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    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
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    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.
    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.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
    Show AI Summary
    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.

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      CELEBRATING CULINARY EXCELLENCE: THE ULTIMATE STAR WINNERS OF 2025 UNVEILED BY CULINARY CULTURE

      March 27, 2025

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      BENGALURU, India, March 27, 2025 /PRNewswire/ -- India's most credible and influential restaurant rating platform, Culinary Culture'sUltimate Restaurant Ratings, concluded its spectacular second edition, honoring the best of Indian gastronomy.

      This year's event expanded beyond Mumbai, Delhi, Kolkata, Bengaluru, Goa, and Chennai, introducing four new cities—Hyderabad, Bhopal, Kochi, and Amritsar. With this expansion, the platform now covers 10 of India's top culinary destinations, capturing the rich diversity of the country's evolving food landscape.

      Since its inception, the Ultimate Restaurant Ratings, supported by Lavazza, has set a new benchmark in restaurant evaluation, using rigorous, anonymous inspections to recognize India's most outstanding dining establishments.

      This year, 40 new restaurants earned Ultimate stars for the first time, while six restaurants were promoted from 3 to 4 stars. One restaurant entered directly into the elite 5-star category in its first year—an achievement reserved for the very best.

      More than 200 of India's top restaurateurs, chefs, and team members flew into Bengaluru for the Ultimate Star Revelation Ceremony 2025, making it an unparalleled gathering never before seen in India. The event was a landmark moment for Indian gastronomy, proving that India finally has the 'Stars That Matter.' This year, the Ultimate Restaurant Ratings honored: • 66 restaurants with 3 stars • 22 restaurants with 4 stars • 4 restaurants with the highest 5-star distinction HIGHLIGHTS OF THE NIGHT Special Award Winners • Iconic Restaurant of the Year: Vidhyarthi Bhavan, Bengaluru • Opening of the Year: Banng, Delhi NCR • Restaurant Manager of the Year: Mirelle Pingfu, Mumbai • Mixologist of the Year: Arijit Bose, Bengaluru • Sustainable Restaurant of the Year: Naar, Kausali 5-Star Winners (4 Restaurants) • Bengaluru: Farmlore • Chennai: Avartana • Delhi NCR: Indian Accent • Mumbai: Papa's (New Addition) 4-Star Winners (22 Restaurants) Bengaluru: Karavalli, Lupa, Naru Noodle Bar Chennai: Kappa Chakka Kandhari, Southern Spice Delhi NCR: Bukhara, Dum Pukht, INJA, Megu, The China Kitchen Goa: Cavatina, Hosa, Praça Prazeres Kochi: Karthiyayini, Restaurant Chef Pillai Kolkata: 6 Ballygunge Place, Avartana Mumbai: Americano, Ekaa, Masque, O Pedro, Trèsind 3-Star Winners (66 Restaurants) Amritsar: Beera Chicken House, Kulwant Singh Kulchian Wale, Grain by Elgin, Kesar Da Dhabha, Makhan Fish and Chicken Corner, Phulkari Bengaluru: Bengaluru Oota Company, Central Tiffin Room, Kappa Chakka Kandhari, Kopitiam Lah, Nāvu, Wabi Sabi Bhopal: Hakeem's, Shahnama, Shri Balaji Namkeen, Under the Jamun Tree Chennai: Erode Amman Mess, The Farm, Gossip Bistro Delhi NCR: Comorin, Dhilli, Loya, Olive Bar & Kitchen, Omo, Tres, Shang Palace, Swan Goa: Bawri, Bomras, Izumi, Jamun, Slow Tide, The Second House, Grumps, Heliconia, Petisco Hyderabad: Aidu, Dum Pukht Begum's, Once Upon A Time, Simply South, The Spicy Venue, Rü Kochi: Grand Pavilion, Malabar Cafe, Paragon, Rice Boat Kolkata: Royal Indian Restaurant, Sienna, Sonar Tori, The Blue Poppy Thakali, Popo's Mumbai: Avartana, Indian Accent, Izumi, La Loca Maria, Masala Library by Jiggs Kalra, Mizu Izakaya, Shree Thaker Bhojanalay, Soam, Swati Snacks, The Bombay Canteen, Wasabi by Morimoto, Bandra Born, Otra, Seefah, The Table Vir Sanghvi, Chairman of Culinary Culture, said: "At Culinary Culture, we've always pioneered initiatives that shape and elevate India's F&B industry. From launching the country's first-ever street food awards to creating India's first chef ranking platform, our mission has remained consistent—to celebrate excellence in a way that's honest, transparent, and free of bias. The Ultimate Restaurant Ratings is another game-changing first for India, and we're thrilled by the overwhelming response it has received. I'm especially excited about expanding to Amritsar, Bhopal, Kochi, and Hyderabad this year—cities rich in culinary heritage that have long deserved national recognition. What's been particularly heartening is how our plaques are now being proudly displayed by restaurants across the country—symbols that diners have come to trust. When people see an Ultimate plaque with stars, they know they're stepping into a place that has earned it purely on merit. We hope restaurants continue to honour this responsibility and keep delivering joy, integrity, and excellence to every guest who walks through their doors." Raaj Sanghvi, CEO of Culinary Culture, added: "This is the first and only rating platform of its kind in India—dynamic, anonymous, and entirely merit-based. Restaurants are re-evaluated regularly, which means they can gain or lose stars based purely on consistency and performance. That's why the best in the industry show up—because they know these are the only stars that truly matter. Next year, we plan to take the platform to more cities. There's incredible culinary talent in smaller towns that often goes unrecognised, and it's time we shine a spotlight on them. We'll also continue rotating the host city each year to ensure the industry celebrates excellence across every corner of the country. Through this platform, we hope to showcase the richness of India's culinary culture to the world—and remind ourselves how much we have to be proud of." Mr. A Venu Madhav, CEO of Fresh and Honest Pvt. Ltd. (Lavazza India), said: "Lavazza is proud to partner with Culinary Culture's Ultimate Restaurant Ratings, which stands as India's first and only annual star rating system for restaurants. Lavazza has long been committed to quality and craftsmanship, values that align perfectly with the goals of the Ultimate Restaurant Ratings. Our longstanding tradition of excellence in the coffee industry complements the mission of this pioneering platform in its quest to recognize and reward culinary brilliance. By collaborating with Culinary Culture's Ultimate Restaurant Ratings, we are proud to contribute to the recognition of outstanding culinary achievements and the promotion of India's vibrant culinary culture." The Ultimate Restaurant Ratings is proudly supported by Lavazza, Johnnie Walker, Veeba, Bisleri Vedica, and Newby Tea—brands that share the vision of elevating India's vibrant F&B industry.

