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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
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
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    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
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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
    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
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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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      JSW MG Motor Accelerates Into Wider NEV Portfolio: Unveils MG Cyberster and MG M9 Under its Luxury Brand Channel, MG Select

      January 21, 2025

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      New Delhi, Delhi, India – Business Wire India • Portfolio of 5 EVs across different segments with the Windsor, Comet, ZS, Cyberster and M9 • MG Cyberster, India’s First all-electric Roadster, combines iconic roadster heritage with modern brand design language • Power meets sustainability with the MG M9, India’s first electric three row presidential limousine.

      • Debut of MG Select, the new luxury brand channel to make luxury cars more accessible for discerning car buyers in India • Pre-reservations for MG Cyberster and M9 commence today JSW MG Motor India has ushered in a new age of ‘accessible luxury’ with two new models - MG Cyberster, India’s First all-electric Roadster and the MG M9, India’s first electric three-row presidential limousine, slated to be launched this year. Unveiled at the Bharat Mobility Global Expo 2025 today and debuting under its new luxury brand channel, MG Select, these new models underscore the company’s vision to usher in a new era of mobility in India – one that is intelligent, sustainable, and customer-focused. Pre-reservations for the MG Cyberster and M9 commence today, and customers can log on to www.mgselect.co.in and pre-book these two cars. With these two new models, the brand will soon have the widest EV portfolio with five different models across different segments, including the MG Windsor - the number one selling EV since its launch, the MG Comet, and the MG ZS.

      The MG Cyberster, India’s First all-electric Roadster, reimagines the classic MG B Roadster with best-in-class technology and futuristic design, blending classic elegance with exhilarating performance. A completely new roadster designed for a new generation of sportscar drivers, the MG Cyberster opens a bold and compelling new chapter for the brand. The MG M9, India’s first electric three-row presidential limousine, is conceptualized to provide ultimate comfort and luxury on wheels. Redefining a luxury EV with spacious interiors, superior craftsmanship, and long range, the MG M9’s charisma will appeal to luxury buyers in India.

      Talking about the brand’s continued success in EVs, Parth Jindal, Director, JSW MG Motor India, “Unveiling the two new models at the Bharat Mobility Global Expo, Parth Jindal, Director, JSW MG Motor India, said “JSW MG Motor India is redefining the very concept of accessible luxury in the country by unveiling two luxurious pure EVs that combines legacy and modernity. Having brought the much-needed disruption in the EV market with Windsor EV, we are now set to give a new meaning to the modern roadster standard with MG Cyberster, with its iconic design and value-added features. Along with MG Cyberster, the introduction of the MG M9 presidential limousine is our attempt to provide ultimate comfort and luxury on wheels. With these unveils, we are offering a unique blend of style and features for the discerning buyers, reflecting on our firm commitment to bring world-class luxury and technologically-advanced, sustainable mobility solutions in India.” Speaking at the expo, Rajeev Chaba, CEO Emeritus, JSW MG Motor India, "At JSW MG Motor India, innovation is a core pillar of our brand. We are committed to consistently disrupt the market for our customers, particularly with a sharp focus on NEVs. Our entry into the accessible luxury segment through MG Select is another testament to our persistent efforts to bring the best offering to our consumers. It is this commitment that sets us apart.

      With MG Select and our premium product portfolio, we are leading the transition towards an accessible luxury market. The MG Cyberster and M9 will further enhance our growth story in India and enable us to establish the accessible luxury space in India. We remain optimistic about our vision for mobility in India, which will certainly resonate with Indian car buyers.” The MG Windsor has been creating waves since its launch in September last year. After making history as the first passenger EV in India to garner 15,176 bookings within 24 hours of its booking announcement, it also achieved the production milestone of 10,000 in just three months. This achievement underscores the growing enthusiasm for MG’s offerings among Indian buyers and reflects the increasing demand for four-wheeler EVs in the market, signaling a clear shift towards electric mobility.

      JSW MG Motor India, known for its commitment to excellence and innovation, is redefining accessible luxury with ‘MG Select’, its new luxury brand channel. Designed for discerning customers, MG Select emphasizes purposeful, new-age experiences. With exclusive experience centers planned across 12 cities, featuring unique, minimalistic showrooms, this new-age luxury brand channel blends innovation, sustainability, and curated offerings to set new benchmarks in modern luxury. Rooted in the rich legacy of Morris Garages, MG Select will offer slick products and best-in-class NEV technology, seamlessly combining environmentally conscious mobility with timeless design. MG Select will deliver exceptional style, performance, and sophistication, ushering in a purpose-driven, new era of luxury in India.

