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    India weathered Hormuz disruption without fuel shortages: Puri
    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
    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
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    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    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.
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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.
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    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
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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
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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.

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      Kikkoman India Hosts 3rd Annual Culinary Experts Meetup at IHM Kolkata

      April 28, 2025

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      More than 100 professional chefs, restaurateurs gathered and discussed about the future of Chinese cuisine in India MUMBAI, India, April 27, 2025 /PRNewswire/ -- Kikkoman India hosted its 3rd Annual Culinary Experts Meetup on 12th March 2025 at the Institute of Hotel Management (IHM) Taratala, Kolkata, bringing together more than 100 professional chefs, restaurateurs, and culinary thought leaders and culinary students from across the country.

      Leading authorities of Chinese cuisine industry in India, to name a few - Mr. Kabir Advani (CEO of Berco's), and Mr. Anjan Chatterjee (Founder of Mainland China) - gathered in Kolkata, the home of the origin of Chinese food in India, to discuss the future of Chinese cuisine in India.

      Michelin-starred Chinese Chef Ryosuke Tamura from Japan- (CEO/Executive Chef of Itsuka) also participated, and presented 'Ran Mian Burning Noodles', his authentic Chinese dish created using Indian ingredients and Kikkoman.

      The event focused on the theme 'Evolution of Chinese Cuisine in India - Best ingredients, Best skills, Best Know-how,' exploring its rich history, current trends, and future possibilities. The discussions delved into how Indian-Chinese cuisine has evolved over the years, influenced by local ingredients, consumer preferences, and globalization, while highlighting the significance of using authentic ingredients such as Kikkoman Soy Sauce to refine and elevate flavours.

      The event featured an engaging lineup of Keynote Conversations and Panel discussions, each offering deep insights into various aspects of Chinese cuisine in India, inspiring both top chefs and restauranteurs about the future development of Indian Chinese by drawing on global insights.

      Keynote Conversation 1: The past, The present and Future of Chinese Cuisine in India Speakers: Mr. Anjan Chatterjee- Mainland China Mr. Bikramjit Ray- ET Hospitality The evolution of Chinese cuisine in India, particularly in Kolkata, reflects a fusion of Chinese cooking techniques with Indian ingredients and tastes. Indian Chinese cuisine has grown into a distinct culinary identity, shaped by regional preferences, economic factors, and changing consumer expectations. While authenticity is valued, the cuisine thrives on adaptability, balancing bold, spicy, and tangy flavours that resonate with Indian palates. Globalization continues to influence its trajectory, blending tradition with innovation while maintaining its unique character.

      Keynote Conversation 2: The legacy of Kolkata's Chinese community and its role in shaping the unique Indian-Chinese culinary style Speakers: Chef Joel Huang- Eau Chew Mr. Harry Hakuei Kosato- Kikkoman India The legacy of Chinese cuisine in Kolkata is deeply rooted in family-run establishments like Eau Chew, one of the city's oldest Chinese restaurants. Generations of the Tangra community have played a vital role in shaping Indian Chinese cuisine, preserving traditional flavours and cooking methods. While evolving customer preferences and new restaurant brands have influenced the culinary landscape, the essence of Indian Chinese food remains in its home-cooked authenticity. A growing appreciation for traditional flavours is drawing people back to heritage eateries, even as they adapt by incorporating modern ingredients like Kikkoman soy sauce, blending tradition with contemporary tastes.

      Panel Discussion 1: What exactly is 'Indian-Chinese'? Moderated by: Mr. Bikramjit Ray- ET Hospitality Panelists: Mr. Anjan Chatterjee- Mainland China Chef Jerry Thomas- PF Chang's Ms. Rukshana A Kapadia- Ammolite Ideators Chef Vaibhav Bhargava- Abv Hospitality Chef Jiten Acharya- Haldiram Skill Academy Indian Chinese cuisine is a distinct fusion of Chinese cooking techniques and local Indian ingredients, evolving regionally across the country. Key ingredients like green chilies, coriander, potatoes, and capsicum, which are not traditionally used in Chinese cooking, have become defining elements of the cuisine. Its development has been shaped by ingredient availability and the Indian preference for bold, spicy, and tangy flavours. While globalization and changing consumer preferences may drive a shift towards more authentic Chinese flavours, the enduring popularity of classic Indian Chinese dishes ensures that this unique culinary style will continue to thrive.

      Keynote Conversation 3: Explain how Japanese Chinese cuisine has evolved Speakers: Chef Ryosuke Tamura- Itsuka Harry Hakuei Kosato- Kikkoman India Chef Ryosuke Tamura, a Michelin-starred chef from Tokyo, shared his approach to Chinese cuisine as a Japanese chef, emphasizing the importance of respecting and enhancing ingredients rather than overpowering them. He highlighted the skill required to use Kikkoman soy sauce effectively, ensuring harmony in flavours. Drawing from his experiences across different regions, he reflected on the variations in Chinese cuisine in Japan, China, and India, and how Indian Chinese cuisine could evolve by learning from these diverse perspectives. The discussion also underscored the need for education and training to help chefs better understand and utilize high-quality ingredients like Kikkoman soy sauce.

