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    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
    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
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    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
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    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
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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
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    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.

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      THE PENINSULA'S GLOBAL 'ART IN RESONANCE' PROGRAMME 2025 SHOWCASES GROUNDBREAKING CONTEMPORARY ARTWORKS

      March 26, 2025

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      Three commissioned artworks — including one in partnership with the Victoria and Albert Museum (V&A) — celebrating innovation and cultural heritage launched to coincide with Art Basel Hong Kong HONG KONG, March 25, 2025 /PRNewswire/ -- The Peninsula Hong Kong has announced the launch of its 2025 "Art in Resonance" programme, continuing its mission to champion emerging and mid-career artists since the programme's inception in 2019. Opening during Hong Kong Art Week, this innovative showcase features commissioned works from Hong Kong artists Phoebe Hui and Chris Cheung (widely known as h0nh1m), alongside Shanghai-based artist Lin Fanglu, in partnership with the Victoria and Albert Museum (V&A).

      From late March through May 2025, these boundary-pushing works will transform The Peninsula Hong Kong's public spaces, offering both hotel guests and art enthusiasts an opportunity to experience contemporary art at the iconic flagship hotel.

      "This exhibition represents a significant milestone in our ongoing commitment to nurturing artistic creativity and cultural exchange," said Gareth Roberts, Executive Director and Chief Operating Officer of The Peninsula's parent company, The Hongkong and Shanghai Hotels, Limited. "We are particularly excited to partner with the V&A to bring this work, and future artworks to the museum's display. Our collaboration will cultivate a broader audience for these superbly talented artists." A Thought-Provoking, Immersive Exhibition The first piece to greet arriving visitors is Lunar Rainbow, a monumental 56-square-metre celestial-themed installation on the hotel's façade by multimedia artist Phoebe Hui (Hong Kong SAR, mainland China). The work features fragmented images of the moon laser-printed on 49 pieces of plate aluminium, created through a custom programme that traces the evolution of lunar imagery from 17th-century scientific moon drawings to contemporary open-source archives, blending the past with the present through a contemporary lens. Custom lighting design echoes a rare natural phenomenon – the moonbow, reflecting on ideas of possibility and new perspectives. Hui's largest artwork to date, Lunar Rainbow pays homage to the moon, a powerful symbol of resilience and hope. Inviting viewers to move forward and embrace the unknown, a serendipitous surprise awaits when the moon installation 'comes together' from a specific angle, offering a perceptual adventure that sparks curiosity and wonder.

      In The Lobby, textile artist Lin Fanglu (Dalian, China) presents She's Bestowed Love, curated by Dr Xiaoxin Li, the V&A's Curator, Asia Department. The large-scale work features vibrant red sculptural forms that celebrate feminine strength and power. Around this maternal core, smaller forms orbit like precious islands, each one telling its own story while remaining connected to the whole, representing the countless moments that shape a woman's journey. Drawing inspiration from the ancient textile traditions of Yunnan's Bai minorities and channelling the nurturing spirit of Greek goddess Gaia, the work creates a dialogue between cultural heritage and contemporary expression. After its showcase at The Peninsula Hong Kong, the installation will travel to London, United Kingdom, and be displayed at the V&A South Kensington, where it will serve as the statement piece of the year-long "Dimensions: Chinese Contemporary Studio Crafts" on display beginning in Autumn 2025.

      "This collaboration represents the intersection of tradition and innovation, which perfectly embodies the V&A's mission," said Dr Melissa Buron, Director of Collections and Chief Curator of the V&A. "By partnering with The Peninsula, we are creating meaningful dialogues between contemporary artistic expression and cultural heritage — sharing powerful creative voices with audiences worldwide." At The Verandah, new media artist Chris Cheung (h0nh1m) (Hong Kong, China), presents The Flow Pavilion, an immersive installation created in partnership with Tai Ping. A one-way mirror structure modelled after a contemporary tea house is the centrepiece of a Zen Garden occupying the café space. Visitors are invited to experience the 'Flow State', a meditative journey of self-connection and tranquillity, by watching a kinetic sphere glide across an exquisite hand-tufted silk carpet, creating patterns reminiscent of the designs in a contemporary Zen Garden. This mesmerising movement is powered by the artist's recorded brainwave patterns during meditation, pairing ancient mindfulness practices with modern technology.

