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    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    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
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    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
    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
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    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    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
    Show AI Summary
    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
    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
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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.

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      As Trump returns to White House, his family circle has different look

      January 18, 2025

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      Washington, Jan 18 (AP) When Donald Trump returns to the White House on Monday, his family circle will look a little different than it did when he first arrived eight years ago.

      His youngest son, Barron, was in fifth grade back then. He's now a college freshman who towers over his 6-foot-plus dad.

      Granddaughter Kai, who was 9 in 2017, is now an aspiring social media influencer and impressive golfer. Grandson Joseph, who posed in Trump's lap with a Lego model of the White House last time, is 11 now.

      The most prominent relatives in Trump's political sphere, daughter Ivanka and her husband Jared, are in Florida this time around after working in his first administration.

      Family members can provide presidents with a ready source of moral and sounding-board support, companionship and even relief from the world's problems.

      Not to mention creating headaches for the president at times, too.

      "Family can do things that other people can't, and they can be trusted in a way that other people also can't," Tevi Troy, a former George W. Bush administration official and author of several books about the presidency, said.

      "Everyone needs someone they can talk to late at night when you let your hair down, so to speak." The president-elect has five children -- three of whom are married -- from his marriages to Ivana Trump, Marla Maples and current wife Melania Trump.

      He has 10 grandkids, with an 11th on the way.

      Here's a look at Trump's family circle, then and now: Melania Trump THEN: She spent the opening months of Trump's term at the family's Manhattan penthouse so that 11-year-old Barron wouldn't have to switch schools in the middle of the year.

      After moving to the White House, she travelled around the United States and to other countries, alone and with Trump, partly to promote her "Be Best" children's initiative while fiercely guarding her privacy.

      NOW: She avoided active campaigning during Trump's 2024 run, limiting her public appearances to key moments, such as the campaign's launch, the Republican National Convention and election night.

      She released a self-titled memoir late last year and will be the subject of a documentary distributed by Amazon Prime Video that is expected to be released later this year.

      While some doubt that Trump's 54-year-old wife will spend much time at the White House, she said on Fox News' "Fox and Friends" that she has already packed and picked out the furniture she wants to take to the executive mansion.

      His children: Donald Trump Jr THEN: Trump's eldest son, now 46, campaigned for his father in 2016 and 2020.

      NOW: Trump Jr's influence has grown to the point that he lobbied his father to choose close friend JD Vance for vice-president. He also pushed for former Democratic Rep Tulsi Gabbard and Robert F Kennedy Jr, the president-elect's picks for director of national intelligence and health and human services, respectively.

      Trump Jr helps run the family real-estate business and is an honourary chairman of Trump's transition. He has a podcast and has said his role is to prevent "bad actors" from getting into the administration.

      He recently flew on his father's airplane to Greenland; the president-elect has expressed a desire to take control of the mineral-rich Danish territory.

      Trump Jr has five children -- or "smurfs", as he sometimes refers to them -- with his former wife Vanessa Trump. They are Kai Madison, 17, Donald John III, 15, Tristan Milos, 13, Spencer Frederick, 12, and Chloe Sophia Trump, 10.

      Ivanka Trump THEN: Ivanka, 43, campaigned for her father in 2016 and moved her family from New York City to Washington to work in the White House as a senior advisor. She was on the campaign trail in 2020, too, but she and her family moved to Florida and retreated from the spotlight after his loss.

      NOW: As Trump geared up for the 2024 run, Ivanka announced that she loved and supported him but was getting out of politics to focus on her husband and their three kids. She did, however, join her father and other family members on election night and when he rang the bell at the New York Stock Exchange in early December after Time magazine named him "Person of the Year".

      She told "The Skinny Confidential" podcast that this time around she just wanted to "show up for him as a daughter" and be there to watch a movie or a sports game.

      Ivanka and her husband have three children: Arabella Rose, 13, Joseph Frederick, 11, and Theodore James Kushner, 8.

      Eric Trump THEN: The 40-year-old helped run the family business and participated in his father's campaigns.

