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    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
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
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    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
    Show AI Summary
    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
    Show AI Summary
    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
    Show AI Summary
    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
    Show AI Summary
    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.

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      New US airstrike campaign targeting Yemen's Houthi rebels more intense than last, AP review finds

      March 27, 2025

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      Dubai, Mar 27 (AP) A new American airstrike campaign against Yemen's Houthi rebels appears more intense and more extensive, as the US moves from solely targeting launch sites to firing at ranking personnel as well as dropping bombs in city neighbourhoods, an Associated Press review of the operation shows.

      The pattern under US President Donald Trump reflects a departure from the Biden administration, which limited its strikes as Arab allies tried to reach a separate peace with the group. It comes after the Iran-backed Houthis threatened to resume attacking “any Israeli vessel” over the country's refusal to allow aid into the Gaza Strip.

      The Houthi attacks and the response to them have drawn new scrutiny in Washington after security officials in Trump's administration shared plans for the first round of strikes on the rebels in a group chat that included a journalist. But bombing alone may not be enough to stop the Houthis, whose earlier barrage of missile fire toward the US Navy represented the most intense combat it had seen since World War II.

      “Folks that say, 'We'll go in there and take out everyone with the last name Houthi and we'll win.' The Houthi leadership has been taken out in history in the past, and they are resilient," retired US Navy Vice Adm. Kevin Donegan said. “They came back and they grew stronger. So this isn't something that is a one-and-done.” Meanwhile, concerns are growing over civilians being caught in the middle of the campaign. While the US military has not acknowledged any civilian casualties since the strikes began over a week ago, activists fear strikes may have killed noncombatants already in territory tightly controlled by the Houthis.

      “Just because you can't see civilian harm doesn't mean it's not happening,” warned Emily Tripp, the director of the UK-based group Airwars, which studies Western airstrike campaigns.

      A new, intense US airstrike campaign shakes Yemen The Trump campaign began March 15. American warships fired cruise missiles while fighter jets flying off of the USS Harry S. Truman aircraft carrier dropped bombs on Houthi-controlled areas of Yemen, a nation on the southern edge of the Arabian Peninsula that is the Arab world's poorest.

      “No terrorist force will stop American commercial and naval vessels from freely sailing the Waterways of the World,” Trump said in a social media post announcing the campaign, days after his administration reimposed a “foreign terrorist organisation” designation on the Houthis.

      So far, the Houthis say the airstrikes have killed 57 people.

      That's just over half the 106 people the Houthis' secretive leader, Abdul Malik al-Houthi, claimed the US and UK killed during all of 2024. He provided no breakdown of combatants versus noncombatants. Houthi fighters often aren't in uniform.

      Al-Houthi said the two countries launched over 930 strikes last year. The US-based Armed Conflict Location & Event Data Project, known as ACLED, has recorded 305 strikes. The discrepancy between the figures could not be immediately reconciled, though the Houthis could be counting individual pieces of ordnance launched, rather than a single event with multiple bombs used, as ACLED does. The rebels also have exaggerated details in the past.

      Between March 15 to March 21, ACLED reported 56 events. The campaign also has seen the highest number of events in a week since the American bombing campaign began on Yemen during the Israel-Hamas war.

      Trump administration officials have touted the differences between their strikes and those carried out under President Joe Biden.

      “The difference is, these were not kind of pin prick, back and forth, what ultimately proved to be feckless attacks,” Trump's national security adviser, Mike Waltz, told ABC's “This Week” on March 16. “This was an overwhelming response that actually targeted multiple Houthi leaders and took them out.” Waltz has also claimed key members of Houthi leadership, including their "head missileer,” have been killed. The Houthis have not acknowledged any losses in their leadership.

      There are indeed clear differences, said Luca Nevola, the senior analyst for Yemen and the Gulf at ACLED. Under Biden, the focus appeared to be on mobile launchers for missiles and drones, then infrastructure, he said. Trump is targeting urban areas more intensely, judging from the number of strikes on cities so far.