      A Brand-wide Commitment to Contemporary Arts The Peninsula has been committed to promoting the rich and vibrant cultural aspects of its properties' destination cities for generations by inviting its guests to engage with art through numerous channels. The group has hosted artist residencies; mounted enriching and culturally representative exhibits, talks, and symposia; and offered studio visits and workshops with local creators whose work exemplifies the distinctive flavour and energy of their home cities.

      The exhibition works in this year's "Art in Resonance" will remain at The Peninsula Hong Kong through May, after which they will be displayed at other Peninsula properties, and joined by additional, newly commissioned installations from local and international artists.

      Bringing Creativity to Life at The Peninsula Hong Kong In tandem with the exhibition, The Peninsula Hong Kong offers a series of art-inspired experiences, including a celebratory Afternoon Tea at The Lobby featuring pastries inspired by the artworks on display; delicious chocolate bonbons and cookies modelled after specific artworks, and a set of Matcha Mochi paired with Sencha Green Tea at The Verandah. Additionally, guests can enjoy in-room chocolate amenities and postcards that echo the installations. Artistically inspired cocktails are also available at Felix and The Bar, with each drink crafted to complement the exhibited artworks. The hotel's exclusive "The Art of Luxury" stay package, which includes the "Art in Resonance" guided tour and afternoon tea experience, will further illuminate the city's vibrant art scene. Please visit the official hotel website for more details.

      About Art in Resonance Since 2019, The Peninsula's commission-based Art in Resonance programme has spotlighted the work of important emerging and mid-career artists. By providing funding, curatorial support, and exhibition space, Art in Resonance allows these creators to produce significant new public artworks – while simultaneously offering deeply immersive art experiences to Peninsula guests.

      More information can be found at The Peninsula's Art in Resonance programme webpage, www.peninsula.com/art.

      About the V&A The V&A is a family of museums dedicated to the power of creativity —its power to entertain and move, to enrich our lives, open our minds and change the world. We celebrate and share that power through a programme of exhibitions, events, educational and digital experiences, a collection of 2.8 million objects, and through our support for new works and commitment to conservation, research and sustainable design. Together, our work tells a 5,000-year-old story of creativity, helping to advance cultural knowledge everywhere, and inspiring the makers, creators and innovators of today and tomorrow. We are always working to broaden our audiences so that everyone can be part of the V&A – because the V&A and the power of creativity belong to us all.

      About The Hongkong and Shanghai Hotels, Limited (HSH) Incorporated in 1866 and listed on The Stock Exchange of Hong Kong (00045), HSH is the holding company of a Group which is engaged in the ownership, development and management of prestigious hotel, commercial and residential properties in key locations in Asia, the United States and Europe, as well as the provision of tourism and leisure, club management and other services. The Peninsula Hotels portfolio comprises The Peninsula Hong Kong, The Peninsula Shanghai, The Peninsula Beijing, The Peninsula Tokyo, The Peninsula New York, The Peninsula Chicago, The Peninsula Beverly Hills, The Peninsula London, The Peninsula Paris, The Peninsula Istanbul, The Peninsula Bangkok and The Peninsula Manila. The property portfolio of the Group includes The Repulse Bay Complex, The Peak Tower and St. John's Building in Hong Kong; The Landmark in Ho Chi Minh City, Vietnam; and 21 avenue Kléber in Paris, France. The clubs and services portfolio of the Group includes The Peak Tram in Hong Kong; Quail Lodge & Golf Club in Carmel, California; Peninsula Clubs and Consultancy Services, Peninsula Merchandising, and Tai Pan Laundry in Hong Kong.

      Learn more at www.peninsula.com or follow us on Facebook and Instagram.

      Photo - Embedded Media Photo - Embedded Media Photo - Embedded Media Photo - Embedded Media Photo - Embedded Media Logo - Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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