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    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
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
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    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.
    August 7, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    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
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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
    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
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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
    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.

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      After years of firm support, 10 days upended US approach to Ukraine

      February 22, 2025

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      Kyiv, Feb 22 (AP) As Ukraine approached the three-year mark of Russia's full-scale invasion, the country's hoped-for path to a favourable and lasting peace was upended in a matter of days by the administration of US President Donald Trump.

      Kyiv had benefited from years of staunch support by its allies in the United States and Europe which had provided crucial military and financial support to help defend against Moscow's grinding incursions.

      But when Trump held a lengthy phone call with Russian President Vladimir Putin last week — undoing years of US policy to isolate the Russian leader over his aggression — it was taken as a signal in Kyiv and other European capitals that their alliance to contain Moscow was fraying.

      Here's a timeline of events: Wednesday, Feb 12 On their 90-minute call, Trump and Putin agreed to begin negotiations to end the war, a move that was met with jubilation in Russia but which Ukrainian President Volodymyr Zelenskyy had warned would be “ very dangerous " if Ukraine were excluded from talks.

      Although Trump spoke to Zelenskyy immediately after the Putin call, US Defence Secretary Pete Hegseth said that day that NATO membership for Ukraine, something Kyiv believes would protect the country and Europe from future Russian attacks, was unrealistic. He suggested Ukraine should abandon hopes of winning all its territory back, a perspective that is remarkably close to Moscow's.

      The breakneck speed of Trump's transformation of US policy toward Ukraine and Russia left many war-weary Ukrainians feeling that they were being left out of the conversation on their future, and fearing that a deal forced by Washington and Moscow would result in lost territory and vulnerability to future Russian aggression.

      Friday, Feb 14 European leaders had their first chance to meet with members of the new Trump administration at the Munich Security Conference in Germany, where they hoped to gain clarity on Trump's approach to the war.

      But leaders were stunned as senior US officials including Vice President JD Vance lambasted European nations, gave mixed signals on support for Kyiv and suggested Europe would not be at the table for negotiations on Ukraine.

      During highly anticipated talks between Vance and Zelenskyy in Munich, the Ukrainian leader told Vance that his country needed security guarantees as a precondition for engaging in any talks with Moscow to end the war.

      Zelenskyy also said he'd ordered his ministers not to sign off on a proposed agreement to give the United States access to Ukraine's rare earth minerals, a key part of his talks with Vance. Ukrainian officials said the U.S. proposal did not offer any specific security guarantees in return for access to Ukraine's vast reserves of critical minerals that are used in the aerospace, defense and nuclear industries.

      A senior White House official described Zelenskyy's refusal as “short-sighted.” Sunday, Feb 16 On the final day of the conference, French President Emmanuel Macron began rallying European leaders to fortify their support for Ukraine, with his foreign minister announcing an emergency “working meeting” in Paris to assess the continent's next steps.

      Meanwhile, amid concerns that U.S. support for Kyiv was faltering, a group of European countries was quietly working on a plan to send troops into Ukraine to help enforce any future peace settlement with Russia.

      Tuesday, Feb 18 US and Russian officials met for talks in Saudi Arabia's capital, sidestepping Kyiv and its European backers. The two countries agreed to work together to end the war in Ukraine and to improve diplomatic and economic ties, an extraordinary about-face in US foreign policy.

      Yet the three US principals at the meeting in Riyadh — Secretary of State Marco Rubio, national security adviser Mike Waltz and Trump's special Mideast envoy Steve Witkoff — maintained that the four-hour discussion was aimed mainly at assessing Russia's seriousness about wanting a peace deal.

      All three said publicly that no specific proposals had been put on the table, and that it remained to be seen if the Russians were willing to negotiate in good faith.

      They also rejected assertions that either Ukraine or the Europeans were being excluded, noting that although they weren't present in Riyadh, Trump, Vance and Rubio had all spoken with both Zelenskyy and European officials who would be involved if and when peace talks actually start.

      Zelenskyy dismissed the talks, saying they would “yield no results” in the absence of Ukrainian participation. He postponed a plan to visit Riyadh the next day to avoid any linkage of his trip with the U.S.-Russia meeting.

      Trump showed little patience for Kyiv's objections to being sidelined in Riyadh, and ramped up inflammatory rhetoric that caused anger and alarm in Ukraine and seemed to contradict the assurances that Rubio, Waltz and Witkoff had endeavored to provide.

      Speaking from his Mar-a-Lago resort, Trump made the jarring suggestion that Ukraine itself was responsible for starting the war that has cost tens of thousands of Ukrainian lives, and criticized Zelenksyy for Ukraine delaying elections because of the invasion, in accordance with the Ukrainian Constitution.

      Wednesday, Feb 19 Trump's comments, and a Wednesday post on social media that called Zelenskyy a “dictator,” led to Zelenskyy saying that some of the president's claims were “disinformation” that originated in Russia, and that he would like Trump's team “to be more truthful.” Trump, Zelenskyy said, is living in a Russian-made “disinformation space.” As relations between the two leaders eroded, one thing remained on the horizon that some observers thought could serve to lower the temperature on the disagreements between Washington and Kyiv: Trump's special envoy for Ukraine and Russia, Ret. Lt. Gen. Keith Kellogg, arrived in Ukraine's capital by train Wednesday morning for discussions with Zelenskyy and other officials.

      Kellogg has long been Trump's top adviser on defense issues. He was due to speak with Zelenskyy about Trump's efforts to end the war, and the Ukrainian leader had previously said he looked forward to explaining what was happening in Ukraine to Kellogg and accompanying him to see the front line.

      Thursday, Feb 20 A news conference that was set to follow a meeting between Zelenskyy and Kellogg was abruptly cancelled at the request of the U.S. delegation.

      Friday, Feb 21 In a complimentary gesture that stood in stark contrast with the tone of the preceding days, Kellogg wrote on X that he'd had a “long and intense day with the senior leadership of Ukraine.” He said he'd had positive discussions with "the embattled and courageous leader of a nation at war and his talented national security team.” Still, Trump continued to lay into Zelenskyy, grumbling that a visit to Kyiv last week by U.S. Treasury Secretary Scott Bessent was “a wasted trip” after the Ukrainian side declined to agree to a U.S. proposal to procure profits on rare earth minerals.

      At the same time, Waltz, Trump's national security adviser, expressed confidence that Zelenskyy would seal a rare earths deal. "Here's the bottom line. President Zelenskyy is going to sign that deal,” Waltz said.

      Trump, speaking to “The Brian Kilmeade Show” on Fox News radio, also dismissed Zelenskyy's complaints about not being included in the Saudi talks. He voiced certainty that Putin wanted to strike a deal.

      “He doesn't have to make a deal," Trump said of Putin. “Because if he wanted, he would get the whole country.” (AP) NSA NSA

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