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    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
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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.
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.

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Trump proposes 'getting rid of FEMA' while touring disaster areas

January 25, 2025

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Los Angeles, Jan 25 (AP) President Donald Trump surveyed disaster zones in California and North Carolina on Friday and said he was considering “getting rid of” the Federal Emergency Management Agency, offering the latest sign of how he is weighing sweeping changes to the nation's central organization for responding to disasters.

In fire-ravaged California, the state's Democratic leaders pressed Trump for federal assistance that he's threatened to hold up, some setting aside their past differences to shower him with praise. Trump, in turn, pressured local officials to waive permitting requirements so people can immediately rebuild, pledging that federal permits would be granted promptly.

Instead of having federal financial assistance flow through FEMA, the Republican president said Washington could provide money directly to the states. He made the comments while visiting North Carolina, which is still recovering months after Hurricane Helene, on the first trip of his second term.

“FEMA has been a very big disappointment," the Republican president said. “It's very bureaucratic. And it's very slow." Trump was greeted in California by Gov Gavin Newsom, a Trump critic whom the president frequently disparages. The duo chatted amiably and gestured toward cooperation despite their bitter history.

“We're going to need your support. We're going to need your help,” Newsom told Trump. “You were there for us during COVID. I don't forget that, and I have all the expectations we'll be able to work together to get a speedy recovery.” Newsom has praised Trump before when looking for help from the federal government. In the early months of the coronavirus pandemic, he called Trump “thoughtful” and “collaborative.” Trump flew over several devastated neighborhoods in Marine One, the presidential helicopter, before landing in Pacific Palisades, a hard-hit community that's home to some of Southern California's rich and famous. Accompanied by first lady Melania Trump, he walked a street where all the houses have burned, chatting with residents and police officers.

It takes seeing the damage firsthand to grasp its enormity, Trump said after. The fires, which continue to burn, could end up being the costliest natural disasters in U.S. history.

“It is devastation. It really is an incineration," Trump said.

Trump's brief but friendly interaction with Newsom belied the confrontational stance he signaled toward California earlier in the day. Even on the plane en route to Los Angeles, White House press secretary Karoline Leavitt was using Trump's disparaging nickname for the governor, “Newscum,” and telling reporters “he has wronged the people of his state” and saying Trump was visiting to pressure Newsom and other officials “to do right by their citizens.” Trump said Los Angeles residents who lost their homes should be able to get back onto their properties immediately to clear them, adding several told him it will be months before they can rebuild.

Mayor Karen Bass said residents should be able to return home within the week, but keeping people safe from hazardous materials is a top priority. She said the city was easing the process to get permits, but she was repeatedly interrupted by Trump as she tried to explain the city's efforts. He downplayed the concerns about toxins, saying: “What's hazardous waste? We're going to have to define that.” Trump has a long history of minimizing the risks of asbestos. In his 1997 book, “The Art of the Comeback,” Trump called asbestos “the greatest fireproofing material ever used” and “100% safe, once applied,” and claimed the movement against the insulator was led by the mob, “because it was often mob-related companies that would do the asbestos removal.” Before flying to California, Trump reiterated that he wants to extract concessions from the Democratic-led state in return for disaster assistance, including changes to water policies and requirements that voters need to show identification when casting ballots.

Beyond Trump's criticism of FEMA, he's suggested limiting the federal government's role in responding to disasters, echoing comments from conservative allies who have proposed reducing funding and responsibility.

“I'd like to see the states take care of disasters,” he said in North Carolina. “Let the state take care of the tornadoes and the hurricanes and all of the other things that happen.” Trump said Michael Whatley, a North Carolina native and chair of the Republican National Committee, would help coordinate recovery efforts in the state, where frustrations over the federal response have lingered. Although Whatley does not hold an official government position, Trump said he would be “very much in charge.” FEMA helps respond to disasters when local leaders request a presidential emergency declaration, a signal that the damage is beyond the state's ability to handle on its own. FEMA can reimburse governments for recovery efforts such as debris removal, and it gives stopgap financial assistance to individual residents.

Trump has criticized former President Joe Biden for his administration's response to Helene in North Carolina. As he left the White House on Friday morning, he told reporters that “it's been a horrible thing the way that's been allowed to fester” since the storm hit in September, and “we're going to get it fixed up.” In a small town in western North Carolina, residents told Trump about wading through waist-deep water to escape from their homes while fearing for their lives. Some have battled with insurance companies to get their losses covered.

“We've come to North Carolina with a simple message," Trump said. “You are not forgotten any longer. You were treated very badly by the previous administration.” FEMA has distributed $319 million in financial assistance to residents, but that hasn't alleviated the feeling of abandonment among residents who are struggling to rebuild their lives.

Trump has showered California leaders with disdain for water policies that he falsely claimed worsened the recent blazes. He said he would “take a look at a fire that could have been put out if they let the water flow, but they didn't let the water flow.” In Los Angeles, he met with members of Congress and local officials from both parties in a meeting that was at times contentious.

Michael Coen, who served as chief of staff at FEMA during the Biden administration, said Trump was “misinformed” about an agency that provides critical help to states when they are overwhelmed by catastrophe.

In addition, Coen criticized the idea of attaching strings to assistance. "I think the American people expect the federal government will be there for them on their worst day, no matter where they live,” he said.

Trump tapped Cameron Hamilton, a former Navy SEAL with limited experience managing natural disasters, as FEMA's acting director.

Friday's trip could prompt some uncomfortable conversations about climate change, which Trump has played down and denied. Both Helene and the Los Angeles wildfires were exacerbated by global warming.

In Helene's case, a study by international climate scientists at World Weather Attribution found that climate change boosted the storm's rainfall by 10%. In California, the state suffered a record dry fall and winter — its traditional wet season — which made the area around Los Angeles more vulnerable to blazes.

“This is just breaking our comfort zone of what is supposed to be normal,” said University of Oregon researcher Amanda Stasiewicz.

After visiting North Carolina and California, Trump plans to hold a rally Saturday in Las Vegas. (AP) NSA NSA

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