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    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
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
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    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
    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
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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.
    August 6, 2026
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    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.

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      Amazon's advocates fear Trump's return means little US help to protect rainforest

      January 28, 2025

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      Bogota (Colombia), Jan 28 (AP) Alexis Damancio Silva can't forget the hardship in his town of Puerto Narino in far southern Colombia last year when extreme drought nearly dried up the Amazon River. Pink dolphins and fish died. Crops dried up. The town lost its easy access to markets.

      Silva is hopeful the US would help fund projects that could make Indigenous communities like his more resilient - solar panels for energy to refrigerate fish, for example, or cisterns to catch precious rain water.

      “We ask the government of President Trump...to send us resources,” to help the region's Indigenous people, he said in a Zoom interview with The Associated Press. Little comes from the state, he said.

      Environmental groups say that's unlikely to happen, and that was even before Trump froze new funding for almost all US foreign assistance.

      They fear Donald Trump's second administration will bring nothing good for the Amazon rainforest. Besides Trump's Day 1 move to withdraw from the Paris climate agreement, they fear he'll cut US funding for policing that has targeted illegal logging, mining and other things that have damaged the rainforest. They also worry he will back right-wing politicians who favour aggressive development in the Amazon, which is critical for storing carbon dioxide that would otherwise warm the planet.

      “The implications of the Trump administration for the Amazon rainforest range from very concerning to horrifying,” said Andrew Miller, advocacy director of nonprofit Amazon Watch.

      Trump's first week back in office was loaded with executive orders that prioritised fossil fuels, including declaring an energy emergency in the US and his intent to sweep aside barriers to developing oil and gas. They've also been wrapped in an “America First” message that doesn't fit with expansive foreign aid.

      On Sunday, he swiftly faced down Colombia President Gustavo Petro on Sunday by threatening steep tariffs after Petro refused to allow military planes carrying deported migrants to land in Colombia. Trump's plans to play hardball in the region were evident weeks ago when he suggested he could use military force to take control of the Panama Canal.

      Miller said his organisation had advised its partners “to assume the Trump administration priorities will not include climate, environmental or Indigenous rights programmes.” In Trump's first term, US Agency for International Development's budget ranged from about $17 billion to $27 billion annually, with significant proposed cuts that were often moderated by Congress. Under President Joe Biden, USAID's budget rose to $30.5 billion in 2024, with a focus on global health, climate action, humanitarian aid, and promoting democracy. The new administration said the aid freeze would be in place for 90 days as it considers which programmes to keep.

      In Brazil, home to around 60% of the Amazon, organised crime like logging and drug trafficking thrived under the far-right presidency of Jair Bolsonaro, with severe environmental consequences. President Luiz Inácio Lula da Silva made the protection of the Amazon a central priority when he took office in 2023.

      Brazil's environment minister, Marina Silva, told the AP that Trump's return poses a significant test for US democracy and international institutions, and that as the world's second-largest emitter of greenhouse gases, it is “crucial” the US fulfil its responsibilities.

      She sees some hope, saying the world has much stronger climate governance nowadays in the face of the climate crisis.

      “This doesn't mean we'll have an easy time with Trump in office, quite the opposite,” Marina Silva said. “We just have to acknowledge that we´re already seeing some companies and leaders... abandoning or loosening commitments made previously.” Since Trump's election, several major US banks have withdrawn from a network aimed at lending practices that square with a global commitment to reduced emissions.

      Silva said it's important for countries to keep “reaffirming the size of the climate challenges” and showing how to overcome them. “Reality needs to take precedence over President Trump's well-known denialist rhetoric,” she said.

      The Trump administration did not respond to messages seeking comment.

      Support for pro-development politicians? Development in the Amazon is a polarising issue in Brazil. Lawmakers who support it focus on economic growth, job creation, and infrastructure. More liberal lawmakers, environmentalists and Indigenous rights groups oppose it over damage to the environment and impacts on people who live in the forest.

      Lula has had some success in clamping down on illegal logging, mining, drug trafficking, and conversion of land for agriculture. That came with support from Biden, who in November became the first US president to visit the Amazon and pledged $50 million to the Amazon Fund, which raises money to protect the Amazon rainforest. Much of that money went toward increased policing in the region.

      Carlos Nobre, a Brazilian climate scientist and leading researcher studying the Amazon rainforest, said he didn't see Trump continuing that commitment. He also said he is concerned about Trump's past support for Bolsonaro, and expected him to again boost right-wing politicians.

      Though Bolsonaro is prohibited from running for office until 2030, his son Eduardo is a potential presidential candidate next year and Brazil's National Congress has plenty of members who favour Amazonian development.

      Jair Bolsonaro, who has supported Trump's false claims of a stolen 2020 election, tried to attend his inauguration but wasn't allowed to leave Brazil to attend. Eduardo Bolsonaro did attend.

      Miller expected Trump to tilt toward “extreme right-wing candidates” who offer him praise, boosting them in elections.

      "Their policies, should they be elected, will spell disaster for the Amazon rainforest in the foreseeable future," Miller said. “Trump 2.0 will offer Amazonian governments a permission structure to ignore or walk back climate commitments, precisely at the moment when protection of the rainforest demands greater ambition and regional coordination.” Miller is most concerned about US support for multilateral human rights mechanisms like the Inter-American Commission on Human Rights and the United Nations Office of the High Commissioner for Human Rights.

      “Both are important for the protection of threatened Amazon community leaders and environmental defenders," he said.

      Funding cuts and multinational cooperation John Walsh, director for drug policy and the Andes at the Washington Office on Latin America, said funding cuts are his major concern after policy.

      “We can expect steep cuts if not entire elimination of US foreign aid that was directed towards climate mitigation and adaptation globally,” Walsh said. “That's matched by the incoming administration's focus on how to cut the federal budget in ways that will fall almost entirely on discretionary programmes that don't have solid constituencies domestically." Trump was generally sceptical of multinational cooperation in his first term, preferring a more unilateral approach to foreign policy with his administration often prioritising US interests over international agreements or collaborations.

      "For an issue like climate change, that is a collective action problem ... and for the world's largest economy and historically the largest emitter of carbon dioxide to absent itself from that ... is significant," Walsh said. (AP) SCY SCY

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