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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
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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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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    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.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    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.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    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".
    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.

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      PM Modi has turned the spirit of Innovation and Entrepreneurship into a festival in India, say Young and Budding Entrepreneurs

      January 17, 2025

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      More than 50 startups make a pitch to Shark Tank Judge and Entrepreneur, Anupam Mittal to mark the 'National Startup Day 2025' celebration at Chandigarh University CHANDIGARH, India, Jan. 17, 2025 /PRNewswire/ -- On the occasion of National Startup Day, Chandigarh University hosted SANDBOX 2025, a flagship event to celebrate the entrepreneurial ecosystem of North India and showcase the groundbreaking innovations, foster meaningful collaborations among startups, investors, industry leaders as well as aspiring entrepreneurs, with Shark Tank India judge and Shaadi.com Founder, Anupam Mittal, as Chief Guest to mentor budding entrepreneurs.

      Hosted by Chandigarh University Technology Business Incubator (CU-TBI), with the theme, 'Empowering Visionaries, Redefining Tomorrow,' SANDBOX 2025 received an overwhelming response with over 1000 registrations by start-ups for the event. Of the 250 viable startups shortlisted from the total registrations from 45 cities all across the country, including cities like Kolkata, Delhi, Mumbai, Bengaluru, Hyderabad, 50 selected startups, including 17 startups based on Artificial Intelligence, were exhibited during the event. Out of these 50 startups covering a range of fields including business, content, health care and agriculture, the top 10 startups including Capeels, Innow8, Akarshana, Carewell 360, Ashya Pro 6, Medoc, Weaving Dreams, DCS Pro, Clienthals and Resolex, received the opportunity to pitch before Shark Tank India judge and Shaadi.com Founder, Anupam Mittal. On this occasion, young entrepreneurs said that PM Modi has turned spirit of innovation and entrepreneurship into a festival in India by declaring January 16 as National Startup Day to honour the creativity, resilience and determination of country's innovators and entrepreneurs.

      Prominent among those who attended, the event included Satnam Singh Sandhu, Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor, Sanjiv Sethi, MD, Gilard Electronics Pvt, Ayush Bagga, T-HUB Head, Government Relations, Ankit Saxena, IIT Delhi, Director, DS Centre of Entrepreneurship, Narender Verma, CII Executive Manager, Founder and Chief AI Officer, VK Sharma, CDAC Director, Shailendra Tyagi, STPI Director at Software Technology Parks of India (STPI), Ministry of Electronics & IT, Government of India, Munish Jauhar, Nasscom, Founder and CEO of GrayCell Technologies.

      On the occasion, Shark Tank India judge and Shaadi.com Founder, Anupam Mittal, said that in the past decade, there is a manifold increase in the spirit of innovation and entrepreneurship in India. "The biggest reason for this is our government which has created many new opportunities to encourage our youth. An entrepreneur does not wait for an opportunity; he rather creates an opportunity on his own. I am sure that the in-born entrepreneurship skills in Indians will make them the top entrepreneurs of the world in upcoming 10 years," he added.

      "One of the interesting aspects of our culture and civilization is that we have always been entrepreneurs. We have created many things in our country and given them to the world. So the entrepreneurship is there in us Indians by birth. We just have to think about it, understand it and recognize it. This is the reason why many of our entrepreneurs are the best at the world level. I just want to tell the youth that you should not just think about becoming an entrepreneur, you should rather aim to become the best entrepreneur in the world," Mittal added.

      Member of Parliament and Chancellor, Chandigarh University, Satnam Singh Sandhu, said, "India's startups have witnessed a golden era in past 10 years under PM Modi's leadership. Startup supportive policies have made India a nation of technology and ideas which is evident from the fact that today, India is the world's 3rd largest startup ecosystem with over 1.57 lakh startups and 110 unicorns. Under PM Modi's leadership, the number of startups in India surged to over 1.57 lakh from 350 in 2014, creating over 16 lakh jobs across various sectors. These startups are playing a crucial role in making India self-reliant under PM Modi's leadership. India's youth today are becoming job-providers instead of job-seekers. This way, startups are playing a pivotal role in India's journey towards becoming a Viksit Bharat by 2047 with right decisions taken at the right time, which have helped startup networks go beyond metropolitan boundaries to more than 600 districts across the nation. India's commitment to nurturing startups is reflected in the allocation of over Rs. 10,000 crore through the Startup India initiative over the past decade. With 67,000 startups having at least one-woman director, India is cultivating a dynamic and inclusive entrepreneurial ecosystem in which women lead more than 45 percent of startups to place India in the global arena." "As a Research-Intensive University, Chandigarh University remains focused on research and innovation by fostering an entrepreneurial ecosystem which encourages its students to innovate new technologies and unlock boundless opportunities for growth. Ever since the inception of Chandigarh University, CU students have created over 150 Start-Ups. Chandigarh University's Technology Business Incubator (CU-TBI) is mobilizing Rs. 5 crore to catalyze growth in the startup ecosystem at CU. This initiative brings together key stakeholders from Chandigarh University and venture capital partners to empower innovative startups and foster entrepreneurship," Sandhu added.

      Participating in a panel discussion on startups, Sanjeev Sethi, MD, Gillard Electronics Pvt. Ltd., said, "Times have changed now, few years back, the concept was that those who got a degree would get employment and those who did not would become entrepreneurs. Soon society and nation realized that entrepreneurship is very important for the country and nation. And an uneducated entrepreneur can go only up to a level, so there is a need for people with degrees to also become entrepreneurs. Earlier there was no focus on entrepreneurship. The present time is a good time for future entrepreneurs, as things have become easier now. The country has realized the importance of entrepreneurship and startups. All it takes to succeed is an idea, then a plan and then implementation to make it successful. The idea (startup) should be kept in a larger perspective." Aayush Bagga, Head, Government Relations, T-Hub, said, "We as an incubator have to understand what our role is, what our objective is in supporting the right startups and whether it is qualitative or quantitative that we want to achieve. To simplify, there are certain parameters, certain metrics that we have formulated to support the right startups. First of all, we definitely need to understand what the difference between a traditional business and a startup is. Every startup and every founder should always have their own advisory board. The founder can always have their own personal advisory board. From there, we can get the right inputs. So in this way, inspiring mentors are very important because entrepreneurship is a journey. As far as I have experienced entrepreneurship, it all happens gradually." Munish Jauhar, Founder and CEO of GrayCell Technologies, and one of India's top 100 Angel Investors (Fortune India), said, "In the past, Indians were always looked up on as coders, basically people you would outsource work to, you would give a set of instructions that they would prove. But now, the things are changing very, very rapidly. We see numerous startups coming out of this region as well. I don't see anything that is going to withhold India back now. We have a plethora of very high quality education, not only at graduate, under graduate, or postgraduate level. So we cover it all. We have an angel investment group in Punjab. We have a very strong otherwise entrepreneurial ecosystem." Ankit Saxena, Director, DS Centre Of Entrepreneurship, FITT, IIT Delhi, said, "The way technology has disrupted the entire ecosystem, we are seeing success stories coming at very early years of any individual now. We have seen that when as an entrepreneur comes up with an idea, which is driven by technology, they not only create jobs within their venture, but they also end up creating a platform which creates more entrepreneurs." "If you want to try out entrepreneurship, you can do some internships with some existing startups to understand how a startup works. Because entrepreneurship is also a very tricky subject. You have to create something new, something very disruptive to be very successful, if you want to create a scalable business," he added.

      About Chandigarh University Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

      Website address: https://www.cuchd.in/ Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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