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    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
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
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    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
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
    Show AI Summary
    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
    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
    Show AI Summary
    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
    Show AI Summary
    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
    Show AI Summary
    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    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
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
    Show AI Summary
    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
    Show AI Summary
    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
    Show AI Summary
    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
    Show AI Summary
    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
    Show AI Summary
    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.
    August 6, 2026
    Show AI Summary
    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
    Show AI Summary
    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
    Show AI Summary
    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
    Show AI Summary
    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.

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      Violent attacks on Tesla dealerships spike as Musk takes prominent role in Trump White House

      March 19, 2025

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      Seattle, Mar 19 (AP) Cybertrucks set ablaze. Bullets and Molotov cocktails aimed at Tesla showrooms.

      Attacks on property carrying the logo of Elon Musk's electric-car company are cropping up across the US and overseas. While no injuries have been reported, Tesla showrooms, vehicle lots, charging stations and privately owned cars have been targeted.

      In Canada, Tesla was removed from an international auto show over safety concerns.

      There has been a clear uptick in Tesla attacks since President Donald Trump took office and empowered Musk to oversee a new Department of Government Efficiency (DOGE) that is slashing government spending.

      Experts on domestic extremism say it's impossible to know yet if the spate of incidents will balloon into a long-term pattern.

      In Trump's first term, his properties in New York City, Washington and elsewhere became a natural place for protest. In the early days of his second term, Tesla is filling that role.

      “Tesla is an easy target,” said Randy Blazak, a sociologist who studies political violence. “They're rolling down our streets. They have dealerships in our neighbourhoods.” Musk critics have organised dozens of peaceful demonstrations at Tesla dealerships and factories across North America and Europe. Some Tesla owners, including a US senator who feuded with Musk, have vowed to sell their vehicles.

      But the attacks are keeping law enforcement busy.

      Prosecutors in Colorado charged a woman last month in connection with a string of attacks on Tesla dealerships, including Molotov cocktails thrown at vehicles and the words “Nazi cars” spray-painted on a building.

      And federal agents in South Carolina last week arrested a man they say set fire to Tesla charging stations near Charleston. An agent from the Bureau of Alcohol, Tobacco, Firearms and Explosives wrote in an affidavit that authorities found writings critical of the government and DOGE in his bedroom and wallet.

      “The statement made mention of sending a message based on these beliefs,” the agent wrote.

      A number of the most prominent incidents have been reported in left-leaning cities in the Pacific Northwest, like Portland, Oregon, and Seattle, where anti-Trump and anti-Musk sentiment runs high.

      An Oregon man is facing charges after allegedly throwing several Molotov cocktails at a Tesla store in Salem, then returning another day and shooting out windows.

      In the Portland suburb of Tigard, more than a dozen bullets were fired at a Tesla showroom last week, damaging vehicles and windows, the second time in a week that the store was targeted.

      Four Cybertrucks were set on fire in a Tesla lot in Seattle earlier this month. On Friday, witnesses reported a man poured gasoline on an unoccupied Tesla Model S and started a fire on a Seattle street.

      In Las Vegas, several Tesla vehicles were set ablaze early Tuesday outside a Tesla service centre where the word “resist” was also painted in red across the building's front doors. Authorities said at least one person threw Molotov cocktails — crude bombs filled with gasoline or another flammable liquid — and fired several rounds from a weapon into the vehicles.

      “Was this terrorism? Was it something else? It certainly has some of the hallmarks that we might think — the writing on the wall, potential political agenda, an act of violence,” Spencer Evans, the special agent in charge of the Las Vegas FBI office, said at a news conference. “None of those factors are lost on us.” Tesla becomes a target for the left Tesla was once the darling of the left. Helped to viability by a USD 465 million federal loan during the Obama administration, the company popularised electric vehicles and proved, despite their early reputation, that they didn't have to be small, stodgy, underpowered and limited in range.

      More recently, though, Musk has allied himself with the right. He bought the social network Twitter, renamed it X and erased restrictions that had infuriated conservatives. He spent an estimated USD 250 million to boost Trump's 2024 Republican campaign, becoming by far his biggest benefactor.

      Musk continues to run Tesla — as well as X and the rocket manufacturer SpaceX — while also serving as Trump's adviser.

      Tesla stock doubled in value in the weeks after Trump's election but has since shed all those gains.

      Trump gave a boost to the company when he turned the White House driveway into an electric vehicle showroom. The president promoted the vehicles and said he would purchase an USD 80,000 Model S, eschewing his fierce past criticism of electric vehicles.

      Tesla did not respond to a request for comment. Musk briefly addressed the vandalism Monday during an appearance on Sen Ted Cruz's podcast, saying “at least some of it is organised and paid for” by “left-wing organisations in America, funded by left-wing billionaires, essentially.” “This level of violence is insane and deeply wrong,” Musk wrote Tuesday on X, sharing a video of burning Teslas in Las Vegas. “Tesla just makes electric cars and has done nothing to deserve these evil attacks.” The progressive group Indivisible, which published a guide for supporters to organise “Musk Or Us” protests around the country, said in a statement that all of its guidance is publicly available and “it explicitly encourages peaceful protest and condemns any acts of violence or vandalism.” Some Tesla owners have resorted to cheeky bumper stickers to distance themselves from their vehicle's new stigma and perhaps deter would-be vandals. They say things like “I bought this before we knew Elon was crazy” or “I just wanted an electric car. Sorry guys.” Prices for used Cybertrucks, Tesla's most distinctive product, have dropped nearly 8 per cent since Trump took office, according to CarGurus, which aggregates used car vehicle listings. The market as a whole remained steady over the period.

      The White House vows a crackdown The White House has thrown its weight behind Musk, the highest-profile member of Trump's administration and a key donor to committees promoting Trump's political interests.

      Trump has said Tesla vandalism amounts to “domestic terror,” and Trump has threatened retribution, warning that those who target the company are “going to go through hell.” Attorney General Pam Bondi said she'd opened an investigation “to see how is this being funded, who is behind this.” “If you're going to touch a Tesla, go to a dealership, do anything, you better watch out because we're coming after you,” Bondi said Friday on Fox Business Network. In a statement Tuesday, she vowed to “continue investigations that impose severe consequences,” including for “those operating behind the scenes to coordinate and fund these crimes.” Colin Clarke, a senior research fellow at the Soufan Centre, said left-wing political violence tends to target property rather than people. He views the rise of neo-Nazi groups as a bigger security threat at this point.

      “It's not the type of act that I would prioritise,” Clarke said. “Not right now compared to all the other threats that are out there.” Theresa Ramsdell is the president of the Tesla Owners of Washington state, a club for Tesla enthusiasts, and she and her husband own three of them.

      “Hate on Elon and Trump all you want — that's fine and dandy, it's your choice,” she said. “It doesn't justify ruining somebody's property, vandalising it, destroying it, setting it on fire. There's other ways to get your voice heard that's more effective.” Someone recently slapped a “No Elon” sticker on the tailgate of her Cybertruck, but she said she doesn't intend to stop driving her Teslas. Other club members have taken a similar view, she said.

      “I love my car. It's the safest car,” Ramsdell said. “I'm not going to let somebody else judge me for the car I drive.” (AP) NPK NPK

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