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    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
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    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    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
    Show AI Summary
    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
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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
    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
    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
    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
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.

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      Crafting Bharat Awards 2025: Celebrating the Changemakers Shaping Bharat’s Tomorrow; A NewsReach initiative

      March 5, 2025

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      India has become the world’s third-largest startup ecosystem, with over 1.6 lakh DPIIT-registered startups driving innovation, creating jobs, and transforming industries. These startups are not just businesses—they're shaping the country’s future by solving real-world problems and supporting initiatives like Atmanirbhar Bharat and Make in India. Sectors like fintech, health tech, deep tech, and sustainability are seeing breakthroughs, making India a key player in the global startup space.

      HT Media Crafting Bharat Awards 2025: Recognizing Real Impact The HT Media Crafting Bharat Awards 2025, an initiative by NewsReach (Vyomeen Media Pvt Ltd) and curated by Fever Network, was all about celebrating people and organizations driving change. What started as the Crafting Bharat Podcast, a platform to share startup journeys, has grown into a space that not only tells these stories but also acknowledges the work behind them.

      Held on 21st February 2025 at the ITC Grand Central, Mumbai, the event brought together entrepreneurs, innovators, and industry leaders for a night of recognition, meaningful conversations, and insights. It wasn’t just another startup awards event—it went beyond traditional categories to celebrate those shaping Bharat in different ways. From founders and technocrats to artists, scientists, and social impact leaders, the awards highlighted individuals making a real difference in India’s growth story. With leaders from diverse sectors in the room, the event became more than just a ceremony—it reflected how far India’s startup ecosystem has come and where it’s headed next.

      A big shoutout to our gifting partners for adding thoughtful touches to the event. Sylvi, founded by Krushna Ghevariya and Ishan Kukadia, gifted watches combining style and functionality. Magical Blends, led by Uttara, treated awardees to premium skincare kits, making the experience even more special.

      The awards were presented in three categories: • 30 Under 30 – Recognizing young trailblazers • 40 Under 40 – Honoring mid-career achievers • Bharat Innovators – Celebrating change-makers across industries It was a night of stories, connections, and acknowledging those who are shaping the future of Bharat.

      Here’s a glimpse into the Changemakers who made it to the winners’ list Sangram Singh – A Champion of Strength, Resilience, and Inspiration A celebrated professional wrestler, motivational speaker, and youth icon, Sangram Singh was honored by Bharat Innovators for his extraordinary journey of perseverance and determination. Overcoming immense challenges, he has not only excelled in wrestling but also inspired millions with his motivational talks and philanthropic efforts. His story is a testament to the power of resilience, making him a true role model for the youth of Bharat.

      Dia Mirza – Social Impact Leader - Leading with Purpose, Beyond the Spotlight’ award A celebrated actress, producer, and UN Environment Goodwill Ambassador, Dia Mirza was honored under the Bharat Innovators category for her relentless advocacy for sustainability, wildlife conservation, and climate action. While she is celebrated for her versatility in Indian cinema, her contributions go far beyond the screen.

      A strong advocate for sustainability, environmental conservation, and social causes, Dia has consistently used her platform to drive awareness and action. Whether championing climate initiatives or supporting underprivileged communities, she has shown what it means to lead with purpose.

      Avinash Tiwary – A Changemaker in Cinema who is redefining storytelling through his performances.

      A powerhouse of talent and versatility, Avinash Tiwary was recognized under Bharat Innovators for his transformative impact on Indian cinema. From playing a passionate lover in Laila Majnu to an enigmatic charmer in Bulbul, Avinash has consistently impressed audiences with his versatility. His dedication to meaningful cinema has not only elevated the industry but also inspired emerging talent. With each project, he continues to challenge norms, reshape narratives, and contribute to the evolution of Bollywood storytelling. As he takes on new roles and explores fresh narratives, Avinash Tiwary remains a true innovator in Indian cinema.

      Swastika Mukherjee – Breaking Barriers in Entertainment An acclaimed actress known for her fearless and unconventional roles, Swastika Mukherjee was honored under Bharat Innovators for challenging norms and bringing powerful, nuanced performances to Indian cinema. She took center stage—not just as a celebrated actress but as a true trailblazer in Indian and Bengali cinema. Known for her bold and powerful performances, she has captivated audiences with her talent and authenticity, redefining storytelling with every role she takes on.

      Beyond cinema, Swastika has been a passionate advocate for animal rights, using her platform to raise awareness and give a voice to the voiceless. Whether through her artistry or activism, she continues to stand for what truly matters, proving that being a star is not just about being in the spotlight—it’s about using that platform for meaningful change.

      The Crafting Bharat Awards celebrated trailblazing innovators and leaders reshaping industries with groundbreaking contributions. Among them, Shalil Gupta of Ozonetel redefined customer experiences, while Sitla Thakur of FundBezzie set new benchmarks in digital investment platforms. Harddik K Patel of Quali5Care revolutionized healthcare, and Viswaprasad S Nair of Bindwel spearheaded technological transformation.

