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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    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
    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
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    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
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    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    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.
    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
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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
    Show AI Summary
    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
    Show AI Summary
    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
    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
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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.

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      DWP Prive Concludes Sri Lanka Edition, Uniting Global Wedding Experts

      April 24, 2025

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      New Delhi [India], April 24: DWP Privé, the limited edition of one of the most globally distinguished B2B wedding platforms curated by QnA International, came to a successful close after three days of engaging conversations, cultural exchange, and industry-defining dialogue. Held at the iconic Cinnamon Life, City of Dreams, in Colombo, Sri Lanka, this edition brought together some of the finest minds in luxury weddings, design, planning, and hospitality from across continents.

      Speaking of the extravaganza on behalf of the host hotel partner, Sanjiv Hulugalle, Senior Vice President & General Manager, Cinnamon Life at City of Dreams, Colombo, Sri Lanka, shared a bold vision — reimagining Colombo as a global luxury wedding destination, highlighting how storytelling, innovation, and powerful partnerships are key to transforming perceptions and placing Colombo firmly on the world stage.

      Commenting on the huge role Cinnamon contributed, Lisa Mendis, Director of Events, Cinnamon Life at City of Dreams, Sri Lanka, shares, “I think for us it’s a first time, and it’s been phenomenal. We have met so many lovely people, a lot of planners and vendors, and all industry people related to weddings. It has been an amazing experience. So, as a host hotel, Cinnamon Life at City of Dreams, Sri Lanka, I think it gave us an exposure, put ourselves in the map of international market giving us that opportunity where we can tell people our story and also take their story to us and kind of create a nice marriage between the two. It has given us that opportunity, and a room for more business collaborations.” The event combined business with experience, from high-level dialogues to unforgettable gala evenings, and cultural performances that celebrated Sri Lanka’s gracious welcoming and stunning culture. It opened with an introductory cocktail night, where delegates connected over curated experiences and meaningful introductions. Day 2 unfolded with keynote conversations, masterclasses, and deep dives into creativity, storytelling, and the evolving landscape of weddings. Top designers opened up the day, holding conversations that deeply reflected on the event and design space. Preston Bailey, globally renowned floral and event designer, reflected, “One advice I’d give anyone entering this space is to create your own story. Don’t copy, especially if you want to be in the luxury space, where uniqueness is everything. Indian weddings are setting global benchmarks, and they’re rooted in detail, warmth, and structure. Even the most intimate Indian wedding feels elaborate, and that’s what makes it extraordinary. DWP has created a rare space that honours this global exchange, and I’ve felt like royalty here.” Adding to the design perspective, Sumant Jayakrishnan remarked, “At the heart of any good design is a story. Whether I’m working with florals, set pieces, or spaces, I always ask, ‘What narrative am I building?’ Technology and trends can be exciting tools, but they should never replace intention. True design doesn’t come from spectacle; it comes from meaning. And that’s what makes platforms like DWP so essential. They bring together diverse voices, cultures, and sensibilities, reminding us that while our languages may differ, emotion is universal. That shared connection is what takes creativity beyond aesthetics. Whether it’s 3D mapping or a floral skull sculpture, it has to serve the story. That’s what young designers need to remember: we’re storytellers first. DWP has become a beautiful meeting ground for these stories to collide, inspire, and evolve.” Day 2 also featured masterclasses by esteemed voices, including Funke Bucknor-Obruthe, Aarti Manocha and Nadia Duran, who each brought regional insights and global learnings to the fore and a fabulous mind blowing experience by the renowned mentalist and hynotist, Juliet Arndt that left the audience with the important faith of manifestation and power of positive thinking.. Commenting on the same, Tapiwa Mukoti, Managing Director, RSVP Events, Africa, shares, “A refreshing experience with a vibrant new lineup of delegates, bringing fresh perspectives to the event. The well-curated topics, insightful speakers, and high-quality presentations made it a standout gathering.” The day closed with a gala dinner, followed by a cultural performance and live music that celebrated the essence of Sri Lankan artistry. The afterparty saw OneEmpire light up the evening, offering a powerful close to an inspired day.

      Day 3 opened with sharp and impactful perspectives from industry leaders such as Elizabeth Solaru, Aime Bone, Kathy Wang, Hemant Dadlani, Emma Pope, Mahesh Shirodkar, Rhiannon Downie-Hurst, and Costanza Giaconi, each bringing a distinct regional lens to a global table. The finale day closed with Innovation Pod discussions, with several speakers like Cyrielle Mohara, Bryan Tachie-Menson, P. Taufiq, and Rani Moriani initiating scintillating conversations. One in particular as the Innovation Pod speaker was Devika Narain, one of India’s most influential planners, sparked critical discussion around sustainability in weddings, stressing that “Sustainability doesn’t have to be expensive. It’s about awareness, education, and finding beautiful alternatives that reflect values like avoiding single-use plastics or supporting local artisans. It’s not a perfect path, but it’s one worth choosing.” DWP Sri Lanka Edition has undoubtedly left an indelible mark on the attendees across the world. Acting as a huge platform for veterans around the world to connect and understand the nuances of this industry, it has laid the foundation for the coming years. Alluding to the success and contributions that transpired at this event, Digvijay Singh, Director of Sales & Marketing, Alila Fort Bishangarh, shares: “DWP Privé overall has been fabulous, it’s been great to interact with stalwarts of the industry who are into high-end weddings, and the meetings have been really fruitful. We are almost discussing closures at this point in time.” While Pervez Taufiq, Founder, P. Taufiq Photography, USA, commented, “I feel like this allowed us a more intimate kind of look at people and be able to get to know so many people. It gave us an opportunity to create collaborations and partnerships that, in my opinion, are going to create some amazing, amazing work out of this.” Also commenting on the format and structure of the edition, Guadalupe Alvarez, Director, Penzi Weddings, Mexico, shares, “Love the new format and loved getting to know colleagues from all over the world, it was insane!” DWP Privé Sri Lankan chapter proved to be truly remarkable in the DWP legacy. As relationships grow and ideas continue to unfold, this edition stands as a shining reminder that the future of weddings is as much about stories and not just stages.

      Reflecting on the success of the edition, Sidh NC, Director, QnA International, shared: “There’s nothing quite like DWP Privé. It’s intimate yet global, deeply insightful yet warm in spirit. This edition in Sri Lanka reminded us why we do what we do, be it the energy, the exchange, or the powerful conversations that inspire real change. Bringing the best of the best under one roof was no small feat, and the three days turned out to be intellectually rewarding. We’re proud to carry this forward, and this is only the beginning. Looking forward to the Jordan event commencing later this year.” (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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