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    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
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    August 7, 2026
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    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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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
    Show AI Summary
    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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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
    Show AI Summary
    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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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
    Show AI Summary
    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
    Show AI Summary
    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
    Show AI Summary
    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
    Show AI Summary
    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
    Show AI Summary
    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.

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      NAMTECH on a Mission to Develop World-Class Talent for MET Sector in India, for India

      January 20, 2025

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      Conducts its first Convocation Ceremony and hosts MET Expo Gandhinagar, 18 January 2025: NAMTECH (New Age Makers’ Institute of Technology) conducted the first graduation ceremony of its International Professional Master’s Program (iPMP) – Smart Manufacturing class of 2024 Saturday, 18 January 2025 at Mahatma Mandir Convention & Exhibition Centre, Gandhinagar. During the convocation ceremony, the institute awarded Post Graduate Certificates to 53 students.

      The occasion was marked by the first Manufacturing, Engineering and Technology (MET) Expo which showcased innovative and cutting-edge digital technologies giving the attendees a glimpse of the future of manufacturing and engineering. The highlight of the Expo was the demonstration of NAMTECH’s futuristic living and learning campus elements and the spatial AI enabled XR platform. The Expo aimed to spark interest and dialogue around emerging technologies and showcase NAMTECH’s use of modern, state-of-the-art equipment to deliver its programs.

      NAMTECH empowers enterprising young minds to be ‘Conscious Technologists’ through its ‘Innovation Schools’. It offers high quality, industry-aligned experiential learning programs in MET and provides a platform for ‘Sharing Technology’ and catalyzing innovation for the larger socio-economic good​. NAMTECH’s ‘Conscious Technologists’ are highly competent professionals would drive the ‘Make in India’ vision of India’s transformation into a global manufacturing powerhouse.

      The National Education Policy 2020 (NEP 2020) recognizes that the evolving complexity of modern problems demands a multi-disciplinary approach rather than isolated expertise in mechanical, electrical, or other specialized fields. NAMTECH’s pioneering, microlearning factories enable students to work on complex, real-world problems and gain practical experience in digital technologies through a 1-year accelerated master’s program.

      The graduation ceremony and the MET Expo saw Dr K Radhakrishnan, Former Chairman, Indian Space Research Organisation (ISRO) and architect of India’s Mangalyaan mission as the Chief Guest and Ms Debjani Ghosh, presently Distinguished Fellow, Niti Aayog, Former Vice-President and MD, Intel South Asia and Former President, NASSCOM; and Dr K N Vyas, Distinguished Homi Bhabha Chair Professor, Department of Atomic Energy (DAE) as the Guests of Honor. The graduation day commenced with the ceremonial procession led by the Dean, Chief Guest, Guests of Honor, Board Members and other senior faculty members.

      In his convocation address highlighting NAMTECH’s visionary approach, Dr K Radhakrishnan, said: “This day is the culmination of a noble vision, unwavering perseverance, and steadfast dedication. NAMTECH’s focus on skilling at high scales for manufacturing and engineering sectors is pertinent and praiseworthy. Posterity will acknowledge this impactful initiative and its institutional model that would bring up future-ready high-tech workforce for India and the world.

      Congratulating the graduating class he said: “We recognise your accomplishments, spirit of excellence and the adoption of innovative technologies that each of you embodies now. This achievement is a testament of determination and the enduring support of your parents and families, and the incredible guidance of the faculty and staff of NAMTECH.” Through its ‘Aatmanirbhar Bharat Abhiyan’ India aims to be the most preferred global manufacturing and engineering destination. Its aspiration to become a developed economy hinges on its ability to create critical technologies, and this requires availability of world-class talent. NAMTECH through its programs and strategic partnerships with global academic institutions and leading corporates is the incubation hub to produce this talent. NAMTECH’s Women in Manufacturing program empowers women to break traditional gender barriers and lead industry’s digital transformation.

      Aligned with the Hon’ble Prime Minister’s vision of Viksit Bharat@2047 - a prosperous and developed nation by its 100th year of independence - NAMTECH is playing a pivotal role in shaping a skilled, future-ready workforce to drive innovation, manufacturing excellence, and sustainable development.

      Speaking about NAMTECH’s first convocation, Arunkumar Pillai, Director General, NAMTECH said: “Today is not just a gathering for celebration of individual successes, but a monumental chapter in the history of our institution. 2024 has been a year of achievements and several learnings. We experimented and built every element of the “excellence with impact” model. At the core is the excellence driven by our 4 innovation schools – School of Manufacturing Technologies, School of Manufacturing Design and AI, School of Sustainability and School of Robotics. Each School is supported/mentored by a leading global academic institution and a host of industry partners.” Addressing the maiden batch of NAMTECH’s graduates, he said: “As the first graduating class, you dared to dream with us, to venture into the unknown and to help build this institution from its very foundation. Today is a day of gratitude.

      “Graduates, you hold the tools to build a future that is smarter, safer, and more just than what it is today. So be bold, be curious, break barriers and serve humanity.” About NAMTECH New Age Makers’ Institute of Technology (NAMTECH) is a not-for-profit education initiative by ArcelorMittal Nippon Steel India (AM/NS India). NAMTECH is a pioneering, industry-aligned institute built with a bold mission to bridge the gap between what industry needs and the traditional educational systems. NAMTECH seeks to reimagine education through experiential learning and an emerging technology-driven curriculum that moulds students for whatever comes and prepares them with the skills to meet future marketplace challenges.

      With a distinguished team of finest faculty and experienced professors-of-practice, NAMTECH bridges academic rigor with industry expertise, preparing students for rewarding careers in the MET space.

      NAMTECH is structured into four schools and an impact center - the School of Manufacturing Technologies, School of Manufacturing Design and AI, School of Sustainability, School of Robotics, and Center for Social Impact, each mentored by a globally leading institution and partnered with various industry leaders. For more information, please visit www.namtech.ac.

      About MET EXPO NAMTECH hosted an extraordinary MET Expo during its first convocation, celebrating innovation and excellence in Manufacturing, Engineering, and Technology (MET). This landmark event showcased NAMTECH’s pioneering advancements in modern pedagogy, digital technologies, and cutting-edge educational practices.

      Highlights included an immersive experience of Industry 4.0, featuring robotics, additive manufacturing, and related technologies, as well as demonstrations of extended reality (XR) integration in education. The expo shone a spotlight on NAMTECH’s exceptional students’ achievements throughout the year, with a dedicated display of their innovative projects. The Expo gave a transformative experience to the attendees, celebrating the institution’s journey and its significant contributions to industry-ready education.

      For media enquiries please contact Deepti Soni, Head of Branding and Communications, NAMTECH on [email protected] or 9810312913.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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