      Social impact was at the heart of the awards, with Arhan Bagati of KYARI leading change, Dr. Meenakshi Shanbhag of Makoons championing early childhood development, and Sanjay Khimesera advocating for media excellence. The event also highlighted startup ecosystem builders like Sravanth Gajula & Sandeep Bommireddi of AdOnMo and Shikhar Neogi of Neoble Corp.

      Tech and digital innovation were celebrated with Praanesh Bhuvaneswar of Qoruz excelling in influencer marketing, Sidharth Ghosh of ITW Playworx redefining entertainment tech, and Dhaval Patel of S.D. HUB shaping e-commerce and fintech. Anuj Tiwari, founder of Innovit Technologies, pushed AI advancements, while Samkit Shah of Jitendra EV pioneered electric mobility solutions.

      In the business and media landscape, Shrikant Pandey of Indiamanthan Publications reinforced business journalism, and Bhumish Sheth of Zimble Marketing elevated digital marketing standards. Jithin Sethumadhavan of Qoruz was recognized for agency leadership, and Deepanshu Shukla and Sujith Gopinath advanced tech and healthcare communications.

      Industry transformation was a key theme, with Unni Bhaskar revolutionizing airport infrastructure, Premjith Edassery of Bloom Hotel leading tech-driven hospitality, and Vinitt Dessai innovating hair systems. Dr. Chinuu Kwatra was honored for his environmental sustainability efforts, and Suyash Singh of GalaxEye for deep-tech advancements.

      The awards also recognized financial and compliance excellence, with Mohit Agarwal of Wockhardt leading pharma innovation, Suraj Nangia excelling in tax and audit solutions, and Dr. Nishant S. Mehta shaping fintech auditing. Jitendra Somani of Pocket HRMS and Mayuresh Darne contributed to fintech and startup ecosystems, respectively.

      Leaders in entertainment and creative industries, such as SIMA RAAJ of Golden Hue Productions and Shripal of Enjoy, were celebrated for their artistic contributions. Meanwhile, Nazneen of Aminsofttech led the future of tech solutions, and Aalok Kumar of NEC India was recognized for empowering citizens.

      From engineering innovations by Viraj of Unitech Power Solutions to fintech excellence by Vishesh Rajaram of Speciale Invest, these visionaries continue to drive Bharat forward. Their dedication and achievements illuminate the path toward a more innovative, sustainable, and inclusive future.

      The Crafting Bharat Awards honored pioneers, disruptors, and visionaries across industries, recognizing their outstanding contributions to business, technology, healthcare, education, and social impact.

      From Dr. Aravindan Selvaraj, who revolutionized multi-specialty healthcare at Kauvery Hospitals, to Poornima Garg, who led impactful social initiatives at Room to Read India, each awardee exemplified excellence. Naga Srirama Narasimha Raviteja Malladi and Akshatha Madapura Anantharamu transformed the tech and e-commerce landscapes, while Sanjeev Jain redefined the automobile industry. Zeeshan Mansoori spearheaded organic growth in digital platforms, and Aakash Jugraj shaped AI and blockchain media.

      The awards also recognized Harshvardhan Chauhan, who innovated in the FMCG sector, and Pankaj Kumar Choudhary, who set trends in luxury fashion. Devarshi Malviya bridged investors and F&B brands, while Dr. Mickey Keki Mehta advanced holistic health. Jagadish Nangineni led luxury real estate, and Rohan Paul transformed the lens manufacturing industry. In the financial sector, Manish Lalwani and Harsh Jha drove innovations in wealth management and financial distress resolution.

      Trailblazers in content, education, and entrepreneurship included Prof. Dr. Parin Somani, who reshaped global education, and Mithun Chakravarthy, who played a key role in the media and creator economy. Thomson R. Andrews was recognized as a visionary in music and media, and Sonia Kotak made a significant impact on social media. Shivam Mehta excelled in digital marketing, and Jobo Kuruvilla redefined disruptive marketing.

      Leaders in financial inclusion, such as Ankita Mitra, Chandan Khaitan, and Kunal Jhunjhaunwal, ensured greater accessibility to secured lending, while Wilson and Gaurav Thaker revolutionized luxury branding and beauty tech. Amitabh Shah drove social impact, Rakkesh R. Uddiyar led in fitness.These awardees demonstrated innovation, leadership, and a commitment to excellence, shaping India's future across diverse industries.

      A Celebration That Goes Beyond Awards Vyomeen Media Private Limited led News Reach and the HT Media Crafting Bharat Awards 2025 wasn’t just about recognizing achievements—it was about bringing together people who are shaping the future. It showcased stories of resilience, innovation, and purpose, inspiring others to push boundaries and create lasting change.

      As the event came to a close, it left behind more than just accolades. It sparked conversations, strengthened connections, and reinforced the vision of a self-reliant, forward-thinking Bharat. Every awardee’s journey served as a reminder that progress isn’t just about big ideas—it’s about the people who dare to make them happen.

      This wasn’t just an awards night. It was a movement. And the journey of Crafting Bharat is far from over.

      (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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