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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
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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.
    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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      After ceasefire in Gaza, West Bank Palestinians face more Israeli barriers, traffic, misery

      February 10, 2025

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      Ramallah (West Bank), Feb 10 (AP) Abdullah Fauzi, a banker from the northern West Bank city of Nablus, leaves home at 4 a.m. to reach his job by 8, and he's often late.

      His commute used to take an hour — until Hamas' attack on Israel on October 7, 2023, after which Israel launched its offensive in the Gaza Strip.

      The Israeli military also ramped up raids against Palestinian militants in the northern West Bank, and diverted its residents through seven new checkpoints, doubling Fauzi's time on the road.

      Now it's gotten worse.

      Since the ceasefire in Gaza between Israel and Hamas took effect, Fauzi's drive to the West Bank's business and administrative hub, Ramallah, has become a convoluted, at least four-hour wiggle through steep lanes and farm roads as Israel further tightens the noose around Palestinian cities in measures it considers essential to guard against militant attacks.

      “You can fly to Paris while we're not reaching our homes," the 42-year-old said from the Atara checkpoint outside Ramallah last week, as Israeli soldiers searched scores of cars, one by one.

      “Whatever this is, they've planned it well," he said. "It's well-designed to make our life hell.” A ceasefire begets violence As the truce between Israel and Hamas took hold on January 19, radical Israeli settlers — incensed over an apparent end to the war and the release of Palestinian prisoners in exchange for Israeli hostages — rampaged through West Bank towns, torching cars and homes.

      Two days later, Israeli forces with drones and attack helicopters descended on the northern West Bank city of Jenin, long a centre of militant activity.

      More checkpoints started going up between Palestinian cities, slicing up the occupied West Bank and creating choke points the Israeli army can shut off on a whim. Crossings that had been open 24/7 started closing during morning and evening rush hours, upturning the lives of hundreds of thousands of people.

      New barriers — earthen mounds, iron gates — multiplied, pushing Palestinian cars off well-paved roads and onto rutted paths through open fields. What was once a soldier's glance and head tilt became international border-like inspections.

      Israel says the measures are to prevent Hamas from opening a new front in the West Bank. But many experts suspect the crackdown has more to do with assuaging settler leaders like Bezalel Smotrich, the finance minister and an important ally of Prime Minister Benjamin Netanyahu, who has threatened to topple the government if Israel does not restart the war in Gaza.

      “Israel now has a free hand to pursue what it has wanted to in the West Bank for a long time: settlement expansion, annexation,” said Tahani Mustafa, a senior analyst at the International Crisis Group. “It was considered a potential trade-off.” Asked why Israel launched the crackdown during the ceasefire, the Israeli military said politicians gave the order in part over concerns that the release of Palestinian prisoners — in swaps for Israeli hostages held by Hamas — could raise tensions in the West Bank.

      The checkpoints all over the West Bank, it said, were “to ensure safe movement and expand inspections".

      “Checkpoints are a tool we use in the fight against terror, enabling civilian movement while providing a layer of screening to prevent terrorists from escaping,” said Lt. Col. Nadav Shoshani, an Israeli military spokesman.

      Life disrupted To spend rush hour at an Israeli checkpoint is to hear of the problems it has brought — Palestinian families divided, money lost, trade disrupted, sick people kept from doctors.

      Ahmed Jibril said not even his position as manager of emergency services for the Palestinian Red Crescent protects him.

      “We're treated like any other private car,” he said, describing dozens of cases in which Israeli soldiers forced ambulances to wait for inspection when they were responding to emergency calls.

      In one case, on January 21, the Palestinian Health Ministry reported that a 46-year-old woman who had suffered a heart attack in the southern city of Hebron died while waiting to cross a checkpoint.

      The Israeli military said it was not aware of that specific incident. But citing Hamas' use of civilian infrastructure like hospitals to conceal fighters, the army acknowledged subjecting medical teams to security checks “while trying to reduce the delay as much as possible in order to mitigate harm”.

      The UN humanitarian agency, or OCHA, reported that, as of last November 28, Israel had 793 checkpoints and roadblocks in the West Bank, 228 more than before the war in Gaza.

      The agency hasn't updated the tally since the ceasefire, but its latest report noted a surge in “suffocating restrictions” that are “tearing communities apart and largely paralysing daily life”.

      A bubble bursts With its upscale restaurants and yoga studios, Ramallah gained a reputation in past conflicts for being something of a well-to-do bubble where cafe-hopping residents can feel immune to the harsh realities of the occupation.

      Now its residents, struck in numbingly long lines to run simple errands, feel under siege.

      “All we want to do is go home,” said Mary Elia, 70, stalled with her husband for nearly two hours at the Ein Senia checkpoint north of Ramallah last week, as they made their way home to east Jerusalem from their daughter's house. “Are we meant to never see our grandchildren?” Suddenly, her face contorted in discomfort. She had to urinate, she said, and there were hours to go before they crossed.

      A national obsession Roll down the window at a bottlenecked checkpoint and the same soothing female voice can be heard emanating from countless car radios, reeling off every Israeli checkpoint, followed by “salik” — Arabic for open — or “mughlaq,” closed, based on the conditions of the moment.

      These reports recently beat out weather broadcasts for top slot on the West Bank radio lineup.

      Almost every Palestinian driver seems able to expound on the latest checkpoint operating hours, the minutiae of soldiers' mood changes and fiercely defended opinions about the most efficient detours.

      “I didn't ask for a Ph.D. in this,” said Yasin Fityani, 30, an engineer stuck in line to leave Ramallah for work, scrolling through new checkpoint-dedicated WhatsApp groups filled with footage of soldiers installing cement barriers and fistfights erupting over someone cutting the line.

      Lost time, lost money It was the second time in as many weeks that his boss at the Jerusalem bus company called off his morning shift because he was late.

      Worse still for Nidal Al-Maghribi, 34, it was too dangerous to back out of the queue of frustrated motorists waiting to pass Jaba checkpoint, which severs his east Jerusalem neighbourhood from the rest of the city. Another full day's work wasted in his car.

      “What am I supposed to tell my wife?” he asked, pausing to keep his composure. “This job is how I feed my kids.” Palestinian trucks, packed with perishable food and construction materials, are not spared the scrutiny. Soldiers often ask truckers to pull over and unload their cargo for inspection. Fruit rots. Textiles and electronics get damaged.

      The delays raise prices, further choking a Palestinian economy that shrank 28 per cent last year as a result of punitive Israeli policies imposed after Hamas' attack, said Palestinian Economy Minister Mohammad Alamour. Israel's ban on most Palestinian workers has left 30 per cent of the West Bank's workforce jobless.

      “These barriers do everything except their stated purpose of providing security," Alamour said.

      “They pressure the Palestinian people and the Palestinian economy. They make people want to leave their country.” (AP) PY PY

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