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    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
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
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    Show All SummariesHide All Summaries
    August 6, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 6, 2026
    Show AI Summary
    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
    Show AI Summary
    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
    Show AI Summary
    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.

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      Trump signs order that likely sets in motion a future ban on transgender troops

      January 28, 2025

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      Washington, Jan 28 (AP) President Donald Trump signed an executive order Monday directing Defence Secretary Pete Hegseth to revise the Pentagon's policy on transgender troops, likely setting in motion a future ban on their military service.

      He also ordered troops to be reinstated who had been booted for refusing COVID-19 vaccines, outlined new rollbacks in diversity programs and provided for the deployment of a space-based missile defense shield for the US just after Hegseth began his first day on the job.

      Both Trump and Hegseth had described parts of the anticipated orders throughout the day, but the exact language did not drop until late Monday evening.

      Transgender order A transgender ban had been widely expected, and the order Trump signed largely sets in motion a future ban — but directs Hegseth to come up with how that would be implemented in policy.

      In his order, Trump claimed that service by troops who identify as a gender other than their biological one “conflicts with a soldier's commitment to an honourable, truthful, and disciplined lifestyle, even in one's personal life” and is harmful to military readiness, requiring a revised policy to address the matter.

      Trump had tried to impose a ban on transgender troops during his first term, but it was tangled up in the courts for years before being overturned by then-President Joe Biden shortly after he took office.

      Lawyers for transgender troops who challenged the ban in the courts during Trump's first term have already pledged to fight the new ban.

      Space-based missile defence During his first term in office Trump established US Space Command and the US Space Force, which just marked its fifth birthday. Space continues to be a priority for the president, who has now directed the Pentagon to begin to develop the capability to shoot down missiles from space.

      For years the US has cautioned that China, Russia and others were weaponizing space. It has at times declassified information about both countries' efforts to create offensive weapons to disable critical US satellites, including the capability to move satellites from orbit, temporarily blind them or potentially even destroy them. The Space Force is in the process of building a low-orbit ring of redundant satellites that can more quickly track and detect potential missile launches.

      But establishing a way to shoot missiles down from space is something the US has not considered since President Ronald Reagan announced the Strategic Defense Initiative — “Star Wars” as it was commonly known — in the 1980s. The system was never developed due to cost and technological limitations.

      In his order late Monday called “an Iron Dome for America,” Trump called for a multi-layer missile defense system capable of countering an array of threats to the US, to include development and deployment of space-based interceptors.

      COVID-19 vaccination At least 8,200 troops were forced out of the military in 2021 for refusing to obey a lawful order when they declined to get the vaccine. Notices advising them they could return were sent out in 2023, but just 113 have reenlisted.

      The reinstatement process for those ousted for refusing the vaccine requires that they meet military entry standards, unless Trump opts to change that. He and Hegseth, however, have persistently stated that the military must not reduce standards.

      ?We will offer full reinstatement to any service member who was expelled from the armed forces due to the COVID vaccine mandate,” Trump told a Republican crowd at the Trump National Doral Miami, a resort he owns. “And we will restore them to their former rank with full pay. ? The order isn't expected to have a major impact on the number of service members returning. But it could take a bite out of the budget if more do now, since it requires back pay.

      They would have to meet weight, fitness, medical and other requirements, and they could be refused if they now have a criminal record or other disqualifying factor. Officers would have to get recommissioned, which is a simple appointment process.

      According to the services, 3,748 Marines were discharged, and 25 have opted to re-enlist; 1,903 Army soldiers were discharged, and 73 returned; 1,878 sailors were discharged and two returned; 671 airmen were discharged and 13 returned.

      The Pentagon made the COVID-19 vaccine mandatory in August 2021 for all service members, including the National Guard and Reserve. At that time, the pandemic was still killing and sickening tens of thousands around the country, and troops were being used to help get people vaccinated.

      Then-Defence Secretary Lloyd Austin said getting the vaccine was critical to maintaining a heathy, ready force that could be prepared to defend the nation. The Pentagon formally dropped the mandate in January 2023, as a result of legislation signed into law.

      Defense officials said then that many troops appeared to use the vaccine mandate as a way to quickly and easily to get out of their service obligations. And officials on Monday said many of those service members had gotten new jobs and moved on with their lives, and didn't want to reenlist.

      DEI initiatives Trump also, as expected, issued a sweeping order to abolish all programs, initiatives and mentions of diversity, equity and inclusion across the Defense Department and the Coast Guard, which is governed by the Department of Homeland Security.

      The order looks to scrub “any vestiges” of such initiatives that seek to “promote a race-based preferences system that subverts meritocracy, perpetuates unconstitutional discrimination, and promotes divisive concepts or gender ideology.” It prohibits the departments from promoting or following “un-American” theories that suggest that America's founding documents are racist or sexist; that discuss gender ideology; and that promote “divisive concepts” such as “race or sex stereotyping.” The order says the defense and homeland security secretaries must issue guidance to implement the order in 30 days. It calls for a review to find any instances of actions taken in pursuit of DEI, which will be due to the defense secretary in 90 days.

      The secretaries must submit a report to the White House in six months outlining their progress.

      The Pentagon had already been taking steps to comply with his initial DEI ban, and it has had far-reaching consequences. Without clearer direction, agencies have been taking a broad approach to removing any content that seemed to run afoul of Trump's ban.

      That temporarily included videos of the storied Tuskegee Airmen and World War II Women's Airforce Service Pilots, or WASPs, which were part of DEI training courses for the Air Force's basic military training. Videos on both the Tuskegee Airmen and WASPs were removed as the courses were taken down last week, causing an uproar.

      WASPs were vital in ferrying warplanes for the military. The Tuskegee Airmen were the nation's first Black military pilots, serving in a segregated WWII unit, and their all-Black 332nd Fighter Group had one of the lowest loss records of all the bomber escorts in the war.

      On Sunday, the Air Force clarified that the DEI courses had been removed to be edited but that the Tuskegee Airmen and WASP content would continue to be taught.

      “The revised training which focuses on the documented historic legacy and decorated valor with which these units and Airmen fought for our Nation in World War II and beyond will continue on 27 January,” the Air Force said in a statement.

      Hegseth didn't mention the issue as he walked into the Pentagon Monday morning accompanied by Gen. CQ Brown Jr., chairman of the Joint Chiefs of Staff. But in other comments, Hegseth said that “military training will be focused on the readiness of what our troops in the field need to deter our enemies.” Hegseth is also continuing to focus on the border, and told reporters gathered on the steps of the Pentagon that “whatever is needed at the border will be provided,” using active-duty, National Guard and state-activated Guard troops.

      Hegseth was approved by the Senate Friday night in a tie vote that had to be broken by Vice President JD Vance. (AP) AMS

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