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    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
    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
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    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
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    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
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    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
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    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
    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
    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
    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
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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
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    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.

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      Police arrest Istanbul mayor, key Erdogan rival, over alleged corruption, terror links

      March 19, 2025

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      Istanbul, Mar 19 (AP) Turkish police on Wednesday arrested Istanbul's mayor — a popular opposition leader and key rival of President Recep Tayyip Erdogan — and several other prominent figures as part of investigations into alleged corruption and terror links.

      It was a dramatic escalation in an ongoing crackdown on the opposition and dissenting voices in Turkiye.

      The state-run Anadolu Agency said prosecutors issued detention warrants for the mayor, Ekrem Imamoglu, and some 100 other people. Among those detained was Imamoglu's close aide, Murat Ongun.

      Authorities also closed several roads around Istanbul and banned demonstrations in the city for four days in an apparent effort to prevent protests following the arrest. Private NTV television said two Istanbul district mayors were among those detained.

      Critics say the crackdown follows significant losses by Erdogan's ruling party in local elections last year amid growing calls for early national elections. Government officials insist that the courts operate independently and reject claims that legal actions against opposition figures are politically motivated.

      “We are facing great tyranny, but I want you to know that I will not be discouraged,” Imamoglu said earlier in the day in a video post on social media.

      Germany criticised the arrests, with Foreign Ministry spokesperson Sebastian Fischer describing them as “a serious setback for democracy.” The backdrop Erdogan, a populist with increasingly authoritarian tendencies, has led Turkiye as prime minister or president for more than 20 years and is now the longest-serving leader in the Turkish republic's history.

      His current term runs until 2028 but he has indicated he'd like to serve longer — something he could achieve with the help of a friendly parliament.

      Imamoglu was arrested as police searched his home, but it wasn't immediately clear if anything was confiscated. His wife, Dilek Imamoglu, told the private Now television that police arrived at their residence before dawn and that the mayor was taken around 7:30 am.

      The Istanbul Stock Exchange's main index dropped by 7 per cent over the news of his arrest, automatically triggering a temporary halt in trading to prevent panic selling and stabilise the market. Trading later resumed but was again halted in the afternoon. The Turkish Lira lost some 7 per cent of its value against the dollar.

      Anadolu, the news agency, said that Ekrem Imamoglu and several others are suspected of extortion, money laundering and irregularities concerning tenders and procurements, among other crimes.

      Imamoglu is also suspected of aiding the outlawed Kurdistan Workers' Party, or PKK, by allegedly forming an alliance with a Kurdish umbrella organisation for the Istanbul municipal elections, the report said. The PKK has waged a decades-long insurgency within Turkiye and is designated a terrorist organisation by Ankara, Washington and other allies.

      Silencing the opposition A day earlier, Istanbul University invalidated Imamoglu's diploma, effectively disqualifying him from running in the next presidential race — a university degree is a requisite for running in elections under Turkish law.

      The mayor's party — the main opposition Republican People's Party, or CHP — was to hold a primary on Sunday where Imamoglu was expected to be chosen for its candidate in future presidential elections.

      With all the arrests Wednesday, that vote was in doubt but party chairman Ozgur Ozel told the opposition-aligned Halik TV channel that it would go ahead as planned. Ozel said Imamoglu's detention was “an attempted coup against our next president.” In a social media post in English, Imamoglu said: “The will of the people cannot be silenced through intimidation or unlawful acts. I stand resolute, entrusting myself not only to the 16 million residents of Istanbul but to the 86 million citizens" of Turkiye.

      Turkiye's pro-Kurdish Peoples' Equality and Democracy Party condemned the detentions and called for the immediate release of all taken into custody.

      The dawn raid on Imamoglu's home and his arrest was a "disgrace that will not be forgotten for centuries. This operation, which shatters faith in justice, is an attempt to redesign politics through the judiciary,” Tulay Hatimogullari, the party's co-chairwoman, wrote on X.

      As he was being arrested, Ongun, the mayor's aide, appealed for support on X, though he at the time did not appear to know that the mayor was also being taken into custody.

      “They think they can silence us and prevent us from defending and supporting Ekrem Imamoglu,” Ongun said. “I entrust Ekrem Imamoglu to the Turkish nation. Protect, watch over and support him. They cannot be defeat the nation.” Separately, police also detained a prominent investigative journalist, Ismail Saymaz, for questioning, the opposition-aligned Halk TV reported.

      Meanwhile, internet-access advocacy group netblocks.org reported Wednesday that access has been restricted in Turkiye to popular social media platforms.

      Legal obstacles In nullifying Imamoglu's diploma, the university cited alleged irregularities in his 1990 transfer from a private university in northern Cyprus to its Faculty of Business Administration. Imamoglu said he would challenge the decision.

      Later Wednesday, students at the university held a protest to denounce Imamoglu's arrest. No violence was immediately reported.

      Imamoglu faces multiple lawsuits, including allegations of trying to influence a judicial expert investigating opposition-led municipalities. The cases could result in prison sentences and a political ban.

      He is also appealing a 2022 conviction of insulting members of Turkiye's Supreme Electoral Council, a case that could result in a political ban.

      Imamoglu was elected mayor of Turkiye's largest city in March 2019 in a historic blow to Erdogan and the president's Justice and Development Party, which had controlled Istanbul for a quarter-century.

      The party pushed to void the municipal election results in the city of 16 million, alleging irregularities.

      The challenge resulted in a repeat of the election a few months later, which Imamoglu also won. The mayor retained his seat following local elections last year, during which his party made significant gains against Erdogan's governing party.

      Devlet Bahceli, an Erdogan ally from the Nationalist Movement Party, slammed the opposition on X, saying Wednesday that to “oppose the judiciary and law, even to debate it, is an invitation to discord and violence” and adding it was “important to accept whatever decision was made by the courts.” (AP) NPK NPK

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