      How the Ratings Work India's first and only restaurant rating system of its kind, the Ultimate Restaurant Ratings follows a meticulous, anonymous, and merit-based evaluation process, making it a trusted benchmark for Indian gastronomy.

      3 Stars – Very Good 4 Stars – Excellent 5 Stars – The Ultimate Unlike traditional restaurant awards in India—many of which are influenced by sponsorships, advertising pressures, or fees paid by restaurants for nominations—Culinary Culture's rating system is built on integrity. Each restaurant is evaluated anonymously by full-time referees through a rigorous multi-stage process, which includes nominations, anonymous screenings by Food Referees, in-depth debates, and a final distillation process to ensure only the most deserving establishments receive recognition.

      The platform remains entirely independent and does not accept any fees from restaurants for nominations or inclusion.

      About Culinary Culture Culinary Culture is India's definitive voice in food, co-founded by Vir Sanghvi and Sameer Sain. As the country's only authoritative, independent, and unbiased rating organization, it celebrates culinary excellence at every level—from fine dining to street food. Beyond ratings, Culinary Culture is known for bringing the world's most celebrated chefs to India, including Massimo Bottura, Virgilio Martinez, Mauro Colagreco, Alain Ducasse, and Heston Blumenthal, while also providing a global platform for Indian chefs. It owns several pioneering intellectual properties, including FoodSuperstars, Culinary Conversations, and StreetFoodSuperstars, and creates engaging culinary content throughout the year, shaping the future of India's culinary landscape.

      Join India's Culinary Revolution! Follow us on Instagram: @CulinaryCultureCo Visit: www.CulinaryCulture.co For PR & Media Inquiries: Nikhila Palat +91 98200 33396 Photo: 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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