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    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    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
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    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Fischer Installation Systems - Always Providing the Right Solutions for Technical Building Equipment

      March 26, 2025

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      Bengaluru, Karnataka, India (NewsVoir) The fixing expert fischer provides its customers with guaranteed safety, quality and efficiency in construction. More than 75 years of inexhaustible innovative power and technical fastening expertise are incorporated into the continuous expansion of the range of products and systems. Installation systems by fischer tailored to specific applications enable safe, cost-effective and simple fastening and routing of any technical building equipment conduits.

      "At fischer India, our mission is to provide world-class fastening solutions that enhance safety, efficiency, and durability in construction projects. Our extensive portfolio of installation systems is designed to cater to diverse applications, ensuring seamless execution and long-term reliability. By continuously innovating and adapting to the latest industry standards, we empower engineers, planners, and contractors with state-of-the-art solutions that simplify complex installations. Our commitment to quality and customer satisfaction drives us to push the boundaries of fastening technology, making fischer the go-to choice for technical building equipment solutions," says Mr. Mayank Kalra, Managing Director of fischer India.

      fischer fastening and installation solutions make it quicker and easier to install all kinds of supply lines, resulting in rapid, cost-effective and successful projects. A wide range of installation systems for lightweight to heavy loads covers all types of applications in residential, non-residential and industrial buildings. Galvanised variants are ideal for installations in buildings, while hot-dip galvanised or stainless-steel systems are suitable for outdoor use or in highly corrosive atmospheres. Users can also combine the required modular components depending on the conditions of the building and the circumference of the conduit. The fully hot-dip galvanised fischer heavy-duty system FMS replaces the need for secondary steel constructions during heavy installations, reducing costs by up to 30 per cent. The modular fischer universal channel system FUS also helps install medium to heavy pipe systems using rapid push-through connections for the channels. Lightweight loads can be installed using the simple ‘Clix’ mechanism with the fischer light channel system FLS.

      fischer installation grids can be created with FUS channels. These grids allow the media connections in factories, production facilities and similar buildings to be converted and reconfigured effectively and economically at anytime and anywhere. The new FYJB bracing element provides added flexibility for bracing and suspending installation grids on steel structures.

      Fire-proof pipe supports and conduit installations can be designed and carried out with products and systems by fischer. The European Technical Assessment (ETA) for the fischer FUS channels certifies the products’ proof of usability under fire exposure according to stringent requirements. This ETA 21/0140 is based on the European Assessment Document (EAD) 280016-00-0602 for pipe support systems. Additional products and systems by fischer retain their load-bearing capacity long enough to give people time to leave the building safely in the event of a fire. Safety is ensured by fire protection test reports in accordance with the criteria of the German Guideline on Conduits (LAR) based on MLAR 2015 for installation in escape and rescue routes. The test reports further certify a fire resistance rating of R30 to R120 as per EN 1363-1/ F30 to F120 under DIN 4102-2. Fix points and sliding elements complete the range. Coordinated system solutions capable of absorbing the thermal expansion of pipes cover all types of loads, from lightweight to heavy pipe systems.

      The fischer range comprises numerous pipe clamps, both with and without sound insulation inserts, as well as construction elements and accessories to fasten light, medium and heavy pipes made of various materials for all types of conduit systems. The range further includes sprinkler loop hangers, pipe clamps, beam clamps and fastening elements approved by Germany’s Property Insurer Associations, such as FM and VdS, certifying their safe application in sprinkler systems. Plugs and anchors suitable for sprinkler systems feature CE marking based on the relevant ETA.

      Last but not least, fischer’s range of technical building equipment solutions comprises system solutions tailored to custom applications, such as the innovative fischer all-in-one systems for flat roof installations. Through targeted load distribution, the systems prevent stress to the roof sealing and insulation layer, thereby preventing damage to the surface. These clever solutions can be used to install secure and sealed air conditioning units, ventilation ducts, pipe systems, cable systems and other technical building equipment installations on flat roofs.

      Suitable fixing solutions are part of fischer’s all-in-one system for technical building equipment installations. These solutions include the intelligent fischer DuoLine plugs with an innovative combination of materials that either fold, expand or knot depending on the construction material, allowing hanger bolts to be installed in any anchor base. The fischer UltraCut FBS II concrete screw with a diameter of 6 mm is also widely used. Its approval for multiple anchorages of non-load-bearing systems makes it ideal for fastening pipe systems, cable runs and channel systems alongside other applications in technical building equipment.

      Wide range of technical building equipment services From planning and implementation to documentation and subsequent monitoring of buildings and facilities, fischer offers a 360-degree service. Digital offers by the fixing expert meanwhile comprise BIM (Building Information Modelling) services and digital scanning tools for existing buildings. Further offers include automated construction with the fischer BauBot construction robot and the Construction Monitoring sensor innovation for efficient structural monitoring. INSTALL-FIX, a tool within the fischer FiXperience design software, supports customers with structural calculations involving the fischer installation systems. In just a few steps, planners and users can obtain a verifiable printout and list of materials of the required components.

      "We at fischer India believe that innovation and customer-centric solutions are the key drivers of success in the fastening industry. Our comprehensive support services, including fire protection solutions and on-site training, ensure that our customers receive the highest level of technical expertise and assistance. By integrating engineering excellence with a focus on safety and efficiency, we aim to revolutionize the construction industry and set new benchmarks. Our global presence and strong commitment to customer satisfaction make us a trusted partner in every project," adds Mr. Mayank Kalra, Managing Director of fischer India.

      fischer provides its customers with further support services, including calculations, surveys, approval procedures, BIM modelling, CAD and fire protection services for optimised planning. The company’s engineering services are consolidated in its fischer Construction Engineering GmbH. During the construction phase, the fixing specialist’s support services range from planning installation, preassembly services and training all the way to on-site briefing and installation. Flexible, customisable fischer office and storage containers provide customers with optimised logistics to increase efficiency on the construction site. The company’s engineers, application engineers and field staff guarantee individual and professional support. With 50 operational subsidiaries around the globe, the fixing expert is always within easy reach of its customers.

      Fischer Building Materials India Private Limited Ward No. 76, Unit 101, First Level, No. 3 (Old 4 Prestige Sigma, Vittal Mallya Rd, Richmond Town, Bengaluru, Karnataka 560001 (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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