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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
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August 7, 2026
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Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
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.

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BJP CMs hail Budget as 'milestone' for Viksit Bharat; nothing on jobs, inflation, say oppn leaders

February 1, 2025

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Lucknow/Shimla, Feb 1 (PTI) Chief ministers of states BJP-ruled states in Uttar Pradesh, Haryana, Uttarakhand and Rajasthan hailed the Union Budget announced on Saturday as a milestone in creating a "self-reliant" and "developed" India.

The reaction by leaders of opposition-ruled states was rather mixed, with Himachal Pradesh Chief Minister saying the Budget fails to address concerns regarding unemployment, poverty and inflation while the National Conference, the ruling party in Jammu and Kashmir, said the announcements made by Finance Minister Nirmala Sitharaman were "balanced".

In a series of posts on X in Hindi, UP Chief Minister Yogi Adityanath lauded the move to make income up to Rs 12 lakh tax-free, saying it will improve the lifestyle of the middle-class.

Adityanath said the Budget "will prove to be a milestone in accomplishing the goal of Viksit Bharat".

He lauded the decision to provide term loan up to Rs 2 crore to 5 lakh women, SC/ST entrepreneurs in the next 5 years. He said crores of youth will get new opportunities when the Centre of Excellence of Skilling' and 'Centre of Excellence in AI for Education' are established.

Kisan Credit Card loan limit was raised from Rs 3 lakh to Rs 5 lakh, which will help farmers in the country, the UP CM said.

Deputy chief ministers Keshav Prasad Maurya and Brajesh Pathak also praised the Budget, saying it will benefit the poor, youth, farmers and women, while it also focuses on tax exemption and infrastructure development.

Former deputy CM of UP and Rajya Sabha MP Dinesh Sharma said the Union Budget 2025-26 is "a booster" of policies and schemes to the economy that will "make India a world superpower".

UP BJP chief Bhupendra Singh Chaudhary said the Budget will "make the poor, youth, farmers and women economically strong" and will prove helpful in achieving the goal of Viksit Bharat.

Samajwadi Party chief Akhilesh Yadav said the Budget provides no plan to reduce inflation or unemployment and makes no announcement on the legal right on Minimum Support Price (MSP) on crops or loan waivers for farmers.

Yadav said the BJP government is misleading the common people through false figures and is "silent" in the Budget on the "faulty" GST.

"The government is also showing false hopes to the middle class. It is looting the people through other means. The government, which is making noise about the economy all over the world, is not able to organise a Kumbh in a safe manner," he said. A stampede at the Maha Kumbh killed at least 30 and injured 60 people.

Rajasthan Chief Minister Bhajanlal Sharma said he believes the Budget's focus on "Make for World" will help make the country "a global economic power". Sharma highlighted the Budget's emphasis on balanced and inclusive development, noting significant relief provided to the middle class, economic support for farmers, and strengthened provisions for the MSME sector.

BJP state president Madan Rathore hailed the Union Budget as a boon for the middle class, particularly due to the income tax exemption on income up to Rs 12 lakh. He believes the Budget will be a milestone for the welfare and upliftment of people and will significantly contribute to a developed India.

State Congress chief Govind Singh Dotasra said the Budget failed to address the needs of the common people in Rajasthan and only benefits capitalist "friends" of the government which will widen the gap between the rich and poor.

Chief Minister Nayab Singh Saini said Haryana being an agriculture-based state will greatly benefit from the Budget. "The loan limit on the Kisan Credit Card has been increased from Rs 3 lakh to Rs 5 lakh. In addition, 100 districts with low agricultural productivity will be prioritised under the 'Dhan Dhanya Krishi Yojana'," he said praising the Budget.

Saini said the 5-year mission to boost cotton production will strengthen the textile industry. Loan limit has been increased from Rs 10 crore to Rs 20 crore for start-ups, while the loan guarantee cover for the the MSME sector has been raised from Rs 5 crore to Rs 10 crore, he said.

The Haryana CM added that the Budget includes significant announcements for the education and health sectors.

Former chief minister and Congress leader Bhupinder Singh Hooda slammed the Budget, saying it provides no roadmap for job creation or reducing inflation.

He said there were no announcements for farmers and there was no mention of a guarantee on MSP on farm produce.

Congress leader and Sirsa MP Kumari Selja said the Budget lacks bold reforms and is "a budget of promises" without concrete implementation plans.

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said the Budget fails to address critical issues of unemployment, rising prices, and growing inequality. It also fails to expand rail network in Himachal Pradesh, which was essential for economic growth in the state.

He said tough conditions are attached to interest-free loans given to states for capital expenditure making it difficult for small states like Himachal Pradesh.

"It's an anti-poor budget and not futuristic. It is a total opportunistic budget," he added.

Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday welcomed the Union Budget, saying it has given a big relief to the middle class by exempting annual income of up to Rs 12 lakh from income tax. He said Uttarakhand will get direct and indirect benefits from the many schemes announced.

Dhami said the Budget incorporates Uttarakhand's request for setting up a Centre of Excellence for Artificial Intelligence (AI) and Cyber Security in the state. The government has announced five National Centres of Excellence in the country and 50,000 Atal Tinkering Labs in government schools, he said.

The CM said Uttarakhand will also benefit from the extension of the Udan scheme in 120 more cities across the country. Medical services will expand in the state by setting up cancer centres in all districts of the country over the next 3 years, he said.

The ruling National Conference in J-K said the Union Budget looks balanced and exempting income tax up to Rs 12 lakh was "a good thing".

National Conference chief spokesman Tanvir Sadiq said he would expect J-K would be part of the 50 new tourism destinations and the medical tourism initiative announced in the Budget.

People's Conference president Sajad Lone, however, said there was not much in the Budget for Jammu and Kashmir, adding that allocation has been reduced by Rs 1,000 crore.

PDP spokesman Iqbal Tramboo said the Budget by the finance minister was "only a jugglery of words". There was not "even a mention of Jammu and Kashmir in the Budget", he said.

The Congress unit in J-K said the Budget was more focused on Bihar and election-bound Delhi for "political considerations". J-K Congress chief Tariq Hameed Karra said except for a "long-overdue minor relief" for the salaried class in the income tax slabs, Karra said there was no relief for the rest.

Karra added that there was no announcement on increasing the income or savings of people by providing alternate means of earning.

J-K BJP chief Sat Sharma said the "people-friendly" Budget has taken care of all sections of the society. PTI COR NAV CDN CHS AG ALM MIJ TAS SKY SKY

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