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    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    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
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    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      With firings and lax enforcement, Trump moving to dismantle government's public integrity guardrails

      February 11, 2025

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      Washington, Feb 11 (AP) In the first three weeks of his administration, President Donald Trump has moved with brazen haste to dismantle the federal government's public integrity guardrails that he frequently tested during his first term but now seems intent on removing entirely.

      In a span of hours on Monday, word came that he had forced out leaders of offices responsible for government ethics and whistleblower complaints. And in a boon to corporations, he ordered a pause to enforcement of a decades-old law that prohibits American companies from bribing foreign governments to win business. All of that came on top of the earlier late-night purge of more than a dozen inspectors general who are tasked with rooting out waste, fraud and abuse at government agencies.

      It's all being done with a stop-me-if-you-dare defiance by a president who the first time around felt hemmed in by watchdogs, lawyers and judges tasked with affirming good government and fair play. Now, he seems determined to break those constraints once and for all in a historically unprecedented flex of executive power.

      “It's the most corrupt start that we've ever seen in the history of the American presidency," said Norm Eisen, a former US ambassador to the Czech Republic who was a legal adviser to Democrats during Trump's first impeachment.

      “The end goal is to avoid accountability this time,” said Princeton University presidential historian Julian Zelizer. “Not just being protected by his party and counting on the public to move on when scandals or problems emerge, but this time by actually removing many of the key figures whose job it is to oversee” his administration.

      Zelizer added: “It's a much bolder assertion than in his first term, and if successful and if all these figures are removed, you'll have a combination of an executive branch lacking independent voices that will keep their eye on the ball and then a congressional majority that at least thus far isn't really going to cause problems for him.” Picking up where he left off To some degree, Trump's early actions reflect a continuation of the path he blazed in his first term, when he dismissed multiple key inspectors general — including those leading the Defense Department and intelligence community — and fired an FBI director and an attorney general amid a Justice Department investigation into his ties between his 2016 presidential campaign and Russia.

      This time, though, his administration has moved much more swiftly in reprisal against those he feels previously wronged him — or still could.

      His Justice Department last month fired more than a dozen prosecutors involved in investigations into his hoarding of classified documents and his efforts to undo the 2020 presidential election, both of which resulted in since-abandoned indictments after he left office. It's also demanded a list of all agents who participated in investigations related to the Jan. 6, 2021 riot at the US Capitol, with Trump saying Friday that he intends to quickly and “surgically” fire some of them.

      The actions reflect the administration's intent to keep a tight grip on the Justice Department and even purge it of investigators seen as insufficiently loyal, even though career civil servants are typically not replaced by new presidents. Trump's actions are in keeping with the dramatic dismissal on his first Friday night in office of nearly 20 inspectors general in a broad cross-section of government agencies, all in seeming violation of a law requiring that Congress be given 30-day advance notice of such firings.

      The latest moves came Monday, when the recently fired head of the Office of Special Counsel, which processes whistleblower complaints and handles the Hatch Act that prohibits federal employees from partisan activities on the job, sued over his dismissal days earlier. Trump separately fired the head of the Office of Government Ethics.

      He named as acting head of the watchdog agencies Doug Collins, a loyal ally and former Republican congressman from Georgia who was recently confirmed as secretary of veteran affairs. But late Monday, a federal judge in Washington ordered the fired OSC head, Hampton Dellinger, to be reinstated while a court fight continues over his removal.

      Trump's administration on Monday also moved to wipe away two high-profile public integrity cases of elected officials. Trump pardoned former Illinois Gov. Rod Blagojevich, who was convicted on political corruption charges that included seeking to sell an appointment to then-President Barack Obama's old Senate seat.

      Hours later, Trump's Justice Department ordered federal prosecutors to drop charges against New York Mayor Eric Adams, who was accused of accepting bribes of free or discounted travel and illegal campaign contributions.

      “I think Trump has sent an unmistakable message that corruption is welcome in his new administration," said Eisen, who now works with State Democracy Defenders Fund, a nonprofit watchdog group that says it fights “election sabotage and autocracy,” and has been filing lawsuits against Trump's administration.

      Trump has portrayed the cases the same way he labeled his own investigations: as politically motivated witch hunts.

      Loosening rules related to business Trump, who in 2016 campaigned on a pledge to rid Washington of corruption with his “drain the swamp” refrain, has also taken aim at ethics and watchdog rules when it comes to business.

      On Monday, he paused enforcement of the Foreign Corrupt Practices Act, which prevents US companies from paying bribes to foreign government officials to win business, until new Attorney General Pam Bondi can design new guidance.

      The White House said the action was needed because American companies “are prohibited from engaging in practices common among international competitors, creating an uneven playing field.” “It sounds good on paper but in practicality it's a disaster,” Trump said at the White House.

      On his first day in office last month, Trump signed an executive order that rescinded one issued by former President Joe Biden that had prohibited executive branch employees from accepting major gifts from lobbyists and bans people jumping from lobbying jobs to executive branch jobs, or the reverse, for two years. The bans were aimed at curbing the “revolving door” in Washington, where incoming government workers could bring a minefield of ethical conflicts and later find lucrative lobbying jobs.

      The move came as Trump returned to power with fresh overlaps between his personal and business interests, including his launch of a new cryptocurrency token.

      His family business, the Trump Organization, meanwhile, adopted a voluntary agreement that bars it from making deals with foreign governments but not with private companies abroad, a significant change from the company's ethics pact in the first term.

      The Trump Organisation has in recent months struck deals for hotels and golf resorts in Vietnam, Saudi Arabia and the United Arab Emirates. Government ethics experts have raised concerns that the president's personal financial interests in the deals could influence the way he conducts foreign policy. (AP) AMS

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