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    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
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
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    Show All SummariesHide All Summaries
    August 6, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 6, 2026
    Show AI Summary
    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
    Show AI Summary
    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
    Show AI Summary
    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
    Show AI Summary
    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
    Show AI Summary
    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
    Show AI Summary
    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.

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      BoostMyTalent: Transforming Career Counseling and Higher Education from the Heart of the Himalayas

      February 21, 2025

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      A revolutionary EdTech platform bridging the gap in college admissions, scholarships, and job placements Rishikesh, Uttarakhand, India (NewsVoir) BoostMyTalent, India's first EdTech platform born in Devbhumi Uttarakhand, is redefining Career Counseling by providing personalized guidance, transparent college comparisons, financial assistance, and guaranteed placement support for students pursuing MBA, MCA, M.Tech, B.Tech, BBA, BCA, and other professional courses.

      With a student-first approach, BoostMyTalent addresses the misleading rankings, inflated placement claims, and lack of clarity in college admissions that leave many students confused about their educational choices. By offering one-on-one counselling, unbiased college insights, and structured career planning, the platform ensures that students make informed, financially sound, and career-driven decisions.

      Identifying the Problem: Why BoostMyTalent Was Created For years, students seeking admission to professional courses have struggled with multiple challenges regarding College selection, availability of Scholarships, Education loans, and the viability of Job Placements. The challenges they face include: • Unverified and misleading rankings that prioritize college marketing over actual student benefits.

      • Lack of transparency in college placements, with exaggerated salary figures and misleading employment statistics.

      • High tuition fees and application costs often leave students burdened with unnecessary loans.

      • Lack of Right Criteria to select specialization across different courses leads to poor career outcomes.

      "We realized that students don't need another ranking website or an information portal focused on lead generation for colleges. They need a platform that genuinely guides them through the complexities of admissions, finances, and placements—one that is driven by facts, not marketing hype. And that's how BoostMyTalent was born," - Sandesh Sharma, Founder & CEO, BoostMyTalent.

      Overcoming Challenges to Build a Startup in Rishikesh While the vision for BoostMyTalent was clear, building a tech-driven education platform in Rishikesh was far from easy. Unlike Delhi, Bengaluru, or Mumbai, Rishikesh lacked the startup ecosystem, infrastructure, and workforce needed to scale a digital business.

      Key challenges included: • Poor Mobile & Internet Connectivity: Reliable broadband was unheard of in Rishikesh, making virtual counselling and platform development difficult. Frequent outages meant lost business opportunities. The team tackled this by setting up multiple broadband connections from different providers to ensure seamless nationwide operations.

      • Lack of Skilled Professionals in Uttarakhand: With limited job opportunities in the region, most professionals have migrated to metro cities. Hiring local career counsellors, content specialists, and tech experts proved difficult. Instead of waiting for a solution, BoostMyTalent created one: they trained and upskilled local talent while onboarding experienced professionals remotely.

      • Building Trust with Colleges and Employers: Many educational institutions and recruiters hesitated to engage with a startup based in Rishikesh.

      Turning Challenges into Opportunities Rather than waiting for partnerships to develop organically, BoostMyTalent created opportunities for engagement by inviting colleges, financial institutions, and recruiters to visit their office in Rishikesh. The company strategically coordinated these visits with partner holiday schedules, encouraging them to explore the scenic tri-city areas of Dehradun, Rishikesh, and Haridwar.

      "At first, institutions were hesitant to engage with a startup outside metro cities. But when they visited us, it became more than just a business meeting—it was an experience. An evening walk along Marine Drive by the Holy Ganga, a deep discussion over coffee at a riverbank café, or simply unwinding at a forest retreat with the echoes of Ganga Aarti and local musicians strumming familiar tunes—it was a much-needed escape from the city hustle. They realized that serious business and serene living can coexist," - Shikha Mudgal (PhD), Vice President – Student Advisory & Training, BoostMyTalent.

      This unique blend of business and culture helped BoostMyTalent foster strong, long-term alliances with colleges, financial institutions, and employers, proving that great businesses can thrive outside metro cities.

      How BoostMyTalent is Changing the Future of Student Counseling BoostMyTalent goes beyond conventional admission portals by offering end-to-end student support focusing on long-term career outcomes rather than just college enrollment.

      1. FREE Personalized Counseling & Unbiased College Comparisons • One-on-one Career Counseling tailored to each student's aspirations.

      • Genuine, data-driven comparisons of colleges and courses.

      • Specialization selection guidance based on industry trends and employability.

      2. Extensive Scholarship Assistance & Up to 50% Discount on Application Forms • Expert help in identifying and applying for scholarships.

      • Application fee discounts of up to 50%, making college admissions more affordable.

      • Guidance on securing merit-based and need-based financial aid.

      3. Comprehensive Education Loan Assistance • Support in securing education loans from banks and NBFCs.

      • Low-interest and student-friendly repayment options.

      • Loan eligibility consultation and documentation assistance.​ 4. Comprehensive GD/PI Preparation & Confidence Enhancement • Mock interview and GD training with real-time feedback.

      • Soft skills and confidence-building sessions for better performance.

      • Industry insights to improve job readiness.

      5. Guaranteed 100% Placement Assistance – Partnering Only with Proven Colleges • Alliances only with institutions that offer multiple placement opportunities.

      • Resume-building, networking, and corporate mentorship programs.

      • Career support even after graduation, ensuring long-term success.​ 6. Exclusive Career Counseling and Post-Admission Support • Continued career guidance throughout the student's academic journey.

      • Internship support and networking with alumni and industry leaders.

      • Leadership development, communication skills, and job readiness training.

      BoostMyTalent's Role in Reversing Brain Drain from Uttarakhand Due to limited employment opportunities in Uttarakhand, many skilled professionals migrated to metro cities for better career prospects. BoostMyTalent is actively reversing this trend by creating local job opportunities in Rishikesh, enabling professionals to return home while maintaining strong career growth.

      "We're proving that Uttarakhand's professionals don't have to leave home to build a successful career. By establishing a strong EdTech ecosystem in Rishikesh, we're creating job opportunities that rival metro cities while allowing people to live in an environment that fosters both professional and personal well-being," said Mr. Sandesh Sharma.

      A Vision for the Future Every day, the BoostMyTalent team helps students across the country find the right colleges across various educational domains like Engineering, Management, Life Sciences, and Professional Courses—ensuring they receive genuine, career-focused guidance.

      "We envision a future where no student is forced to take an expensive loan for a degree that won't benefit them, where education is about opportunities, not just institutions, and where the right guidance can change lives," said Mr. Sandesh Sharma.

      BoostMyTalent is setting an example of how world-class EdTech platforms can thrive outside metro cities, proving that passion, innovation, and commitment to solving real problems can outweigh the conveniences of an established startup ecosystem.

      About BoostMyTalent BoostMyTalent is India's first EdTech platform originating from Rishikesh, specializing in Career Counseling, transparent college selection, scholarship assistance, education loan guidance, and guaranteed placement support. The company partners exclusively with colleges that offer substantial placement opportunities and has helped thousands of students make informed, financially sound decisions about their higher education.

      For more information, visit www.boostmytalent.com or call at +91- 9259169608.

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

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