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    Government and RBI Strengthen Digital Lending Ecosystem Through New Regulatory Framework, Digital Lending App Directory and Enhanced Customer Safeguar...
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    July 21, 2026
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    Digital lending safeguards require verified app associations, responsible recovery, data privacy, grievance redressal and reporting channels against illegal loan apps.
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    July 21, 2026
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    Authorised Dealer Category-II remittances expand to specified trade and family-maintenance payments under the revised FEMA framework.
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    July 21, 2026
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    Foreign investment regulation: Draft rules propose simpler, principle-based compliance and clearer separation of procedural requirements from investment policy.
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    July 21, 2026
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    Prepaid payment instrument programme adds mobility and gift card capabilities with digital servicing subject to applicable programme conditions.
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    July 21, 2026
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    Free trade agreements and e-commerce export reforms expand preferential market access, address non-tariff barriers, and support small exporters.
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    Production Linked Incentive Schemes strengthen domestic manufacturing through investment support, export growth, employment generation, monitoring and eligibility reforms.
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    July 21, 2026
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    Separate corporate insolvency processes remain contested over foreign asset treatment, specialised resolution needs, and creditors' commercial decision-making.
    Separate corporate insolvency resolution processes for VIL and VOVL are disputed following reversal of an earlier consolidation direction. Independent processes were preferred because the entities operate in distinct sectors and may require specialised resolution, while creditors' choice was treated as commercial wisdom not ordinarily open to tribunal interference. The dispute also concerns whether foreign oil and gas assets should be treated as VIL assets, against the background of VIL's conversion from co-obligor to corporate guarantor to ring-fence those assets from domestic business liabilities.
    July 21, 2026
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    Drone technology collaboration promotes joint manufacturing, technology transfer, rural entrepreneurship and global market access through an integrated industrial ecosystem.
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    July 21, 2026
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    WTO trade policy review will assess India's trade measures, transparency framework, reforms, and responses to member questions.
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    July 21, 2026
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    Fisheries subsidy disciplines promote sustainable marine resource use while excluding aquaculture and inland fisheries from their scope.
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    Revised Index of Core Industries adopts a new base year, adds iron ore, and revises sector measurement methodology.
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    July 21, 2026
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    July 21, 2026
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    Trade tariffs on Canadian goods target alleged discrimination against American automobiles, alcohol and dairy products under trade law.
    United States trade action imposes tariffs on most Canadian goods, citing alleged discriminatory treatment of American automobiles, alcoholic beverages and dairy products. The measures apply to goods previously protected under the United States-Mexico-Canada Agreement, subject to exclusions for energy products, potash, fish and critical minerals. The stated grounds include Canadian retaliatory tariffs, restrictions on American alcohol sales, treatment of dairy imports, and tariffs on certain United States motor vehicles outside preferential trade treatment.
    July 20, 2026
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    Foreign exchange market movement saw rupee depreciation amid geopolitical risk, higher crude prices, stronger dollar conditions and equity outflows.
    Foreign exchange market movement saw the rupee depreciate by 6 paise to close at 96.36 against the US dollar, amid global risk aversion, higher crude oil prices, escalating US-Iran tensions and rising US Treasury yields. Market commentary indicated that anticipated Reserve Bank of India intervention could limit further downside. The report also noted a stronger dollar index, domestic equity-market declines, foreign institutional equity outflows, and an increase in India's foreign exchange reserves.
