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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
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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.
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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.
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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.
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
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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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      No clear strategy from govt on dealing with Pahalgam attack aftermath: Kharge at CWC meet

      May 2, 2025

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      New Delhi, May 2 (PTI) Congress president Mallikarjun Kharge on Friday said the government had not come out with any clear strategy to deal with the situation arising out of the Pahalgam terror attack, even as he asserted that the entire opposition was with the Centre on the issue.

      In his remarks at the Congress Working Committee (CWC) meeting at the party's 24, Akbar Road office, Kharge also said the government had accepted the party's demand for a caste survey but the timing "surprised us".

      He, however, raised doubts over the government's intentions and asked party leaders to remain alert to take the caste survey to a logical conclusion.

      The Congress president credited former party chief Rahul Gandhi for the government's decision to conduct a caste survey, saying the opposition leader in the Lok Sabha had again proved that if "we raise the issues of the people with honesty, the government has to bow down".

      Noting that the party had extended all possible support to the Centre in the fight against terrorism at the last CWC meeting, Kharge said no clear strategy had come from the government even several days after the Pahalgam attack.

      Gandhi had met family members of Shubham Dwivedi in Kanpur and demanded that the government give martyr status and respect to the deceased, he noted.

      "We will unitedly and strictly act against any challenge that comes in the way of the country's unity, integrity and prosperity. The entire opposition is with the government on this issue. We have given this message to the whole world," Kharge said.

      He pointed out that, in the meantime, the Modi government decided to conduct a caste survey alongside the census exercise.

      "For this, first of all, I congratulate Rahul ji who, by constantly raising the issue, forced the government to decide on the caste census. You turned it into a powerful campaign during the Bharat Jodo Nyay Yatra … and social justice became the most important issue of the 18th Lok Sabha elections," Kharge said.

      "Rahul ji has again proved that if we raise the issues of the people with honesty, the government has to bow down. From the Land Acquisition Amendment Bill to withdrawal of the three black farm laws, the caste census has now joined the series of developments in which a stubborn government has had to bow down once again," Kharge said.

      The government on Wednesday announced that caste enumeration would be included in the forthcoming census exercise in a "transparent" manner and slammed the opposition parties for using the caste survey as a "political tool".

      Caste surveys have been completed in Congress-governed Telangana and Karnataka and the findings are being incorporated in framing government schemes, Kharge said.

      "During the AICC session in Gujarat as well, we passed a resolution on April 9, reiterating our demand. We also demanded the removal of the 50 per cent cap on reservation. The work of removing this ceiling will be done through a constitutional amendment," he added.

      "The government accepted our years-old demand for a caste census but the time chosen surprised us … Many doubts have arisen in our minds due to the language and sentiment with which many things were said," he said, referring to the government's announcement.

      "When I wrote to the prime minister on April 16, 2023, and demanded this, the government was completely against it. Then how did they have a change of heart suddenly? The government opposed our demand on every platform. It was called divisive and called an Urban Naxal (thought). Modi ji and RSS leaders criticised it in state election campaigns. Slogans like 'Batenge toh Katenge' were raised," he said.

      Kharge urged party leaders to tell people the entire process of the 2011 caste survey that started during the United Progressive Alliance (UPA) 2 government ended on March 31, 2016.

      "The government itself accepted this in response to a Rajya Sabha question in 2022. Then was it not stupidity to expect us to publish incomplete data in 2014?" he asked.

      "We will say we are happy that they understood our point, albeit, late. There is an old saying, better late than never!" Kharge said.

      In the 2024 elections, the Congress had talked about getting a comprehensive social, economic and caste survey conducted to know the population of all castes and communities, their socioeconomic condition, their share in the national wealth and their representation in institutions related to governance, he said and added, "It is our view that this will be an X-ray of society." "We have consistently stood by this demand. As the main opposition party, we have constantly raised this demand during 'Save Constitution' campaigns. Rahul ji has constantly raised this demand in every speech of his inside and outside Parliament. All our colleagues took this matter forward. Therefore, I congratulate all of you for this," he said at the CWC meeting.

      Asserting that the caste survey was not an issue of victory or defeat or politics for the party, he said the Congress had always fought against socioeconomic backwardness and poverty. "This remains a part of our political agenda." "Two months before the caste census of 1931, Mahatma Gandhi wrote an editorial in YOUNG INDIA and said: 'Just as we get medical tests done from time to time to check our body, census is the most important test of any nation'. Gandhi ji had also said: 'The usefulness of the census is when the government uses the necessary information for welfare'," Kharge said.

      He said the Congress also had to ensure that the caste survey was done in the right manner.

      "Whatever results come out, they should also be implemented. Policies and laws should be made according to them," he said.

      "The Modi government did not conduct the 2021 census and, even today, all government work is going on on the data of the 2011 census," he said.

      The Modi government kept postponing the work of caste survey due to the "anti-reservation" thinking of the RSS, he claimed.

      "But now, when the public started joining the Congress and allied parties on this issue, it was not possible for Modi ji to postpone it any longer," he said.

      He added many questions still remained -- from the budget to the government's policy and intention.

      "Therefore, we have to remain alert till it is taken to its conclusion," he said.

      Kharge claimed that the government was engaged in misleading the people on the issue.

      "Today, in Bihar, its big leaders are trying to give the credit for this to the BJP and Prime Minister Modi by holding press conferences in every district and are claiming the Congress itself was against the caste census. Therefore, we have to make our strategy. If necessary, we should take our allies along and hold a public meeting at the national level or state levels, whichever is appropriate, or hold press conferences across the country," he said. PTI ASK/SKC SZM SZM

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