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    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
    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
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    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
    Show AI Summary
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Countries shore up their digital defences as global tensions raise threat of cyberwarfare

      April 20, 2025

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      Washington, Apr 20 (AP) Hackers linked to Russia's government launched a cyberattack last spring against municipal water plants in rural Texas. At one plant in Muleshoe, population 5,000, water began to overflow. Officials had to unplug the system and run the plant manually.

      The hackers weren't trying to taint the water supply. They didn't ask for a ransom. Authorities determined the intrusion was designed to test the vulnerabilities of America's public infrastructure. It was also a warning: In the 21st century, it takes more than oceans and an army to keep the United States safe.

      A year later, countries around the world are preparing for greater digital conflict as increasing global tensions and a looming trade war have raised the stakes — and the chances that a cyberattack could cause significant economic damage, disrupt vital public systems, reveal sensitive business or government secrets, or even escalate into military confrontation.

      The confluence of events has national security and cyber experts warning of heightened cyberthreats and a growing digital arms race as countries look to defend themselves.

      At the same time, President Donald Trump has upended America's digital defences by firing the four-star general who led the National Security Agency, shrinking cybersecurity agencies and slashing election cybersecurity initiatives.

      Businesses now are increasingly concerned about cyberattacks, and governments have moved to a war footing, according to a report this month by NCC Group, a British cybersecurity firm.

      “The geopolitical dust is still settling,” said Verona Johnstone-Hulse, a London-based expert on government cybersecurity polices and the report's co-author. “What the new normal looks like is still not yet set.” Many in the US are already calling for a more muscular approach to protecting the digital frontier.

      “Hybrid war is here to stay,” said Tom Kellermann, senior vice president of cyberstrategy at Contrast Security. “We need to stop playing defense — it's time to make them play defence.” Digital life means more targets for hackers Vulnerabilities have grown as people and businesses use connected devices to count steps, manage finances and operate facilities such as water plants and ports. Each network and connection is a potential target for foreign governments or the hacking groups that sometimes do their bidding.

      Espionage is one motive, demonstrated in a recent incursion linked to hackers in China. The campaign known as Salt Typhoon sought to crack the phones of officials, including Trump, before the 2024 election.

      These operations seek entry to sensitive corporate or government systems to steal secrets or monitor personal communications.

      Such information can be hugely valuable by providing advantages in trade negotiations or military planning. These hackers try to remain hidden for as long as possible.

      More obvious intrusions can serve as a warning or deterrent, such as the cyberattacks targeting the Texas water plants. Iran also has shown a willingness to use cyberattacks to make political points.

      The cyberattacks that frighten experts the most burrow deeply into telephone or computer networks, inserting backdoors or malware for later use.

      National security experts say this was the motivation behind a recent attack from China called Volt Typhoon that compromised telephone networks in the US in an effort to gain access to an unknown number of critical systems.

      China could potentially use these connections to disable key infrastructure — power plants, communication networks, pipelines, hospitals, financial systems — as part of a larger conflict or before an invasion of Taiwan, national security experts said.

      “They can position their implants to be activated at a date and time in the future,” said Sonu Shankar, a former researcher at Los Alamos National Laboratory who is now chief strategy officer at Phosphorus Cybersecurity.

      National security officials will not discuss details, but experts interviewed by The Associated Press said the US no doubt has developed similar offensive capabilities.

      China has rejected US allegations of hacking, accusing America of trying to “smear” Beijing while conducting its own cyberattacks.

      Global tensions tick up Wars in Ukraine and the Middle East. Trade disputes. Shifting alliances. The risk of cyberattacks goes up in times of global tension, and experts say that risk is now at a high.

      US adversaries China, Russia, Iran and North Korea also have shown signs of cybercooperation as they forge tighter economic, military and political relationships.

      Speaking to Congress, Director of National Intelligence Tulsi Gabbard noted that Iran has supplied drones in exchange for Russian intelligence and cybercapabilities.

      “Russia has been the catalyst for much of this expanded cooperation, driven heavily by the support it has needed for its war effort against Ukraine,” Gabbard told lawmakers.

      Amid global fears of a trade war after the tariffs that Trump has imposed, supply chains could be targeted in retaliation.

      While larger companies may have a robust cyberteam, small suppliers that lack those resources can give intruders easy access.

      And any tit-for-tat cycles of cyberconflict, in which one country hacks into a sensitive system as retaliation for an earlier attack, come with “great risk” for all involved, Shankar said. “It would put them on the path to military conflict." The Trump effect At a time when national security and cybersecurity experts say the US should be bolstering its defences, Trump has called for reductions in staffing and other changes to the agencies that protect American interests in cyberspace.

      For example, Trump recently fired Gen. Timothy Haugh, who oversaw the NSA and the Pentagon's Cyber Command.

      The US faces “unprecedented cyber threats”, said Virginia Sen. Mark Warner, the top Democrat on the Senate Intelligence Committee. He has asked the White House to explain Haugh's departure. “How does firing him make Americans any safer?" Warner said.

      Also under Trump, the US Cybersecurity and Infrastructure Security Agency placed on leave staffers who worked on election security and cut millions of dollars in funding for cybersecurity programmes for local and state elections.

      His administration eliminated the State Department's Global Engagement Centre, which tracked and exposed foreign disinformation online.

      The CIA, NSA and other intelligence agencies also have seen reductions in staffing.

      The administration faced more questions over how seriously it takes cybersecurity after senior officials used the popular messaging app Signal to discuss sensitive information about upcoming military strikes in Yemen. Gabbard later called the episode a mistake.

      The officials in charge of America's cybersecurity insist Trump's changes will make the US safer, while getting rid of wasteful spending and confusing regulations.

      The Pentagon, for instance, has invested in efforts to harness artificial intelligence to improve cyber-defences, according to a report provided to Congress by Lt. Gen. William J. Hartman, acting commander of the NSA and Cyber Command.

      The changes at the Cybersecurity and Infrastructure Security Agency come as its leaders consider how best to execute their mission in alignment with the administration's priorities, a CISA statement said.

      “As America's Cyber Defence Agency, we remain steadfast in our mission to safeguard the nation's critical infrastructure against all cyber and physical threats,” the statement read.

      "We will continue to collaborate with our partners across government, industry, and with international allies to strengthen global cybersecurity efforts and protect the American people from foreign adversaries, cybercriminals, and other emerging threats.” Representatives for Gabbard's office and the NSA didn't respond to questions about how Trump's changes will affect cybersecurity.

      Signs of progress? Despite shifting alliances, a growing consensus about cyberthreats could prompt greater global cooperation.

      More than 20 nations recently signed on to an international framework on the use of commercial spyware. The US has signalled it will join the non-binding agreement.

      There's also broad bipartisan agreement in the US about the need to help private industry bolster defences.

      Federal estimates say the cybersecurity industry needs to hire an additional 500,000 professionals to meet the challenge, said Dean Gefen, former chief of cybertraining for Israel's Defence Intelligence Technological Unit. He's now the CEO of NukuDo, a cybersecurity training company.

      “Companies need effective guidance from the government — a playbook," Gefen said. “What to do, what not to do.” (AP) PY PY

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