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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
    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
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    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
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    China's exports slow slightly in July despite robust demand for high-tech products
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    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
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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
    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
    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
    Show AI Summary
    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
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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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      Dosti Realty’s Dosti Greenscapes Enhances Resident Well-being with Exclusive Sports and Yoga Partnerships

      February 27, 2025

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      Pune, 27 February 2025 – Dosti Realty, known for its dedication to delivering excellence in real estate, is taking its commitment to the next level with a visionary approach at Dosti Greenscapes at Upper Camp, Pune. By forging strategic partnerships with the Karna Mehta Basketball Academy (KMBA) and the Shriyog Institute of Iyengar Yoga, Dosti Realty is creating not just homes, but a vibrant, holistic community designed to nurture physical, mental and emotional well-being.

      With a deep understanding of the evolving needs of modern homebuyers, Dosti Realty recognizes that today’s residents seek more than just a place to live – they desire a community that enriches their lifestyle. By integrating wellness and sports into Dosti Greenscapes, Dosti Realty is ensuring that its residents can live life to the fullest, creating a sense of belonging and well-being. The tagline “Friends for Life” reflects this philosophy, as Dosti Realty is dedicated to fostering lifelong connections, both within the community and beyond.

      Dosti Realty has partnered with the Shriyog Institute of Iyengar Yoga, a renowned yoga institute under the leadership of Smt. Rajeshree Tupe, a senior Iyengar yoga teacher trained under the legendary Guruji BKS Iyengar. The institute offers a holistic wellness approach that blends Iyengar Yoga, Ayurveda, Indian philosophy, and the arts. Shriyog’s expertly designed programs promote balance in body, mind, and spirit, making wellness an accessible and integral part of everyday life for people of all ages and skill levels. Through this partnership, Dosti Greenscapes’ residents will have the opportunity to embrace mindfulness, relaxation, and well-being as central elements of their lifestyle.

      Simultaneously, the collaboration with Karna Mehta Basketball Academy, founded by the distinguished Indian basketball player Karna Mehta, aims to provide residents of Dosti Greenscapes with world-class basketball training. With a focus on building strong fundamentals, advanced techniques, and fostering mental resilience, KMBA's structured programs will elevate the skills and physical fitness of aspiring athletes within the community. Karna Mehta, who has represented India at the Asian Basketball Championships, is passionate about raising the standard of Indian basketball to global levels, and this partnership will ensure that residents receive top-tier coaching in a competitive environment.

      “We believe that today’s homebuyers seek more than just a place to live – they seek a community that nurtures their overall lifestyle,” said Anuj Goradia, Director of Dosti Realty. “Our partnerships with Karna Mehta Basketball Academy and Shriyog Institute of Iyengar Yoga are designed to meet this need, providing both physical fitness and mental wellness. Basketball fosters teamwork and health, while yoga promotes mindfulness and relaxation. Together, they create a balanced, holistic lifestyle that resonates with the evolving needs of modern residents.” Rajeshree Tupe ji, Founder of Shriyog Institute of Iyengar Yoga comments, "Well-being is not just about movement and exercises, it is also about transformation. Our mission at Shriyog is to uplift and transform lives through safe, effective, and sustainable yoga practices. Our partnership with Dosti Greenscapes in Pune extends this mission, ensuring that well-being becomes an effortless and sustainable part of daily living." Mr Karna Mehta, Founder of Karna Mehta Basketball Academy said, "Basketball is more than just a sport—it’s a powerful tool for building character, teamwork, and resilience. At Karna Mehta Basketball Academy, we’re excited to bring this spirit to Dosti Greenscapes in Pune, creating an environment where players of all levels can grow, compete, and thrive." Mr Pavit Singh, Ileseum Clubs, Founder and Partner of Ileseum Sports and Clubs LLP comments, “The influence of lifestyle extends beyond real estate—it shapes communities and enriches lives. This philosophy drives our continued partnership with Dosti Realty, and we are proud to be the lifestyle delivery partners for the third time, bringing exceptional experiences, happier and healthier lifestyles to the residents of Dosti Greenscapes in Pune.” Dosti Greenscapes is a meticulously designed residential community offering 2, 3, and 4 BHK homes, ranging from 680 sq. ft. to 1395 sq. ft. Crafted with superior quality and attention to detail, each home is designed to deliver an elevated living experience. The development is not only luxurious but also tech-friendly, with seamless Wi-Fi connectivity at various points across the development, ensuring that residents stay connected in today’s digital age. Emphasizing sustainability, Dosti Greenscapes incorporates eco-friendly features that reduce environmental impact, making it a forward-thinking development for the environmentally conscious homebuyer. Residents will also enjoy a range of world-class amenities, including two grand clubhouses, a state-of-the-art gymnasium, a refreshing swimming pool, lush landscaped gardens, a secure children’s play area and much more. Every aspect of Dosti Greenscapes has been thoughtfully designed to blend modern living with comfort, convenience and a commitment to a greener, smarter future.

      Strategically located in Upper Camp, just 2 km from Magarpatta City, Dosti Greenscapes offers seamless connectivity to key infrastructure such as educational institutions, healthcare centres, commercial hubs, and entertainment zones. With easy access to major highways, the railway station, Pune Airport, and upcoming infrastructural developments, Dosti Greenscapes is an ideal destination for homebuyers and investors.

      With its focus on sports, wellness, and a sense of community, Dosti Realty continues to set new standards in residential living. At Dosti Greenscapes, residents are more than just neighbours – they are Friends for Life.

      Dosti Greenscapes - Phase 1, 2, 3 & 4 are registered under MahaRERA No. P52100049942, P52100051041, P52100077059 & P52100077092 respectively and are available on website - https://maharera.maharashtra.gov.in under registered projects. This project is funded by ICICI Bank Ltd. T&C Apply.

      About Dosti Realty For over four decades, Dosti Realty has been a symbol of trust and excellence in the real estate sector. With a legacy rooted in understanding the evolving needs of our customers, we have transformed not just pin codes but lives—building enduring communities that nurture relationships and growth. We have successfully delivered over 13 million sq. ft. across more than 135 properties. We take pride in shaping over 21,300 residences into homes where families thrive together.

      At Dosti Realty, understanding is the cornerstone of our ethos, ‘Friends for Life.’ This philosophy has been refined through years of listening, learning, and innovating to meet the aspirations of homebuyers. From timeless architecture and thoughtfully designed spaces to consistent construction updates and exceptional post-possession support, we make every step of the home-buying journey seamless and rewarding. More than just buildings, we create spaces that foster connection, harmony, and a profound sense of belonging.

      Our commitment to excellence and innovation drives us to shape the future with over 21 million sq. ft. of developments planned across the Mumbai Metropolitan Region and Pune. These include thoughtfully designed residences, educational institutions, commercial hubs, retail spaces and IT parks—each crafted to inspire comfort and connection. Grounded in values like trust, transparency, quality and timely delivery, Dosti Realty remains dedicated to building brighter futures and nurturing communities for generations to come.

      For more details log on to: https://dostirealty.com/ (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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