    July 20, 2026
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    Concessional foreign-exchange swaps incentivise fresh FCNR(B) deposits and foreign borrowings to strengthen balance-of-payments liquidity.
    The concessional foreign-exchange swap facility incentivises fresh FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings to strengthen the balance of payments and support foreign-exchange liquidity. Its availability is time-limited, with FCNR(B) deposits eligible until September 2026 and OFCB and ECB inflows eligible until December 2026. Reported inflows were primarily mobilised through FCNR(B) deposits.
    July 20, 2026
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    Geographical indication recognition protects traditional product identity while supporting rural entrepreneurship, quality maintenance, digital access and artisan market opportunities.
    Geographical Indication recognition is being pursued for additional traditional products from Jharkhand to protect product identity and expand protected regional products. GI recognition supports cultural heritage, rural entrepreneurship and market access for artisans and primary producers. Post-registration measures emphasise product-quality maintenance and digital e-commerce access, alongside skill development, marketing initiatives, rural haats and support for non-farm sectors.
    July 20, 2026
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    Banking sector earnings concerns and geopolitical tensions pressured benchmark equities, while broader markets and selected defensive sectors gained.
    Indian benchmark equity indices declined following heavy selling in major private-sector banking shares amid concerns over weaker net interest margins and quarterly earnings. Banking and financial sector indices were the principal laggards. Renewed United States-Iran tensions, crude-oil concerns, global market weakness and reported foreign institutional investor equity sales added to investor caution. Broader domestic market indices nevertheless closed higher, with selected defensive and infrastructure-linked sectors recording gains.
    July 20, 2026
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    Internal Ombudsman independence strengthens fair customer grievance resolution, prevents escalation, and drives institutional learning from recurring complaint patterns.
    Internal Ombudsmen should independently review qualifying customer grievances to ensure fair, reasonable and timely internal resolution rather than mechanically affirming earlier decisions. Regulated entities should prevent eligible complaints from bypassing Internal Ombudsman review and should assess redress by the quality, transparency and fairness of outcomes, not merely complaint closure. Complaint patterns should be used for root cause analysis and institutional improvements, with Boards and senior management empowering Internal Ombudsmen and treating complaint trends as early-warning information. Technology may support analytics and faster processes but cannot replace judgment, empathy and impartiality.
    July 20, 2026
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    UPI security framework mandates advanced controls, alongside risk-based limits and authentication safeguards to strengthen payment ecosystem resilience.
    Unified Payments Interface is an NPCI-operated payment system authorised under the Payment and Settlement Systems Act, 2007. Cross-border UPI arrangements facilitate person-to-person remittances and person-to-merchant payments through partner institutions in multiple countries. Security measures include risk-based transaction limits, safeguards against unauthorised mobile-number changes and misuse of SMS-based authentication, and enhanced application-security requirements. The Comprehensive UPI Information Security Framework 2025 and Mobile Application Security Framework mandate advanced controls to strengthen UPI ecosystem safety and resilience.
    July 20, 2026
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    Fintech consumer protection strengthens payment security, data safeguards, innovation testing, fraud monitoring, cybercrime reporting, and public awareness mechanisms.
    Fintech regulation and consumer protection are being strengthened through self-regulatory standards, digital payment security controls, personal-data safeguards, regulatory sandbox testing, and cyber-fraud reporting mechanisms. The FinTech self-regulatory organisation framework promotes ethical conduct, market integrity, dispute resolution, transparency, and accountability. Banks must maintain minimum security controls for payment channels, supported by AI and machine-learning fraud monitoring for UPI transactions. Citizens may report cyber incidents and illegal loan apps through designated reporting channels, alongside awareness initiatives on fraud prevention and risk mitigation.

