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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
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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.
    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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      Donations to UNRWA USA have spiked since start of war in Gaza

      January 31, 2025

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      Washington, Jan 31 (AP) Support has surged for the US nonprofit that raises money for UNRWA, the UN agency that serves Palestinian refugees, since the start of the war in Gaza. That is despite the US government cutting off funding for UNRWA and accusations from Israel that it supports Hamas.

      Giving to nonprofits is one way Americans have reacted to the war that broke out on October 7, 2023 when Hamas-led militants attacked Israeli communities on the other side of the Gaza border wall, killing 1,200 people and taking 250 hostages.

      With the recent ceasefire, the work of humanitarian organisations like UNRWA is kicking into high gear. However, a new Israeli law cutting ties with the organisation could greatly hinder its ability to operate in Gaza and the West Bank. It's unclear how it would be replaced if forced to close.

      Supporters of Israel have also seen a surge in donations for what they say will be a lengthy rehabilitation and reconstruction process there as well.

      Some 139,000 people have given to UNRWA USA since October 2023, said Mara Kronenfeld, its executive director, a huge jump from the 7,000 people it counted among its donor base before the current war. Those donors, and some institutional funders, gave USD 32 million in 2023 and she expects the total raised in 2024 to reach over USD 51 million.

      Previously, the nonprofit raised around USD 4 million annually, she said. UNRWA USA is a separate but affiliated nonprofit that supports UNRWA's mission through advocacy and fundraising.

      UNRWA has been the main agency providing humanitarian aid to Palestinians in Gaza, though Israel has accused it of employing hundreds of militants and allowing Hamas to operate out of its schools and other facilities. UNRWA denies those accusations. It fired several employees suspected of taking part in the October 7 attack.

      It's hard to provide an overall view of US donors' response to the war. Typically, there is a lag of more than a year before researchers can access the grant information that nonprofit organisations report on their tax forms.

      Polarised responses to the war among the public likely also deter some donors and organisations from publicising their support. That stands in contrast with Russia's invasion of Ukraine in 2022, when researchers tracked philanthropic contributions.

      Donors to UNRWA USA who spoke with The Associated Press expressed dismay with US policy, which has staunchly backed Israel with both weapons and diplomatic cover. Other donors have poured funds into nonprofits that support organisations in Israel, providing services for displaced people, mental health support and money to rebuild.

      The US had been the UNRWA's largest funder, sending USD 422 million in 2023 and USD 343 million in 2022. The funds raised by UNRWA USA certainly do not replace the amount withheld by the US government, Kronenfeld said, but she sees the donations from individuals as evidence that people have not given up hope trying to save lives in Gaza.

      “The American people really stepped up. They stepped up to provide essential, lifesaving, critical humanitarian support when our government stepped aside,” Kronenfeld said.

      In the initial weeks after the October 7 attack, the Jewish Federations of North America tapped its network with a campaign to raise USD 500 million.

      It surpassed that goal, raising USD 862 million by the end of 2024. The federations immediately started moving money to benefit survivors of the Hamas attack and Israelis displaced by the war and have allocated USD 707 million so far to organisations in Israel.

      Eric Fingerhut, the CEO and president of the foundations, said his donors have also travelled to Israel to communicate support with their presence and cited an instance when the federation talked with farming communities that were attacked.

      They needed millions to replace farming equipment that militants had burned and the federations were able to tell them, “Don't worry about the money, we'll take care of it,” Fingerhut said.

      Donors more than doubled the amount they gave to P.E.F Israel Endowment Fund, which facilitates donations to Israeli charities. In the 12 months after the war broke out, the fund gave out USD 330 million, up from the USD 160 million it typically had granted out annually, said Geoffrey Stern, its president.

      When asked about the surge in support for UNRWA USA, Stern said, “There is tragedy, there is hurt and pain, there is need on both sides of the conflict.” The vast majority of humanitarian funding comes from governments or multilateral organisations like the United Nations. But Patricia McIlreavy, president and CEO of the Centre for Disaster Philanthropy, said the support individual donors give to humanitarian organisations is very important.

      “I don't think you would find a humanitarian organisation that didn't wish that they had more flexible funding from private sources,” she said.

      Philanthropic funds from small donors or foundations can plug budget gaps, allow for innovation and help organizations operating in dangerous environments to keep their workers safe, she said.

      Last summer, Riley Brookshire, who lives near San Francisco, raised more than USD 2,100 through a crowdfunding campaign for UNRWA USA, mostly from his friends and other people he knew. It was his first time donating to the organisation.

      Over about a month, he biked more than 40 miles a day after he got off work, logging almost 1,270 miles. He called the fundraiser, “No brakes for Palestine,” in reference to the fixed gear bike he rode, which has no gears and no brakes.

      “Cycling is not apolitical,” Brookshire said.

      He was moved to start the fundraiser in part by posts he saw online from the war, which has now killed more than 47,000 Palestinians in Gaza, according to local health authorities.

      Brookshire said that he wanted to do something more than going to protests and calling his representatives, but he had doubts along the way about whether the fundraiser was working.

      “It was the early nights like that when some of the donations were kind of small at the beginning where I was like, What the hell am I doing? This might be futile. I know that I want to help. Maybe this isn't an effective way to do it,'” he said.

      After posting screenshots of his daily ride to the fundraiser for about two weeks, donations started to pick up. He said he felt a lot of gratitude to his friends who helped him reach his goal of first USD 1,200 and then, USD 2,000. But he also said the money was a drop in the bucket.

      “There's a weird contradiction there, right?" Brookshire said. "If you do something, it's not going to help very much. But if you don't do anything, then you're not helping at all.” McIlreavy said across the board, humanitarian responses to conflicts are underfunded even as the number of conflicts and displaced people have grown. Her advice for donors is not to expect that that their gift will solve a conflict or totally restore a community that's been hit by disaster.

      “We need to get more comfortable with saying, I don't need to be there for everything, but doing something is better than nothing,'” she said. (AP) GSP

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