      NOW: Eric is also an honourary chair of the transition and a close advisor to his father. But he continues to focus more on running the family business.

      In September, he and his brother started a crypto platform called World Liberty Financial, and their father helped launch it in an interview on X.

      Eric and his wife Lara have two children: Eric Luke, 7, and Carolina Dorothy Trump, 5.

      Tiffany Trump THEN: Trump's daughter with second wife Marla Maples was 23 and a recent University of Pennsylvania graduate who kept a low profile when Trump was first elected.

      NOW: She was more present in the 2024 campaign but still largely avoids the spotlight.

      Tiffany, 31, and her husband, Michael Boulos, are expecting their first child this year. Boulos is a businessman who travelled with Trump in the final stretch of the campaign.

      His father Massad Boulos, a Lebanese-American businessman, helped Trump with the influential Arab American community in the swing state of Michigan. Trump has named Massad Boulos to be a senior advisor on Arab and Middle Eastern affairs.

      Barron Trump THEN: At the start of Trump's first term, Barron and his mother stayed at the family's Trump Tower penthouse in Manhattan so he could finish his school year. When they got to Washington, his soccer net appeared in what's known as the first lady's garden.

      NOW: Barron, 18, is a freshman New York University business student. His parents and Trump campaign officials credit him for recommending podcasts popular with young men that the president-elect appeared on during the campaign.

      Barron will have a bedroom in the White House, Melania Trump said on "Fox and Friends".

      "I'm very proud of him, about his knowledge, even about politics and giving an advice to his father," his mother said on the programme.

      "He brought in so many young people. He knows his generation." Other family members in the spotlight: Lara Trump THEN: Trump's daughter-in-law, 42, campaigned for him during all his runs. After Trump lost to Democrat Joe Biden in 2020, she considered running for a US Senate seat from her home state of North Carolina but ultimately decided against it. She became a Fox News commentator.

      NOW: As Trump revved up his 2024 campaign, he installed his daughter-in-law as co-chair of the Republican National Committee, where she was a TV-ready advocate overseeing fundraising, voter outreach and the party's "election integrity" initiative.

      She stepped down from the RNC after the election and removed her name from consideration as a possible successor to Senator Marco Rubio, R-Fla, Trump's choice for secretary of state.

      Lara Trump is passionate about fitness and has her own line of activewear. She has also explored a side venture as a singer and has released some songs. Daughter Carolina is named after her home state.

      Jared Kushner THEN: Kushner, 44, was also a key figure in Trump's 2016 campaign. He joined his wife in the White House as a senior advisor, a role that included working on US policy toward Israel and the broader Middle East.

      NOW: Kushner has stepped out of the political spotlight -- but his father could soon step in. Trump announced after the election that he intends to nominate Charles Kushner, a real-estate developer, to be US ambassador to France.

      The elder Kushner was pardoned by Trump in December 2020 after he pleaded guilty years earlier to tax evasion and making illegal campaign contributions.

      Kai Trump THEN: Kai was in elementary school when her grandfather became president.

      NOW: Donald Trump Jr's 17-year-old granddaughter is an aspiring social media influencer. Her behind-the-scenes video from election night garnered 3.7 million views on YouTube. Other posts related to her grandfather have been watched millions more times on TikTok.

      Kai delivered her first public speech at the Republican convention and is an avid golfer who sometimes plays with her grandfather.

      "If I'm not on his team, he'll try to get inside of my head, and he's always surprised that I don't let him get to me. But I have to remind him, I'm a Trump, too," she said at the convention.

      Arabella Kushner THEN: Ivanka Trump and Jared Kushner's daughter was 6 when her grandfather showed China's Xi Jinping a video of her, in a traditional Chinese dress, belting out Chinese-language songs.

      "It's very good, right? She's very smart," Trump said.

      Xi responded that Arabella was her grandfather's "little angel" and a "messenger of China-US relations".

      NOW: Arabella is 13 and enjoys singing, playing the piano, horseback riding, and Brazilian jiu-jitsu, according to a social media post from her mother. (AP) ARI

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