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    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
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    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
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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.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
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    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.

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      Homemakers to changemakers: Women entrepreneurs help empower rural Bihar against climate challenges

      February 23, 2025

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      Muzaffarpur (Bihar), Feb 23 (PTI) In the heart of rural Bihar, where groundwater depletion, extreme heat and erratic weather have caused havoc for farmers, a quiet transformation is underway.

      A group of women, once confined to their homes despite their education, have emerged as agri-entrepreneurs, transforming not only their own lives but also helping their communities adapt to the growing threats of climate change.

      Each agri-entrepreneur (AE) works with at least 150-200 small and marginal farmers, who are hit the most by these worsening climate challenges. They provide solutions to farmers on irrigation, provide climate-resilient seeds, help out with crop diversification, and act as a helpdesk for digital work—essentially a one-stop centre for all problems they may encounter.

      Their remuneration is proportional to the range of services they provide farmers within a panchayat.

      Soni Kumari from Hajipur, for instance, began her journey as an agri-entrepreneur last year by registering a farmer for a farmer card. She then prepared a detailed business proposal based on the farmer's profile—his social indicators, finances and cropping patterns.

      She then entered the farmer's requirements into a Management Information System, creating a database of her customers to understand demand and create a business plan for her enterprise.

      Once a homemaker, Soni who is a science graduate said she never imagined she would one day be at the forefront of promoting sustainable farming practices.

      "I opened a shop with a micro-financing loan, where I stock everything from climate-resilient seeds to organic manure and fertilisers. We even have a drone for irrigation," Soni said.

      The drone technology Soni uses has been a game-changer for her, she added.

      It sprays water evenly across fields, ensuring efficient water use and reducing labour costs. "We can irrigate one acre of land in just 5-7 minutes at Rs 300-500. Without the drone, this task would take 3-4 hours and labour costs would have been much higher," she said.

      But drones are a big investment for the community as the battery lasts only 10-15 minutes per charge and replacing a battery would cost around Rs 90,000, she added.

      Soni's journey is part of a larger movement supported by JEEVIKA, a state-level women's socioeconomic empowerment programme, that provided her with the initial training.

      So far, 5,178 AEs are providing services to more than 8 lakh farmers and covering 2,21,000 acres of land, according to official data.

      They provide seeds, pesticides, fertilisers, farm equipment and offer services on nursery management, collective marketing and digital banking.

      The overall profit generated by the AEs to date is Rs 1.54 crore, said Abhishek Kumar, Programme Officer for Women's Economic Empowerment at Project Concern International India.

      Kumar who works closely with them said they serve a key function in spreading awareness about climate-resilient farming techniques.

      Chanchal Devi from Mushari, for instance, encourages farmers to grow water-efficient crops like palak, lal saag and cucumber.

      "Given the water shortage, we need crops that thrive with less water. I also teach farmers how to grow multiple crops together, like planting creepers alongside soil-intensive plants to save water and resources," Chanchal said.

      Sarita Kumari, a farmer who buys seeds and fertilisers from Chanchal's shop, explained that uncertain weather conditions have made farming a very unpredictable business so the presence of agri-entrepreneurs helps.

      "We earlier had to travel to the nearest town to buy seeds and there also we would get traditional seeds, not the climate-resilient ones. So it definitely helps. We have not used the drone irrigation a lot but it is becoming popular here," the farmer said.

      Most agri-entrepreneurs source their seeds from Dr Rajendra Prasad Central Agricultural University in Samastipur in Bihar.

      By diversifying crops and adopting water-saving techniques, farmers can reduce their vulnerability to climate shocks, said Avantika, a member of Syngenta Foundation India, which works with the women entrepreneurs.

      To help farmers cope with the economic impacts of climate change, the women are also promoting the planting of high-value cash crops, she said.

      Crops such as capsicum, cauliflower, broccoli, and chillies are grown using high-yielding seeds, enabling farmers to fetch better prices in the market.

      The use of polyhouses has also been encouraged, allowing farmers to grow crops in controlled environments and increase yields, she added.

      Every agri-entrepreneur has her own set of specialities.

      Like Shoba Devi from Motipur who has been advocating for the use of organic fertilisers. "We've started using organic fertilisers and are slowly educating others about their benefits," she said.

      Organic farming not only reduces reliance on chemical inputs but also improves soil health, making it more resilient to climate change.

      Shoba said her efforts have inspired many in her community to shift towards organic practices. "It's a slow process but effective, especially as the effects of climate change become more apparent. Farmers are willing to learn," she said.

      "We're earning extra income, up to Rs 1-1.5 lakh per year," Shoba said.

      The impact of their work is evident in their communities. Soni, for instance, now serves over 500 farmers in her area.

      The JEEVIKA programme is being executed in 13 districts of Bihar— Nalanda, Patna, Bhojpur, Vaishali, Muzaffarpur, Samastipur, East Champaran, Saharsa, Purnia, Kishanganj, Katihar, Khagaria, and Begusarai—and is solely managed by the agri-entrepreneurs themselves.

      Bihar, like many parts of India, has increasingly become vulnerable to the impact of climate change with erratic rainfall, prolonged droughts, and unpredictable weather patterns making farming more challenging than ever, particularly for small and marginal farmers whose livelihoods and food security are at risk.

      However, some challenges remain—the high cost of technology such as drone batteries and the need for more widespread awareness about sustainable practices.

      Women who spoke to PTI said they are planning to expand their business further and involve more women with them.

      "I never thought I'd be doing something like this—helping farmers, using drones, running a shop. But now, when I see how much easier it is for farmers to irrigate their fields or grow better crops, I feel proud. I now plan to involve more women to be part of this," said Chanchal. PTI UZM SKY SKY

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