ambassador to Poland and adviser to Presidents Barack Obama, George W. Bush and Bill Clinton, said Biden's Ukraine legacy now will largely be shaped by Trump.

      He added that Trump just may succeed in bringing what many Americans can accept as “a decent end” to the Ukraine war.

      “That's not necessarily going to happen, but it could,” Fried said. “And if he does, then the criticism of Biden will be that he acted to help Ukraine, but hesitated, dithered, did a lot of hand wringing, and it took Trump to actually bring about a fair settlement.” Sullivan makes the case that Trump, a billionaire real estate developer, should consider the backing of Ukraine through the prism of a dealmaker.

      “Donald Trump has built his identity around making deals, and the way you make a good deal is with leverage,” Sullivan said. “Our case publicly and privately to the incoming team is build the leverage, show the staying power, back Ukraine, and it is down that path that lies a good deal." Biden's Mideast diplomacy shadowed by devastation of Gaza In the Middle East, Biden has stood by Israel as it has worked to root out Hamas from Gaza. That war spawned another in Lebanon, where Israel has mauled Iran's most powerful ally, Hezbollah, even as Israel has launched successful airstrikes openly inside of Iran for the first time.

      The degradation of Hezbollah in turn played a role when Islamist-led rebels last month ousted longtime Syrian leader Bashar Assad, a brutal fixture of Iran's “Axis of Resistance." Biden's relationship with Israel's conservative leader Prime Minister Benjamin Netanyahu has been strained by the enormous Palestinian death toll in the fighting —now standing at more than 46,000 dead — and Israel's blockade of the territory that has left much of Gaza a hellscape where access to food and basic health care is severely limited.

      Pro-Palestinian activists have demanded an arms embargo against Israel, but U.S. policy has largely remained unchanged. The State Department in recent days informed Congress of a planned $8 billion weapons sale to Israel.

      Aaron David Miller, a former State Department Middle East negotiator, said the approach has put Iran on its heels, but Biden will pay a reputational cost for the devastation of Gaza.

      “The administration was either unable or unwilling to create any sort of restraint that normal humans would regard as significant pressure,” Miller said. “It was beyond Joe Biden's emotional and political bandwidth to impose the kinds of sustained or significant pressures that might have led to a change in Israeli tactics.” More than 15 months after the Hamas-led attack that prompted the war, around 98 hostages remain in Gaza. More than a third of those are presumed dead by Israeli authorities.

      Biden's Middle East adviser Brett McGurk is in the Middle East, looking to complete an elusive hostage and ceasefire deal as time runs out in the presidency. Trump, for his part, is warning that “all hell” will be unleashed on Hamas if the hostages aren't freed by Inauguration Day.

      Sullivan declined to comment on Trump's threats to Hamas, but offered that the two sides are in agreement about the most important thing: getting a deal done.

      “Having alignment of the outgoing and incoming administration that a hostage deal at the earliest possible opportunity is in the American national interest,” he said. “Having unity of message on that is a good thing, and we have closely coordinated with the incoming team to this effect.” (AP) NSA NSA

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