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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
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
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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
    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
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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.
    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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      The Power List: Indian Entrepreneurs Driving Innovation

      March 26, 2025

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      India's startup ecosystem has shown a remarkable transformation in recent years. Today, India boasts the world's third-largest startup ecosystem, with over 1.5 lakh registered startups, and is expected to see consistent annual growth of 12-15%. This incline in India’s position is possible because of aLeaders across the sectors are redefining innovation while also sharing a common goal: to create impactful solutions to disrupt traditional norms. They have started a new page of ‘Entrepreneurial wave’ in the nation's growth story. From technology to healthcare, and sustainability to e-commerce, these entrepreneurs have not only built successful businesses but have also inspired a generation to dream big and aim higher.

      Anant Goel, Co-founder, ⁠Handpickd Anant Goel, the founder of Handpickd, is a serial entrepreneur who has revolutionized the way Indians access high-quality fruits and vegetables. Anant founded Milkbasket, in 2015, which created the first online grocery network to meet consumers' everyday household needs. Post the acquisition of Milkbasket by Reliance at $40M, Anant founded Handpickd, India's first ‘match-making’ platform for personalized fresh produce shopping. Headquartered in Gurugram, Handpicked is a unique platform that operates a zero-inventory model, sourcing directly from farmers to ensure high-quality fruits and vegetables while minimizing waste. With a strong focus on efficiency and sustainability, Handpickd is redefining the fresh produce supply chain in India. His vision and dedication to digital connectivity have transformed the way people experience and procure fresh produce while improving the lives and livelihoods of store owners.

      Deepinder Goyal - Founder of Zomato Deepinder Goyal, Founder, MD and CEO of Zomato, a popular online food delivery and restaurant discovery platform. With a background in mathematics and computing from the Indian Institute of Technology, Delhi, Goyal has led Zomato through significant growth to worth around $2.2 billion USD since its inception in 2008. Under his leadership, the company has become a household name, transforming the food industry through technological innovation, community engagement, and support for food entrepreneurs and businesses. With Zomato's user-friendly mobile app, customers can effortlessly discover restaurants, browse menus, schedule dining, place orders, and track deliveries, all in one place. Deepinder's entrepreneurial spirit and focus on leveraging mobile technology have played a crucial role in reshaping the food delivery and restaurant discovery landscape in India.

      Abinav Varma Kalidindi, Founder and CEO, Ikonz Abinav Varma Kalidindi started Ikonz Studios in 2021 with a focus on AI-driven digital experiences. Abhinav’s Ikonz is the first Indian company that builds hyper-realistic AI avatars and holographic solutions. Working with global personalities and brands, one of its biggest projects is creating the AI-powered digital avatar of Amitabh Bachchan, which was launched in partnership with IDFC FIRST Bank. Abinav, who has a background in technology and finance, has previously built and exited a consumer tech company in the U.S. before founding Ikonz. His focus now is on integrating AI-powered digital assistants into industries like banking, healthcare, education, and entertainment. Ikonz is backed by prominent investors funds that have been backed by Village Global, whose notable LPs include Mark Zuckerberg, Bill Gates, Jeff Bezos among others.

      Deepak Sahni, Founder, Healthians Deepak Sahni, founder of Healthians, started his career as a computer assembler turned digital marketer and went on to build one of India’s largest at-home diagnostic chains. He founded Healthians in 2015 to make preventive healthcare more accessible and affordable for everyone. By combining convenience with quality, Healthians became the first Indian company to ensure high-quality healthcare services to reach people’s doorsteps across India. Sahni continues to push for digital transformation in diagnostics, with AI and technology playing a bigger role in Healthians’ next phase of growth. The company has introduced AI-driven tools like Smart Report and video analysis of health reports, which simplify complex medical data and help users better understand their test results. These features empower individuals to make informed healthcare decisions, bridging the gap between diagnostic insights and actionable steps. Recently, Healthians has secured No. 1 position in Times Health Survey, operating in over 250 cities with a network of 22+ certified labs and a large fleet of trained phlebotomists, reinforcing its mission of making healthcare more accessible and user-friendly. Diagnostic startup Healthians recorded a modest 8% year-on-year growth during the fiscal year ending March 2024.

      Prachi Dharani, Co-founder, PayGlocal Prachi Dharani, Co-founder and CEO of PayGlocal, is a seasoned payments industry professional with over 20 years of experience. She leads PayGlocal in delivering innovative cross-border payment solutions, enabling Indian businesses to grow globally with secure and seamless transactions. Before founding PayGlocal, Prachi held leadership roles at Visa, First Data, and ICICI Bank. Under her leadership, PayGlocal has been a pioneering force in cross-border payments and operates a comprehensive suite of payment services and cutting-edge technology platform for payment processing and transaction risk management, specifically designed to meet the evolving needs of merchants, partners, and banks. PayGlocal has handled more than INR 22 billion worth of transactions till now, enabling over 1,300 merchants across different platforms and supporting payment acceptance from 181 countries. Through a robust transaction security based approach, the firm has thwarted more than INR 1 billion worth of fraud attempts and recorded up to a 20% hike in Payment Success Rates (PSR) for its customers. PayGlocal’s focus on innovation, security, and customer support makes it a leader in the global payments space, driving seamless and secure transactions for businesses worldwide.

      Vineeta Singh - Co-founder & CEO, SUGAR Cosmetics Vineeta Singh, Co-founder and CEO of SUGAR Cosmetics, a fast-growing D2C beauty brand valued at approximately $500 million. Known for its innovative product offerings and cutting-edge marketing strategies, SUGAR has become a go to name among young consumers since its inception in 2015. With a background in electrical engineering from the Indian Institute of Technology, Madras, and an MBA from the Indian Institute of Management, Ahmedabad, Vineeta has steered the brand to success through data-driven insights, social media engagement, and influencer marketing. Under her leadership, SUGAR Cosmetics has redefined beauty standards, offering trendsetting products that cater to diverse customer needs. The brand's tech-savvy approach and commitment to inclusivity have positioned it as a leader in the competitive beauty industry. Vineeta's entrepreneurial vision continues to drive the brand's growth, setting new benchmarks for quality and innovation.

      Kabir Jeet Singh, Founder and CEO, Burger Singh Kabir Jeet Singh, founded one of the largest Indian homegrown QSR brands, Burger Singh, challenging a market long dominated by multinational giants. His foray into the burger business began during his MBA at Birmingham Business School when he worked at a local burger joint. Experimenting with Indian spices to enhance the otherwise bland offerings, he identified a gap in the market. This insight led to the launch of Burger Singh in 2014, blending global fast food with desi flavors. His focus on customizing flavors for different regions and expanding beyond metros has helped the brand find success even in Tier 2 and Tier 3 cities. With 175+ outlets across 75+ Indian cities, Burger Singh continues to compete in a segment that was once thought to be untouchable for homegrown brands.

      Tarun Joshi, Founder and CEO, IGP.com Tarun Joshi’s career started in aerospace engineering and later moved to private equity investing before he entered the e-commerce space. He founded IGP (International Gifts Platform) to solve a key problem, how to make online gifting more personalized and efficient. Under his leadership, IGP has become one of Global largest direct-to-consumer gifting platforms, delivering products to 1,000+ cities in India and 150+ countries worldwide. With services like 30-minute delivery in major cities and same-day delivery across 400+ locations, the company has built a niche in curated and customized gifting. IGP has also expanded its business offline and aims to open 140 dark stores and 22 retail stores in the next 1-2 years.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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