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      WHO chief asks countries to push Washington to reconsider its withdrawal

      February 3, 2025

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      Geneva, Feb 3 (AP) The World Health Organisation chief asked global leaders to lean on Washington to reverse President Donald Trump's decision to withdraw from the UN health agency, insisting in a closed-door meeting with diplomats last week that the US will miss out on critical information about global disease outbreaks.

      But countries also pressed WHO at a key budget meeting last Wednesday about how it might cope with the exit of its biggest donor, according to internal meeting materials obtained by The Associated Press. A German envoy, Bjorn Kummel, warned: “The roof is on fire, and we need to stop the fire as soon as possible.” For 2024-2025, the US is WHO's biggest donor by far, putting in an estimated $988 million, roughly 14% of WHO's $6.9 billion budget.

      A budget document presented at the meeting showed WHO's health emergencies program has a “heavy reliance” on American cash. “Readiness functions” in WHO's Europe office were more than 80% reliant on the $154 million the US contributes.

      The document said US funding “provides the backbone of many of WHO's large-scale emergency operations,” covering up to 40%. It said responses in the Middle East, Ukraine and Sudan were at risk, in addition to hundreds of millions of dollars lost by polio-eradication and HIV programs.

      The US also covers 95% of WHO's tuberculosis work in Europe and more than 60% of TB efforts in Africa, the Western Pacific and at the agency headquarters in Geneva, the document said.

      At a separate private meeting on the impact of the U.S. exit last Wednesday, WHO finance director George Kyriacou said if the agency spends at its current rate, the organization would “be very much in a hand-to-mouth type situation when it comes to our cash flows” in the first half of 2026. He added the current rate of spending is “something we're not going to do," according to a recording obtained by the AP.

      Since Trump's executive order, WHO has attempted to withdraw funds from the US for past expenses, Kyriacou said, but most of those “have not been accepted.” The US also has yet to settle its owed contributions to WHO for 2024, pushing the agency into a deficit, he added.

      WHO's leader wants to bring back the US Last week, officials at the U.S. Centers for Disease Control and Prevention were instructed to stop working with WHO immediately.

      WHO Director-General Tedros Adhanom Ghebreyesus told the attendees at the budget meeting that the agency is still providing U.S. scientists with some data — though it isn't known what data.

      “We continue to give them information because they need it,” Tedros said, urging member countries to contact U.S officials. “We would appreciate it if you continue to push and reach out to them to reconsider.” Among other health crises, WHO is currently working to stop outbreaks of Marburg virus in Tanzania, Ebola in Uganda and mpox in Congo.

      Tedros rebutted Trump's three stated reasons for leaving the agency in the executive order signed on Jan. 20 — Trump's first day back in office. In the order, the president said WHO mishandled the COVID-19 pandemic that began in China, failed to adopt needed reforms and that U.S. membership required “unfairly onerous payments." Tedros said WHO alerted the world in January 2020 about the potential dangers of the coronavirus and has made dozens of reforms since — including efforts to expand its donor base.

      Tedros also said he believed the U.S. departure was “not about the money” but more about the “void” in outbreak details and other critical health information that the United States would face in the future.

      “Bringing the U.S. back will be very important," he told meeting attendees. "And on that, I think all of you can play a role.” Kummel, a senior advisor on global health in Germany's health ministry, described the US exit as “the most extensive crisis WHO has been facing in the past decades.” He also asked: “What concrete functions of WHO will collapse if the funding of the US is not existent anymore?” Officials from countries including Bangladesh and France asked what specific plans WHO had to deal with the loss of U.S. funding and wondered which health programs would be cut as a result.

      The AP obtained a document shared among some WHO senior managers that laid out several options, including a proposal that each major department or office might be slashed in half by the end of the year.

      WHO declined to comment on whether Tedros had privately asked countries to lobby on the agency's behalf.

      Experts say US benefits from WHO Some experts said that while the departure of the U.S. was a major crisis, it might also serve as an opportunity to reshape global public health.

      Less than 1% of the US health budget goes to WHO, said Matthew Kavanagh, director of Georgetown University's Center for Global Health Policy and Politics. In exchange, the US gets “a wide variety of benefits to Americans that matter quite a bit,” he said. That includes intelligence about disease epidemics globally and virus samples for vaccines.

      Kavanagh also said the WHO is "massively underfunded,” describing the contributions from rich countries as “peanuts.” WHO emergencies chief Dr Michael Ryan said at the meeting on the impact of the US withdrawal last week that losing the US was “terrible,” but member states had “tremendous capacity to fill in those gaps.” Ryan told WHO member countries: “The US is leaving a community of nations. It's essentially breaking up with you.” Kavanagh doubted the U.S. would be able to match WHO's ability to gather details about emerging health threats globally, and said its exit from the agency “will absolutely lead to worse health outcomes for Americans.” “How much worse remains to be seen,” Kavanagh said. (AP) NSA NSA

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