      “It's very likely that somehow the Trump administration is pursuing a decapitation strategy,” Nevola added.

      The Trump administration is also allowing the US military's Central Command, which oversees Mideast operations, to launch offensive strikes at will, rather than having the White House sign off on each attack as under Biden. That will mean more strikes.

      Israel, which has repeatedly been targeted by Houthi missile fire and drones, also launched four rounds of airstrikes in 2024 and another in January.

      Less transparency, growing concerns about civilians being harmed During the Biden administration, Central Command offered details to the public on most strikes conducted during the campaign. Those details often included the target struck and the reason behind it.

      Since the start of the new campaign, however, there's been no similar breakdown.

      Donegan, the retired vice admiral, praised that strategy during a recent call hosted by the Jewish Institute for National Security of America. "You don't tell the enemy what you're going to do, and you don't tell them what you're not going to do.” But that also means the Houthis' description of targets is the only one that's public. They've claimed two attacks targeted an under-construction cancer clinic in the city of Saada, as well as private homes and crowded city neighbourhoods. There's been no effort so far from the US military to either dispute that or offer evidence to support strikes on those targets.

      “It's an extremely complicated information environment in Yemen," Tripp, of Airwars, said. "The Houthis have extensive restrictions on (activists) and operations, media and press.” The US military declined to answer questions regarding possible civilian casualties but said the "Houthis continue to communicate lies and disinformation." “CENTCOM won't provide details on strikes and locations until the operation has concluded, and there is no additional risk to US personnel or assets involved,” it added, using an acronym for Central Command. “At the direction of the president, CENTCOM continues to conduct strikes across multiple Iran-backed Houthi locations every day and night to restore freedom of navigation and restore American deterrence.” Houthi attacks started over the Israel-Hamas war From November 2023 — weeks after the Israel-Hamas war began — until January of this year, the Houthis targeted over 100 merchant vessels with missiles and drones, sinking two and killing four sailors.

      The rebels said the campaign in the Red Sea, the Gulf of Aden and the Bab el-Mandeb Strait connecting the two waterways was carried out in solidarity with Hamas. It stopped with the ceasefire reached in that war in January.

      The attacks greatly raised the Houthis' profile as they faced economic problems and launched a crackdown targeting any dissent and aid workers at home amid Yemen's decadelong stalemated war.

      Since the ceasefire ended, the Houthis have not resumed their attacks on shipping in the vital corridor for cargo and energy shipments moving between Asia and Europe. Still, overall traffic remains sharply reduced.

      A European Union naval force has been patrolling the Red Sea and escorting ships, as well as taking Houthi fire. However, the vast majority of Houthi attacks toward military targets has been pointed at US Navy vessels.

      More US forces move into Mideast as Yemen's future in question The US airstrikes have kept up a daily tempo since beginning March 15. Meanwhile, the USS Carl Vinson and its carrier strike group is to transit into the Middle East.

      That, along with the Truman, will likely give the American military two places to launch aircraft since it hasn't immediately appeared that any strikes came from bases in other Mideast nations — where public sentiment remains strongly with the Palestinians in the Israel-Hamas war.

      The US military also may be bringing additional firepower, as radio transmissions from B-2 stealth bombers and flight-tracking data suggested the US Air Force is moving a number of the aircraft to Diego Garcia in the Indian Ocean.

      But the future of Yemen itself remains in question. The Houthis broadly maintain control over the capital of Sanaa and the country's northwest. Yemen's exiled government is part of a fractious coalition that for now appears unable to wrest any control back from the rebels.

      Meanwhile, Saudi Arabia and the United Arab Emirates, which launched a war 10 years ago against the Houthis, have pushed for peace talks as fighting appears broadly frozen on the ground.

      “The United States can hurt the Houthis, it can weaken them," wrote Gregory D. Johnsen, a Yemen expert at the Arab Gulf States Institute in Washington, “but without effective ground troops — either its own or someone else's — it will not be able to eliminate their capabilities.” (AP) GRS GRS

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