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    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)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
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    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.
    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
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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.
    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
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    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
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    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
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.

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      US and Israel look to Africa for resettling Palestinians uprooted from Gaza

      March 14, 2025

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      Jerusalem, Mar 14 (AP) The US and Israel have reached out to officials of three East African governments to discuss using their territories as potential destinations for resettling Palestinians uprooted from the Gaza Strip under President Donald Trump's proposed postwar plan, American and Israeli officials say.

      The contacts with Sudan, Somalia and the breakaway region of Somalia known as Somaliland reflect the determination by the US and Israel to press ahead with a plan that has been widely condemned and raised serious legal and moral issues. Because all three places are poor, and in some cases wracked by violence, the proposal also casts doubt on Trump's stated goal of resettling Gaza's Palestinians in a “beautiful area.” Officials from Sudan said they have rejected overtures from the US, while officials from Somalia and Somaliland told The Associated Press that they were not aware of any contacts.

      Under Trump's plan, Gaza's more than 2 million people would be permanently sent elsewhere. He has proposed the US would take ownership of the territory, oversee a lengthy cleanup process and develop it as a real estate project.

      The idea of a mass transfer of Palestinians was once considered a fantasy of Israel's ultranationalist fringe. But since Trump presented the idea at a White House meeting last month, Israeli Prime Minister Benjamin Netanyahu has hailed it as a “ bold vision.” Palestinians in Gaza have rejected the proposal and dismiss Israeli claims that the departures would be voluntary. Arab nations have expressed vehement opposition and offered an alternative reconstruction plan that would leave the Palestinians in place. Rights groups have said forcing or pressuring the Palestinians to leave could be a potential war crime.

      Still, the White House says Trump “stands by his vision.” Speaking on condition of anonymity to discuss a secret diplomatic initiative, US and Israeli officials confirmed the contacts with Somalia and Somaliland, while the Americans confirmed Sudan as well. They said it was unclear how much progress the efforts made or at what level the discussions took place.

      Separate outreach from the US and Israel to the three potential destinations began last month, days after Trump floated the Gaza plan alongside Netanyahu, according to the US officials, who said that Israel was taking the lead in the discussions.

      Israel and the US have a variety of incentives — financial, diplomatic and security — to offer these potential partners. It is a formula that Trump used five years ago when he brokered the Abraham Accords — a series of mutually beneficial diplomatic accords between Israel and four Arab countries.

      The White House declined to comment on the outreach efforts.

      The offices of Netanyahu and Ron Dermer, the Israeli Cabinet minister and Netanyahu confidant who has been leading Israel's postwar planning, also had no comment.

      But Finance Minister Bezalel Smotrich, a longtime advocate of what he calls “voluntary” emigration of Palestinians, said this week that Israel is working to identify countries to take in Palestinians. He also said Israel is preparing a “very large emigration department” within its Defense Ministry.

      Here is a closer look at the places the officials say have been approached.

      Sudan The North African country was among the four Abraham Accord nations that agreed to normalize diplomatic relations with Israel in 2020.

      As part of the deal, the US removed Sudan from its list of state supporters of terrorism, a move that gave the country access to international loans and global legitimacy. But relations with Israel never took off as Sudan plunged into civil war between government forces and the RSF paramilitary group.

      The conflict has been marked by atrocities, including ethnically motivated killing and rape, according to the UN and rights groups. The International Criminal Court is investigating alleged war crimes and crimes against humanity, and then-President Joe Biden's administration in January said the RSF and its proxies were committing genocide.

      The US and Israel would be hard-pressed to persuade Palestinians to leave Gaza, particularly to such a troubled country. But they could offer incentives to the Khartoum government, including debt relief, weapons, technology and diplomatic support.

      Two Sudanese officials, speaking on condition of anonymity to discuss a sensitive diplomatic matter, confirmed that the Trump administration has approached the military-led government about accepting Palestinians.

      One of them said the contacts began even before Trump's inauguration with offers of military assistance against the RSF, assistance with postwar reconstruction and other incentives.

      Both officials said the Sudanese government rejected the idea. “This suggestion was immediately rebuffed,” said one official. ”No one opened this matter again.” Military chief Gen. Abdel-Fattah Burhan told an Arab leaders' summit last week in Cairo that his country “categorically rejects" any plan that aims to transfer "the brotherly Palestinians from their land under whatever justification or name.” Somaliland Somaliland, a territory of over 3 million people in the Horn of Africa, seceded from Somalia over 30 years ago, but it is not internationally recognised as an independent state. Somalia considers Somaliland part of its territory.

      Somaliland's new president, Abdirahman Mohamed Abdullahi, has made international recognition a priority.

      An American official involved in the efforts confirmed that the US was “having a quiet conversation with Somaliland about a range of areas where they can be helpful to the US in exchange for recognition.” The possibility of US recognition could provide an incentive for Abdullahi to back away from the territory's solidarity with the Palestinians.

      The United Arab Emirates, another Abraham Accord country that has developed strong ties with Israel, once had a military base in Somaliland and maintains commercial interests there, including a port. The territory's strategic location, in the Gulf of Aden waterway near Yemen, home to the Houthi rebel group, could also make it a valuable ally.

      Over the years, Somaliland has been lauded for its relatively stable political environment, contrasting sharply with Somalia's ongoing struggles amid deadly attacks by al-Qaida-linked militant group al-Shabab. Since 1991, Somaliland has maintained its own government, currency and security structures. Still, it has one of the lowest income levels in the world.

      An official in Somaliland, speaking on condition of anonymity because he was not authorized to talk to the media, said his government has not been approached and is not in talks about taking in Palestinians.

      Somalia Somalia has been a vocal supporter of the Palestinians, often hosting peaceful protests on its streets in support of them. The country joined the recent Arab summit that rejected Trump's plan and seems like an unlikely destination for Palestinians, even if they did agree to move.

      Sambu Chepkorir, a lawyer and conflict researcher in Nairobi, Kenya, said it is difficult to understand why Somalia would want to host Palestinians given the country's strong support for Palestinian self-rule.

      “The realignments keep changing, and so maybe there is a hidden agenda in why Somalia,” Chepkorir said.

      A Somali official, speaking on condition of anonymity because he was not authorized to talk to the media, said the country had not been approached about taking in Palestinians from Gaza and there had been no discussions about it. (AP) AMS

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