      The MG pavilion showcased an extensive line-up of futuristic products across different powertrains, global portfolio showstoppers and segment-first models from its popular Indian portfolio. Themed Drive.Future, the pavilion helped visitors envision the future of mobility through a series of innovative products, advanced technology, new-age mobility solutions and elevated customer experience.

      Details of products unveiled at the Bharat Mobility Global Expo 2025 MG Cyberster: India’s first all-electric Roadster, the MG Cyberster featuring India’s first-ever electric scissor doors, operating from single-touch button across the interior console, key fob and each door in a rapid 5-second open and shut time. Engineered to ensure safety, the built-in Dual Radar sensors on each door provide protection sideways and upwards while opening. It is also clubbed with an anti-pinch bounce back feature ensuring safety for the consumer while closing the door. With lightning-fast acceleration (0 to 100 kmph in 3.2 seconds) and a sleek silhouette, the MG Cyberster’s iconic design pays homage to MG’s storied heritage while redefining the modern roadster standard. Featuring an aerodynamic Kammback design, the electric vehicle comes with the industry’s slimmest 77 kWh battery pack, with a thickness of just 110 mm. MG Cyberster is a powerhouse of elegance, sportiness, and innovation.

      MG M9: The MG M9, India’s first electric three-row presidential limousine is conceptualised to provide ultimate comfort and luxury on wheels. The limousine is built with a charismatic blend of signature styles, from its touchscreen armrest on reclining ottoman seats in the second row to the trapezoidal front grille on the exterior. With 8 massage modes in the ottoman seats and the 3-zone climate control, it ensures an elevated sense of comfort, all of which can be controlled from the touchscreen panel on the armrest. This majestic limousine is for the discerning few who long to travel with the best amenities and can comfortably seat seven passengers across three rows. The quite cabin atmosphere is comparable to a theatre with stunning audio pleasure. High on performance, MG M9 offers an immersive panoramic sunroof and front-opening skylight. With electrically powered technology, the car sets a new standard of luxury and leisure.

      About JSW MG Motor India SAIC Motor, a global Fortune 500 company with a presence in over 100 countries and JSW Group (India's leading conglomerate with interests across B2B and B2C sectors) formed a joint venture - JSW MG Motor India Pvt. Ltd. in 2023. The joint venture aims to build an innovative and sustainable automotive ecosystem while continuing to stay focused on developing a diverse portfolio of vehicles to give car buyers better access to advanced technologies and futuristic products with attractive value propositions. JSW MG Motor India Pvt. Ltd. is committed to introducing world-class technology, strengthening the manufacturing landscape, best of innovation across its business operations, and generating significant employment opportunities through extensive localization.

      About Morris Garages Founded in the UK in 1924, Morris Garages vehicles were world-famous for their sports cars, roadsters, and cabriolet series. MG vehicles were much sought after by celebrities, including British Prime Ministers and even the British Royal Family, for their styling, elegance, and spirited performance. The MG Car Club, set up in 1930 at Abingdon in the UK, has thousands of loyal fans, making it one of the world’s largest clubs for a car brand. MG has evolved into a modern, futuristic, and innovative brand over the last 100 years. Its state-of-the-art manufacturing facility in Halol, Gujarat, has an annual production capacity of 1,00,000 plus vehicles and 6,000 direct and indirect employees. Driven by its vision of CASE (Connected, Autonomous, Shared, and Electric) mobility, the innovative automaker has augmented across-the-board ‘experiences’ within the automobile segment today. It has introduced several ‘firsts’ in India, including India’s first Internet SUV – MG Hector, India’s first Pure Electric Internet SUV – MG ZS EV, India’s first Autonomous (Level 1) Premium SUV – MG Gloster, the Astor- India’s first SUV with personal AI assistant and Autonomous (Level 2) technology, MG Comet – The Street-Smart Car and India’s first Intelligent CUV, MG Windsor.

      Website: https://www.mgselect.co.in/ Facebook: https://www.facebook.com/mgselectindia/ Instagram: https://www.instagram.com/mgselect/ LinkedIn: https://www.linkedin.com/company/mg-select-india/ YouTube: https://www.youtube.com/@MGSelect X: https://x.com/MGSelectIndia To View the Image, Click on the Link Below: Hon PM Shri Narendra Modi visits JSW MG Motor India’s pavillion at the BMGE 2025. Parth Jindal, Director, JSW MG Motor India and Rajeev Chaba, CEO Emeritus, JSW MG Motor India were with him.

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

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