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    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
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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
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    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”
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    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
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    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.
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    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.
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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.
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
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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.
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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.
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
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    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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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
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      Cross-border links to Pahalgam attack: India downgrades diplomatic ties with Pak; Sketches of 3 terror suspects released

      April 24, 2025

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      New Delhi/Srinagar, Apr 23 (PTI) Underscoring the "cross-border linkages" of the Pahalgam terror attack, India on Wednesday downgraded diplomatic ties with Pakistan as it announced five major measures that also included suspension of the Indus Water Treaty and expulsion of Pakistani military attaches.

      As India turned up the heat on Pakistan with what is seen as retaliatory measures after the carnage in Jammu and Kashmir on Tuesday that left 26 people, mostly tourists, dead, Defence Minister Rajnath Singh also vowed a "strong response" in the "near future." Immediate shutting down of the Attari land-transit post was among the measures announced after a meeting of the Cabinet Committee on Security(CCS).

      India will not only hunt down the people who perpetrated the attack but will also trace those "sitting behind the scenes" who had conspired to carry out the massacre on the Indian soil, a sombre-looking Singh said at a public event in Delhi.

      The CCS met this evening under the chairmanship of Prime Minister Narendra Modi and firmed up the responses to the brazen attack which has evoked worldwide condemnation.

      The CCS was given a briefing on the incident including the "cross-border linkages" of the terrorist attack, Foreign Secretary Vikram Misri told a late evening press briefing.

      "It was noted that this attack came in the wake of the successful holding of elections in the Union Territory (Jammu and Kashmir) and its steady progress towards economic growth and development," he said.

      "It(the CCS) resolved that the perpetrators of the attack will be brought to justice and their sponsors held to account." Security agencies also released sketches of three Pakistani terrorists as a grim Centre took stock of the situation and anguished families bid adieu to the men they had loved and lost. The Resistance Front (TRF), a shadow outfit of the banned Pakistan-based terror outfit Lashkar-e-Taiba (LeT) has claimed responsibility for the attack.

      Officials said that initial investigations into the carnage also indicated that the number of terrorists involved could be between five and seven, aided by at least two local militants who received training in Pakistan, officials said.

      The CCS also decided to close the Integrated Check Post at Attari with immediate effect, Misri said. Attari is the main border crossing checkpost.

      It is learnt that the CCS meeting held at the prime minister's 7, Lok Nayak Marg residence lasted for around two-and-a-half hours.

      Besides the prime minister, Home Minister Amit Shah, Defence Minister Singh and External Affairs Minister S Jaishankar were present at the meeting, along with National Security Adviser Ajit Doval and senior bureaucrats.

      Shah briefed the prime minister on the attack and discussed the measures to be taken in its aftermath.

      At the media briefing, Misri said Pakistani nationals will not be permitted to travel to India under the SAARC Visa Exemption Scheme (SVES) and any such visas issued in the past to Pakistani nationals are deemed cancelled.

      The CCS decided that the Indus Waters Treaty of 1960 will be held in abeyance with immediate effect, until Pakistan credibly and irrevocably abjures its support for cross-border terrorism, he said.

      On closing of the Attari post, Misri said those who have crossed over with valid endorsements may return through that route before May 1.

      Misri said, "The defence, military, naval and air Advisors in the Pakistani High Commission in New Delhi are declared Persona Non Grata." They have a week to leave India, he added.

      India will be withdrawing its own defence, navy and air advisors from the Indian High Commission in Islamabad, he said.

      "These posts in the respective High Commissions are deemed annulled. Five support staff of the Service Advisors will also be withdrawn from both High Commissions." "The overall strength of the High Commissions will be brought down to 30 from the present 55 through further reductions, to be effected by May 1." Misri said the CCS reviewed the overall security situation and directed all forces to maintain high vigil.

      "As with the recent extradition of Tahawwur Rana, India will be unrelenting in the pursuit of those who have committed acts of terror, or conspired to make them possible," he said.

      Prime Minister Modi, who cut short his visit to Saudi Arabia, met Jaishankar and Doval in the morning at the airport itself.

      Rajnath Singh also reviewed the security situation in Jammu and Kashmir with Chief of Defence Staff Gen Anil Chauhan, the three service chiefs, defence secretary and the director general of military operations.

      It is learnt that Singh directed the armed forces to enhance their combat readiness and increase intensity of anti-terror operations.

      It was a day of hushed silences, angry discussions and cries of despair as an entire nation mourned those killed in the brazen attack targeting holidayers in the scenic expanse of the Baisaran meadow, six kilometres from Pahalgam.

      Other ministers, including Amit Shah, also issued strong statements.

      Shah, who visited Baisaran, met the injured in hospital and chaired security review meetings, also signalled the intent of the government.

      "Bharat will not bow to terror. The culprits of this dastardly terror attack will not be spared," he said reflecting the government’s resolve in the face of the deadliest terror attack since the Pulwama strike and the abrogation of Article 370 in 2019.

      "Those behind the Pahalgam atrocity will face severe consequences." Giving a face to the terrorists behind the massacre, security agencies released the sketches of three of the five men suspected to be involved in the terror attack. They are all Pakistanis, officials said, identifying them as Asif Fauji, Suleman Shah and Abu Talha.

      They had code names -- Moosa, Yunus and Asif -- and were involved in terror-related incidents in Poonch.

      Prepared with the help of survivors, the pencil sketches were in black and white. From the line drawings, they appear to be young and have beards.

      As the top government brass met in Delhi and Srinagar to assess the security implications and strategise on what lies ahead, the families and friends of the 26 men, mostly tourists holidaying in Kashmir, dealt with their individual, very personal tragedies.

      A wave of protests also swept Jammu and Kashmir and other states against the Pahalgam strike, with political parties as well as religious and social organisations asserting that such acts were against Islamic teachings and calling for unity in the face of the challenge posed by terrorists and their backers.

      And in ground zero, Kashmiris sent out a clear message - Not In My Name.

      Srinagar city and other parts of Kashmir shut down, the first time since Article 370 was abrogated and the state was downgraded into a union territory in August 2019.

      The spate of cancelled tourist bookings and the rush to leave Kashmir also indicated the uncertainty of the months to come.

      While the Jammu and Kashmir government condemned the "senseless" killing of 26 people and sanctioned an ex-gratia of Rs 10 lakh to the next of kin of each deceased victim, the J-K police announced Rs 20 lakh bounty for information on terrorists involved in the attack.

      Official sources in Delhi said the Centre will be convening an all-party meeting on Thursday in the wake of the terror attack. Defence Minister Singh is likely to chair it, they said. PTI TEAM MPB SKL MIN RT GSN GSN

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