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    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
    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
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    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
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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.
    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
    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
    Show AI Summary
    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.
    August 6, 2026
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    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
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    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.

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      PM Modi takes '3 MPs of family' jibe at Gandhis, tears into AAP in LS speech

      February 4, 2025

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      New Delhi, Feb 4 (PTI) Prime Minister Narendra Modi on Tuesday excoriated Congress leader Rahul Gandhi saying those speaking of "declaring a war on the Indian State" can appreciate neither Constitution nor national unity as he launched a spirited counter-offensive in Lok Sabha against the Opposition.

      With Rahul Gandhi leading the Congress' attempts to corner the ruling alliance for its alleged neglect of the interests of the weaker sections of society, the prime minister asked to the cheers from treasury benches if at any point of time three members of a Scheduled Castes or Scheduled Tribes family have served as MPs together.

      Replying to the two-day discussion on the Motion of Thanks to the President's Address, he said, "I want to pose a very important question to the countrymen," and then added after raising the issue, "The answer to my question will show the huge gap between the words and action of some people. The gap is like between the earth and sky, day and night." The prime minister's point was clearly aimed at the Gandhi family as their three members, Sonia Gandhi, Rahul and Priyanka, are currently parliamentarians.

      He also accused Rahul Gandhi of openly speaking the language of urban naxals and said it is the country's misfortune.

      "Those who declare a war on the Indian state can understand neither the Constitution nor the country's unity," he said.

      Gandhi had said during the inauguration of his party's new headquarters last month that the Congress is fighting the Indian state, as he accused the government of using its machinery to target the opposition.

      In his nearly 95-minute speech, Modi reeled out figures to highlight his government's work for the SC, ST and OBC to rebut the Congress' allegations while keeping AAP leader Arvind Kejriwal in the line of fire for his alleged corruption and false promises, a day before the assembly polls are held in Delhi.

      Without raising any tension in the society, his government has worked the welfare of disadvantaged sections while keeping people united, Modi said, asserting that more opportunities have been created for them in every field.

      It has become a fashion for some leaders to talk of castes, he said touching on Gandhi's pet issue of caste census, adding that the MBBS seats available for SC, ST and OBC students have risen from 7,700 to 17,000, from 3,800 to 9,000 and from 14,000 to 32,000 respectively as the number of medical colleges jumped to 780 from 387 under his government.

      He also asserted that his government saved lakhs of crores of rupees since 2014, including over Rs 3 lakh crore by striking off over 10 crore fake beneficiaries of welfare schemes, and used the money for nation-building and not building "sheesh mahal", a jibe at the former Delhi chief minister.

      The BJP has been using the term 'sheesh Mahal', a colloquial Hindi term for an opulent house, to allege a "big scam" in the reconstruction of Kejriwal's official bungalow.

      Modi criticised Sonia Gandhi's "poor thing" comments for President Droupadi Murmu following her address on January 31 as insulting to the "daughter of a poor family" and slammed such mindset.

      A day after Rahul Gandhi targeted the government over its foreign policy, including China's alleged intrusion, Modi sought to make light of his charge saying some people think that they will not look mature unless they touch on the issues of external affairs.

      Such leaders, he said, should read "JFK's Forgotten Crisis", a book with some unflattering description of Jawaharlal Nehru.

      Taking on the Congress over its charge that he has worked to weaken the Constitution, he said referring to the treasury benches, "Those who live the Constitution are sitting here. When 'satta' (government power) is service then nation-building takes place. When satta becomes inheritance, then democracy is finished." His government, Modi said, included the leader of the largest opposition party in selection process for important functionaries even when there was no recognised opposition after the 2014 polls. It has now made a law so that the the Leader of the Opposition becomes a member of the panel to select election commissioners, he added.

      He cited different measures, including incorporating the history of all prime ministers in the PM Museum against the "family's museum" and building the tallest status in India Sardar Vallabhbhai Patel, a prominent Congress leader, to assert his government's commitment to the Constitution and its spirit. Turning to Kejriwal, the leader of Delhi's ruling Aam Aadmi Party, Modi flayed him for corruption, false promises and denying health benefits to the city's residents, especially senior citizens, by not adopting the Centre's health insurance scheme of Ayushman Bharat.

      "Some parties are like 'AAP-da' for the future of the youth," he said in the speech in which he did not directly name either Gandhi or Kejriwal.

      He also said those who walk with a copy of the Constitution in their pockets made Muslim women suffer due to the practice of triple talaq while his government gave them equal rights by abolishing the practice.

      Modi said Murmu's speech has infused new confidence in the goal of building 'Viksit Bharat' and inspired people as he noted that people have given him 14th opportunity to reply to the Motion on a President's Address.

      Over 25 crore people have been lifted out of poverty during his government's 10-year tenure, he said, and took a swipe at former prime minister Rajiv Gandhi for repeatedly speaking of the need for preparing India for the 21st century while doing little to meet its needs of the 20th century. Rahul Gandhi's father was at helm between 1984 and 1989.

      Citing a cartoon of the famous R K Laxman showing a plane depicting 21st century being carried on a cart pushed by people, he said it showed how much disconnected was the then prime minister from the reality.

      Modi invoked his own humble background to assert that when a person, who is connected to the ground, understands the ground reality and lives his life on the ground, spends his life for the poor, then changes follow.

      Over Rs 40 lakh crore was credited to people's bank accounts directly by his government, he added.

      His government has spent a massive amount of money on development and used its resources to boost their savings as well, Modi said. Before his government came to power, those earning only Rs 2 lakh were exempt from Income Tax while the threshhold is now Rs 12 lakh.

      Against the earlier politics of appeasement, his government has worked to ensure that its benefits reach every by following the politics of satisfaction, Modi said and recalled the BJP's big win in Haryana and Maharashtra assembly polls to underscore the popular trust it enjoys.

      Expressing confidence of people's continuing support to the BJP, he said he said he was only in his third term and the masses will give his party many more opportunities to serve them. PTI ASK/KR SKU NAB ZMN

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