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    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
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    August 7, 2026
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    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
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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
    Show AI Summary
    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.

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      QpiAI Announces Dawn of Quantum Era in India With 25 Qubit Quantum Computer

      April 16, 2025

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      Bangalore, Karnataka, India – Business Wire India • QpiAI announces India's most powerful quantum computer, code-named Indus Quantum Computer.

      • QpiAI has a roadmap to extend to 64 (code-named Kaveri), 128 (code-named Ganges), and 1000 qubits (code-named Everest) NISQ quantum computers with applications in scientific research, simulations, healthcare, and education by 2025, 2027, and 2028.

      • Furthermore, it has a roadmap for fault-tolerant quantum computers with error correction for commercial applications based on logical qubits, with the first superconducting logical qubit code-named Yukti (by 2026), followed by a 5-logical-qubit system code-named Shakti (by 2027), and a 100-logical-qubit system code-named Unnati (by 2030).

      • QpiAI's fault-tolerant quantum computers aim to achieve breakthroughs in healthcare, pharma, manufacturing, materials, cybersecurity, and finance.

      • QpiAI will onboard its customers on its 25-Qubit Quantum Computer via its private datacenters and public cloud.

      • QpiAI will offer its datacenter module with integration of Quantum and HPC racks, networking switches, and software stack (system and application software) to datacenter players who intend to incorporate quantum capabilities.

      • QpiAI is positioned as a next-gen datacenter advanced compute system and technology provider.

      QpiAI, a leader in quantum computing and generative AI, announced its First Quantum computer launch code named QpiAI Indus Quantum Computer.

      Dr Nagendra Nagaraja, CEO and Founder of QpiAI, said, "We are excited about our roadmap to commercialize quantum computers, leveraging large-scale qubit integration and logical qubits. The T1 and T2 times for our current 25-Qubit Indus Quantum Computer are 30 μs and 25 μs, respectively, characterized by our in-house developed quantum control electronics cluster, and are expected to increase to 100 μs soon. Furthermore, with our patented qubit architecture, we expect to reach a T1 time of 1 ms in early 2026. With single-qubit gate fidelity of 99.7% and two-qubit gate fidelity of 96%, supporting all native gate sets, our system is interfaced with QpiAI quantum software SDKs for application development. We will soon be expanding to 64-qubit quantum computers. We will have rich partnerships with fellow component suppliers, large pharma and chemical companies, data center players, and hyperscalers to commercialize quantum computing. Our key IP lies in using an AI-based agentic system to manufacture qubits and fine-tune them to obtain desired fidelity, error correction, and noise levels, where the Agentic AI system in our datacenter works in a closed loop with the quantum computer." Department of Science and Technology (DST) who is also shareholder of QpiAI via NQM (National Quantum Mission) announced QpiAI Indus Quantum computer in a LinkedIn post https://www.linkedin.com/posts/indiadst_worldquantumday-nqm-activity-7317554620015288320-jYgH?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAEhG18BESsICj9lOj3oH7lnWocQr9DW9Lk QpiAI Quantum and AI Full-Stack Vertical Integration QpiAI has developed full-stack quantum computing technology vertically integrating AI and Quantum computing systems combining AI, quantum computers, algorithms, software, and applications. The Gen-1 QpiAI system is built with efficient Quantum-HPC integration with a colocated HPC datacenter for high-throughput and low-latency computing. The QpiAI quantum applications stack combines AI-driven quantum compilation with application-specific architectures for maximizing hybrid quantum-classical performance. QpiAI Quantum software platforms and products, including QpiAI-Logistics, QpiAI-Opt, QpiAI-ML, QpiAI-Pharma, and QpiAI-Matter, are targeted for core quantum applications in logistics, finance, material discovery, and pharma industries.

      QpiAI Quantum QPU Technology QpiAI quantum computers use superconducting qubits and roadmap to experiment with CMOS-based spin qubits in future models. The current generation of qubits is based on various architectures of superconducting qubits design. QpiAI NISQ (Noisy Intermediate-Scale Quantum) qubits and QpiAI FTQC (Fault-tolerant Quantum Computing) qubits are based on QpiAI proprietary qubit architecture named QpiAI Qubits. Transmon qubits are stabilized and error-corrected based on the surface codes with various distances. For higher reliability in fault-tolerant computing, QpiAI FTQC Qubits are error-corrected using Q-LDPC codes with new architectures invented by QpiAI to ensure high performance and low error rates.

      Quantum computing today faces limited scalability and reliability challenges due to errors from decoherence, noise, and gate inaccuracies, impacting readiness for industrial applications. To address these, QpiAI is advancing error mitigation on NISQ devices with built-in Surface code schemes, and implementing Q-LDPC codes within our fault-tolerant roadmap. We aim to create scalable, reliable quantum systems capable of supporting complex, high-impact applications.

      AI Technology QpiAI has built advanced next generation generative AI and agentic AI systems that can autonomously navigate complex scenarios and build emergent intelligence through agent-based modeling. Our optimized data-to-intelligence stack and high-performance infrastructure enables modeling and automation at unprecedented scales, while ensuring a seamless transition to quantum-based modeling in the future with the optimal combination of bits, qubits, and neurons.

      About QpiAI QpiAI (https://www.qpiai.tech) is a Bangalore based deep-tech startup pioneering the convergence of Artificial Intelligence and Quantum Computing to solve some of the world’s most complex industrial and scientific challenges. QpiAI’s vertically integrated stack enables seamless innovation across hardware, software, and applications. The portfolio includes QpiAI-Explorer, an education platform; QpiAI-Quantum, offering SDKs, compilers, and simulators for quantum development; QpiAI-Opt, a powerful optimization engine for scientific and industrial use cases; QpiAI-Logistics, for route planning and supply chain optimization; QpiAI-Pharma, designed for drug discovery and protein-ligand modeling; QpiAI-Pro, a generative AI development suite; and QpiAI Agent-Hive, enabling intelligent agentic AI workflows.

      To View the Image, Click on the Link Below: QpiAI Gen-1 25 qubit Quantum computer Indus, picture from QpiAI Bangalore centre with CEO Dr Nagendra Nagaraja (Left) and VP of Quantum hardware Dr Manjunath R V (Right).

      QpiAI NISQ Quantum Computer Roadmap.

      QpiAI FTQC Quantum Computer Roadmap.

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

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