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    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
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    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”
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    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.
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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.
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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
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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.
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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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    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.
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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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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
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    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
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    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.
    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.

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      Consumer goods brands rush to grab eyeballs as pilgrims converge for holy dip at Mahakumbh

      January 15, 2025

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      New Delhi, Jan 15 (PTI) From putting products on display at stalls to setting up resting camps for pilgrims, consumer goods companies have been scrambling to showcase brands at Mahakumbh as devotees throng in record numbers to take a holy dip at Sangam -- the confluence of rivers Ganga, Yamuna and the mystical Saraswati.

      Top brands, including Dettol, Dabur, Pepsico, Coca-Cola, and corporate houses such as ITC and Reliance have set up camp ashrams, lined up their products, and are distributing samples and refreshments.

      The unmissable signage boards make one thing clear: the companies are expecting to make their presence felt in the coming days.

      The brands -- which have been facing headwinds owing to multiple factors led by rising prices and tepid sales in urban markets -- are taking the Mahakumbh as an opportunity to directly engage with the consumers -- especially the rural population -- and communicating with them through a host of special initiatives over 45-day-long events, in which about 40 crore people are estimated to attend.

      Reliance Consumer Products Ltd (RCPL), the FMCG arm of billionaire Mukesh Ambani-led Reliance Industries retail empire, is offering services and product availability of its consumer products to enhance the pilgrim journey.

      "This will include providing essential refreshments to ensure pilgrims remain hydrated and energised during their spiritual quest. Signage and directional boards are also being installed to assist pilgrims with clear, easy-to-read signages and branding to navigate the vast expanse of the event smoothly," said RCPL Chief Operating Officer Ketan Mody.

      It will also operate 'aaram sthal' (resting areas), designated comfortable rest zones to offer pilgrims a moment to relax during their long and often arduous journeys, he added.

      FMCG brand Reckitt through its flagship hygiene brand Dettol will support nearly 15,000 sanitation workers by providing training programmes and making soaps accessible to them at Kumbh.

      It is also deploying health and hygiene volunteers across all 25 sectors of the Kumbh, offering on-ground support and guidance to the pilgrims, under the campaign 'Dettol Banega Swasth India'.

      "The Maha Kumbh Mela 2025 provides a unique opportunity to embed hygiene practices into one of India's most culturally significant events. We are delighted to take ahead our long-standing partnership with the Government of Uttar Pradesh and GIWA," said Reckitt -- South Asia Executive Vice President Gaurav Jain.

      Home-grown FMCG firm Dabur said it has also planned a series of consumer engaging activities to strengthen connect with people during the Kumbh Mela.

      "We feel direct engagement with consumers during such traditional melas that helps us strengthen our bond with consumers. They, in turn, get the opportunity to touch, feel and experience our products. This reinforces their long-standing trust in the brand Dabur," Dabur India CEO Mohit Malhotra said.

      In rural markets, success depends highly on how a brand is positioned and promoted. The greater the strategic attention to a unique demand, the greater the chances of the product's success in rural pockets.

      "Since the Kumbh Mela is deeply rooted in cultural and spiritual traditions, brands that align their messaging with these values can create a stronger connection with the audience," he said.

      Moreover, standing out in a crowded environment requires creativity and innovation.

      "While the space may seem cluttered, it actually offers companies the opportunity to get consumers to touch, feel and experience their brands and build greater connections. This will generate sales in the days to come," he said, adding, "Most of our key power brands like Dabur Chyawanprash, Dabur Honey, Dabur Red Paste, Dabur Amla Hair Oil, Vatika, Hajmola, and Honitus will be undertaking consumer activations at the Kumbh Mela." Beverages major Coca-Cola will pair with its portfolio of beverages with local foods and flavours.

      "We are committed to creating social impact through multiple initiatives at the event that showcase the potential of repurposed packaging and raise awareness about recycling to inspire collective action," said Coca-Cola India and South West Asia Vice President Marketing Greishma Singh.

      Multi-conglomerate ITC sees the Mahakumbh as a unique spiritual, economic and cultural confluence, offering unparalleled opportunities for brands to engage with consumers. It has activated its Mangaldeep agarbatti (incense sticks) and packaged food brand Bingo.

      "ITC's FMCG brands, including Bingo! and Mangaldeep, are leveraging this opportunity to connect with the masses through experiential initiatives at the mega event. Through its consumer connect initiative, Bingo will bring the local culture of Uttar Pradesh to life at the brand's activity booth with initiatives such as creating reels on famous local songs using traditional props and offering fusion dishes," said an ITC spokesperson.

      Similarly, food & beverages major PepsiCo has introduced its brands Mountain Dew and Sting at Kumbh. It has installed a 30-foot-tall illuminated Mountain Dew bottle electrifying the area for navigation and ensuring better visibility and over 500 charging points under its carbonated energy drink brand Sting.

      "Sting is also electrifying the Mahakumbh and keeping the levels high by introducing towers with over 500 charging points to recharge devices on the go -- providing much-needed connectivity for pilgrims throughout the event. Furthermore, the brand's association with electric vehicles ensures clean and convenient travel for visitors," said a Pepsico spokesperson.

      According to a report from the Confederation of All India Traders (CAIT), the Mahakumbh is projected to generate trade worth about Rs 2 lakh crore in the region. PTI KRH TRB HVA HVA

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