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    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
    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
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    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.
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    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.
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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.
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
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    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.
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    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.
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    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
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    August 6, 2026
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    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
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    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.

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      Jindal Global Law School Launches K.K. Luthra & Nirmal Luthra Centre for Comparative Criminal Law and Criminal Justice Studies On the World Day of Social Justice

      February 21, 2025

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      New Delhi, 21 February, 2025: On the momentous occasion of the World Social Justice Day, Jindal Global Law School of O.P. Jindal Global University announced the establishment of the K.K. Luthra & Nirmal Luthra Centre for Comparative Criminal Law and Criminal Justice Studies. The Centre is being established to commemorate the 100th birth centenary of Mr. K.K. Luthra, a stalwart of criminal law and Senior Advocate of the Supreme Court of India. This Centre will also honour the legacy of Nirmal Luthra, highlighting her contributions and achievements.

      Speaking at the Seminar to mark the occasion the Union Law Minister, Shri Arun Ram Meghwal said, “This is an occasion to be a champion for social justice. If injustice continues, there will be no peace in society and we need to fight this. India, through its leaders like Mahatma Phule and Dr. B.R. Ambedkar, had champions of social justice. Experts have pointed out how there can be political equality but it is difficult to achieve social and economic equality. This can only be achieved through philanthropy. Philanthropy is key for social and legal equality through the justice system. ” This Centre was established through a fully endowed fund ensuring the sustainability of its activities in perpetuity. The endowment fund was created by Mr. Siddharth Luthra, a distinguished lawyer and jurist, and his sisters, Ms. Geeta Luthra, Senior Advocate, Supreme Court of India & Dr. Meera Luthra, Senior Consultant in Paediatric Surgery as a philanthropic initiative to honour his parents’ legacy. It will serve as a global hub for interdisciplinary research, dialogue, and advocacy in criminal law and criminal justice, fostering a legacy of excellence in research, education, advocacy, and reform.

      The aim of the Centre is to help become a global leader in comparative criminal law and criminal justice, promoting fair, equitable, and effective legal systems worldwide and advance comparative legal scholarship, policy innovation, and practical reforms in criminal law and justice through rigorous research, education, capacity-building, and public engagement.

      Mr Sidharth Luthra said, “The Flagship Activities and Initiatives will include: Establishment of the annual K.K. Luthra & Nirmal Luthra Gold, Silver, and Bronze Medals for Academic Excellence at Jindal Global Law, Conduct an International Conference on Comparative Criminal Law, Develop actionable recommendations for Policy and Law Reform Advocacy; Enable Comparative Research Studies through the KK Luthra & Nirmal Luthra Chair in Criminal Law & Criminal Justice; assist with Capacity-Building Workshops for Legal Professionals; Establish Postgraduate and Doctoral Research Fellowships and create a K.K. Luthra Legacy Series: Publications and Digital Repository along with Public Engagement and Awareness Programs to enhance public understanding of criminal justice issues. There will also be a series of Judicial Dialogues and Roundtables; Internship and Training Programs for Students.” The Founding Vice Chancellor of O.P. Jindal Global University and Dean of Jindal Global Law School said, “We are delighted that such a distinguished Centre of study is being established at JGU. It will promote high-quality research and knowledge creation in comparative criminal law and justice system; foster academic and practitioner dialogue on contemporary challenges in criminal law; encourage law reform initiatives for fair and effective justice delivery; create a repository of knowledge on global best practices in criminal law and justice; build a cadre of young scholars and legal professionals through training programs and facilitate policy engagement with governments, judicial bodies, and international organizations. The Centre will celebrate the legacy of K.K. Luthra and Nirmal Luthra by fostering values of integrity, fairness, and justice in criminal law practice. I would like to express my deep gratitude and profound appreciation to Mr Sidharth Luthra, Ms. Geeta Luthra, Dr. Meera Luthra and Ms. Ketaki Goswami for their generous endowment to help set up this pioneering Centre.” The establishment of this new Centre received global reactions including from the most distinguished scholars of the University of Oxford, University of Cambridge and other leading universities.

      "A new Centre dedicated to research and scholarship in the field of comparative criminal law and criminal justice is great news... I congratulate both Mr. Sidharth Luthra on his wonderful vision & generosity, and I congratulate the University on its good fortune and vision in developing the Centre. There is so much to learn in this area." said Professor (Dr.) Nicola Padfield Emeritus Professor of Criminal & Penal Justice, University of Cambridge & Former Master, Fitzwilliam College, Cambridge "The newly created K.K. Luthra & Nirmal Luthra Centre on Comparative Criminal Law & Criminal Justice Studies at O.P. Jindal Global University represents a timely and important step in the evolution of criminal justice scholarship. Located at one of India's leading universities it will become a very useful hub for comparative research which will benefit many jurisdictions," observed Professor (Dr.) Julian Roberts, Emeritus Professor of Criminology, Centre for Criminology, University of Oxford The Chancellor of O.P. Jindal Global University, Mr. Naveen Jindal also graced the occasion with his presence.

      The launch of the Centre was followed by a seminar with legal luminaries, jurists and senior judges and their reflections Indian and global justice systems.

      Hon’ble Mr. R. Venkataramani, Attorney General for India congratulated JGU and said, “The idea of the Constitution itself is rooted in social justice. It encompasses the whole idea of reordering a society on all key parameters. Today, we need to go beyond the dead days of ideological conflict. Social justice cannot belong to any particular ideology. In law schools especially, the idea of social justice must be embedded in the teaching of all law subjects. Students of law are social justice architects especially to ensure the rule of law for all! Hon’ble Mr. Justice Sanjay Karol, Judge, Supreme Court of India said, “It is an honour to be at an event of such significance. A study of research and comparative criminal law are crucial for advancing social justice. By comparing different legal systems, scholars can identify practice and promote equality, fairness and access to justice for marginalised and deprived communities.” Other speakers who reflected on various themes included Hon’ble Mr. Justice Arjan K. Sikri, Judge, Singapore International Commercial Court, Hon’ble Mr. Justice Michael Wilson, Former Judge, Supreme Court of Hawaii, USA and Mr. Salman Khurshid, Senior Advocate, Supreme Court of India.

      On behalf of JGU, Professor R Sudarshan, Dean, Jindal School of Government & Public Policy and Professor Dr. Stephen P Marks, Dean, Jindal School of Public Health & Human Development shared their views. The concluding remarks for the distinguished evening were given by Professor Dabiru Sridhar Patnaik, the Registrar of O.P. Jindal Global University.

      (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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