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    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
    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
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    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
    Show AI Summary
    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
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    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
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    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
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    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
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    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.

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      How Trump could answer Palestinian question

      January 13, 2025

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      Sydney, Jan 13 (360info) The re-election of Donald Trump as the next US President was greeted in the Middle East with a mixture of rapture and dread, especially among Palestinians.

      While it is impossible to know exactly how a second Trump Presidency will act toward the Palestinian people and their demands for statehood, his first Presidency provides a guide to what they might expect.

      Like all his predecessors, in his first term, President Trump’s dealings with Israelis and Palestinians were overwhelmingly influenced by domestic political pressures, which meant unwavering support for Israel. However, true to the nature of his norm-breaking first term, Trump often dismissed long-held diplomatic norms in search of a resolution to the Palestinian/Israeli conflict.

      By doing so, his Administration sought to remove any obstacles to “peace” between Palestinians and Israelis – a “peace” that would paradoxically see the end of any hope for a Palestinian state.

      In 2017, the US announced that its embassy in Israel would relocate from Tel Aviv to West Jerusalem. While Israelis celebrated this news, it ran against diplomatic conventions concerning the status of Jerusalem, which had been in operation since 1967.

      Jerusalem divided The 1948 War of Independence divided Jerusalem, with East Jerusalem controlled by Jordan and West Jerusalem by Israel. When Israel captured East Jerusalem in 1967, it was hugely symbolic because it meant that for the first time in almost two millennia, Jews controlled all the ideologically, religiously, politically, and culturally significant city of Jerusalem.

      Nevertheless, the international community refused to accept Israel’s occupation nor its subsequent annexation of East Jerusalem in 1980, declaring that the negotiations concerning the two-state solution would decide the fate of Jerusalem. Consequently, most states have their embassies in Tel Aviv. Palestinians and Israelis interpreted the Trump administration’s decision as US recognition of Israeli sovereignty of all Jerusalem.

      Second, in November 2019, the Trump administration declared that Israeli settlements in the West Bank and East Jerusalem were consistent with international law. Israel began building settlements in the West Bank and East Jerusalem soon after their victory in the 1967 War.

      Settlements expanding According to Peace Now, in 2023, approximately 465,000 Israeli settlers were living in the West Bank, located in over 350 settlements and outposts. There were also an additional 230,000 Israelis living in settlements in East Jerusalem.

      The administration’s decision mirrored the long-held Israeli legal argument that the settlements are not illegal because the international community never deemed Jordan’s occupation of the West Bank and East Jerusalem as legal. As these territories were not part of Jordan’s sovereign territory, they could not be “occupied” by Israel, meaning it could settle the land as it wished.

      Nevertheless, this position ran contrary to Article 49 of the Fourth Geneva Convention, which states that: “the Occupying power shall not deport or transfer parts of its civilian population into the territory it occupied.” Consequently, the international community, including the United Nations, the International Criminal Court (ICC), and the International Court of Justice (ICJ), has consistently deemed Israeli settlements as illegal and as impediments to any peace agreement between Palestinians and Israelis.

      However, the administration’s rationale for its decision was that declaring the settlements illegal only restrains and impedes the negotiation process and, thus, any progress towards a successful resolution of the Palestinian/Israeli conflict.

      Around the same time, the Trump administration announced that it would no longer contribute funding to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), the principal UN aid agency for Palestinians.

      What followed was a budget cut of 30%, culminating in profound humanitarian effects on Palestinians, especially for Gazans, who relied heavily on UNRWA’s provision of essential services to survive after Israel placed the Strip under siege following Hamas’s election victory in 2006.

      Again, the administration’s position mirrored that of the Israeli government, which has long criticised UNRWA for allegedly supporting terrorism. Pointedly, Israel’s position is motivated by its belief that UNRWA’s aid undercut its ability to manipulate Hamas’s government in Gaza by determining how much assistance it let into the Strip. UNRWA also reports back to the UN about the dire humanitarian situation in the Occupied Palestinian Territory , highlighting the deprivations and human rights abuses of Israel’s occupation and siege.

      Trump’s “Deal of the Century” In 2020, the Trump Administration published its so-called “Deal of the Century”, intending to resolve the Palestinian/Israeli conflict finally. However, Palestinians rejected the plan outright, incensed by proposals to rescind Jordanian custody of Haram al-Sharif and transfer control to Israel.

      Haram al-Sharif, or the Dome of the Rock mosque, is the third holiest site in Islam. When Jordan signed a peace agreement with Israel in 1994, Israel agreed to recognise Jordan’s custodianship of the Muslim holy sites in Jerusalem, specifically Haram al-Sharif. Rescinding control of Haram al-Sharif to Israel meant it would control all the disputed city.

      Importantly, for Palestinians in any peace agreement with Israel, East Jerusalem would become the capital of the future Palestinian state — without East Jerusalem, there can be no Palestine.

      While things changed marginally under the Biden Administration, the asymmetry between Palestinians and Israelis increased dramatically following the October 7 attacks. Given Trump’s overwhelming support for Israel, there is little indication that Palestinians will be given equitable treatment in his second term.

      How far does Trump’s support for Israel go? During the Presidential campaign, Trump stated on several occasions that he wanted Israel to win the war quickly. On 3 December, Trump posted on social media that Hamas needed to release all remaining hostages before he took office on 20 January 2025. Otherwise, there would be “hell to pay in the Middle East, and for those in charge…”.

      While it is uncertain exactly what this may entail, the incoming Administration would likely support Israel’s efforts to find those hostages, irrespective of what that might involve. The future is equally bleak for the prospects of a Palestinian state, with Israel’s ultra-nationalist Finance Minister, Bezalel Smotrich, issuing a statement soon after Trump’s re-election voicing his hope that the incoming Administration would support Israel’s claim of sovereignty over all the West Bank. Smotrich also oversees the administration of Israel’s occupation of the West Bank and East Jerusalem.

      Soon after issuing the statement, he instructed the Israeli Defence Ministry’s Settlement Directorate and Civil Administration to prepare for annexation. Any such move would sound the death knell for any Palestinian state.

      The only saving grace for Palestinians is that any annexation would almost certainly create a diplomatic storm throughout the Arab world, especially in light of the ICC accusing Netanyahu and his Defence Minister, Yoav Gallant, of war crimes and crimes against humanity due to Israel’s actions in Gaza and the West Bank that have seen more than 45,000 Palestinians killed.

      The last time that the Arab world felt so aggrieved and diplomatically embarrassed was after the 1967 and 1973 Wars. Following the 1967 War, Egypt closed the Suez Canal for eight years, while after the 1973 War, OPEC implemented a 5-month oil embargo on all states that supported Israel, including the US, creating an international energy crisis. A repeat of either or both scenarios would be catastrophic for global trade.

      Whether President Trump would risk such a calamity by supporting Israel’s ultra-nationalist agenda is again uncertain. What is more certain is that the President holds little respect for diplomatic conventions and considers himself a deal-maker, meaning that he could indeed gamble on being able to make the Arab world bend to his diplomatic will without having to compromise too much on US support for Israel. (360info) SCY SCY SCY

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