      Panel Discussion 2: How 'Indian-Chinese' should be refined in the future - Sophistication and diversity Moderated by: Mr. Harry Hakuei Kosato- Kikkoman India Panelists: Mr. Kabir Advani- Berco's, Chef Khaja Zafarulla- Kikkoman Expert Chef, Chef Ryosuke Tamura- Itsuka, Ms. Josephine Huang- Eau Chew, Chef Anthony Huang- Kalyani Techpark, Mohammed Ibrahim Akram- Beijing Bites Some panellists felt the classic Indian Chinese dishes are still incredibly popular and successful, while others argued for moving towards more authentic flavours and higher-quality ingredients.

      There's a growing interest in using authentic ingredients and techniques, shifting away from overly heavy sauces. Kikkoman soy sauce was highlighted as a key ingredient for enhancing flavours naturally and achieving more authentic tastes, with its naturally fermented umami being preferred over artificial enhancers.

      The Indian Chinese could learn from Japanese Chinese cuisine, which often has a deeper understanding of Chinese cooking techniques and ingredients. Customers are increasingly aware of ingredient quality and health concerns, driving demand for better ingredients and lighter, healthier dishes.

      The future of Indian Chinese likely involves a balance. Popular traditional dishes will remain, but there's also a strong push towards exploring more authentic flavours and using higher-quality ingredients, with products like Kikkoman playing a significant role in this shift.

      Panel Discussion 3: Educating the next generation Chef about Chinese and Asian Cuisine using authentic ingredients Moderated by: Chef Sushil Multani- Saulo Foods Panelists: Chef Jiten Acharya- Haldiram Skill Academy, Chef Saby Gorai- Celebrity Chef, Chef Altamsh Patel- Hilton Hotel, Chef Abhiru Biswas- Eastern India Culinary Association, Chef Samuel Labher- IHM, Kolkata, Mr. Prashant Issar- Bellona Hospitality The discussion explored the scientific foundations of cooking methods, emphasizing how chefs are increasingly studying the science behind traditional techniques. Professionals from diverse culinary backgrounds shared insights on how different cuisines influence cooking methods and ingredient perceptions. For instance, the same fish dish is prepared differently in Japanese, Indian, and French cuisines, showcasing varied approaches to technique and flavour. By integrating scientific understanding with traditional knowledge, chefs can discover new culinary possibilities, unlocking innovative flavours and refining their craft.

      Kikkoman India started operations in February 2021 and launched the Kikkoman Honjozo Authentic Soy Sauce Experience programme in October of the same year. The Culinary Experts Meeting is part of the Kikkoman Honjozo Authentic Soy Sauce Experience. The goal of the event is to generate new ideas and interaction among culinary professionals through interesting discussions on food-related topics. With over 350 years of history and an unwavering commitment to India, Kikkoman aims to contribute to the creation of delicious new experiences in India for the next 100 years and beyond.

      About the Kikkoman Honjozo Authentic Soy Sauce Experience in India Kikkoman is on a mission to put a bottle of Kikkoman Soy Sauce on the shelf of every Indian kitchen. Having started to expand its operations in India, Kikkoman India is pleased to announce the Honjozo Authentic Soy Sauce Experience. The goal is to make its popular, naturally brewed Kikkoman Soy Sauce an everyday ingredient for all restaurants and households. Launching this movement across India is the first of many activities to introduce Japan's No. 1 soy sauce brand to India.

      The Honjozo Experience movement comprises three elements: Developing talent and fostering exchanges among chefs; educating everyone on the use of soy sauce through cooking sessions and contests; and learning the contribution Kikkoman Soy Sauce can make by experimenting through R & D in food culture.

      Chefs are going to cook up a storm using Kikkoman Soy Sauce. From professional chefs to student chefs, all are going to experiment and learn what can be done with it. Through cooking contests, videos, talks, and workshops, the Honjozo Experience movement will bring together chefs, students, restaurants, hoteliers, the media, and industry leaders as well as government representatives to explore how Kikkoman Soy Sauce can enrich any and all dishes served in India.

      About Kikkoman and Kikkoman India With a history spanning over 350 years and based in Japan, the current Kikkoman corporate entity was established through the merger of eight families in 1917. The company's internationalization strategy began some 60 years ago, with its entry into the United States market. Kikkoman has become a global business, expanding to over 100 countries, with 11 soy sauce production sites worldwide that distribute its products all over the world to millions of consumers.

      Kikkoman India is solely responsible for importing all Kikkoman products, and is responsible for managing all production, marketing, sales, and distribution in India.

      Link to Media kit - https://drive.google.com/drive/folders/1PlO2RqGoG_xcNeq-Cq1Puguj8_PObRqw?usp=sharing Press Contact Chavi Singh, [email protected], +91 86554 21677 Photo - Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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