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    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
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    August 7, 2026
    Show AI Summary
    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
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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.
    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.
    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.

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      Following are the top foreign stories at 2015 hours

      May 7, 2025

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      FGN43: PAK-INDIA-7THLD STRIKES

      Pak PM Sharif terms Indian missile strikes on terror targets as 'act of war', vows to respond Islamabad: Pakistan Prime Minister Shehbaz Sharif early Wednesday termed the Indian missile strikes on terror targets in Pakistan-occupied Kashmir and Punjab province as an "act of war" and said his country has every right to give a "befitting reply".

      FGN92: PAK-INDIA-STRIKE-3RDLD WORLD

      Operation Sindoor: World leaders call on India, Pak to exercise restraint; hope hostilities 'end very quickly' Washington/Moscow/London: World leaders, including UN chief Antonio Guterres and US President Donald Trump, on Wednesday called on India and Pakistan to exercise restraint and hoped that the hostilities would end "very quickly".

      FGN53: PAK-INDIA STRIKE-LD DEESCALATION

      Pak ready to 'wrap' tensions if India de-escalates: Defence Minister Asif Islamabad: Pakistan is ready to "wrap up" tensions with India, if New Delhi de-escalates the situation, Defence Minister Khawaja Asif said on Wednesday.

      FGN78: CHINA-2NDLD INDOPAK

      China calls on India, Pakistan to exercise restraint Beijing: China on Wednesday called on India and Pakistan to exercise maximum restraint in the "larger interest of peace and stability" of the region and said it will play a "constructive role" in easing the tensions by working with the international community.

      FGN91: PAK-INDIA-STRIKE-LD UK

      UK PM Keir Starmer calls for dialogue, de-escalation amid India-Pak tensions London: British Prime Minister Keir Starmer on Wednesday said that the UK is engaging with both India and Pakistan to push for dialogue and de-escalation after Indian military strikes on terror targets in the neighbouring country under Operation Sindoor.

      FGN50: RUSSIA-INDOPAK

      Russia expresses ‘deep concern’ at escalation of tensions between India, Pakistan over Pahalgam terror strike Moscow: Russia on Wednesday expressed deep concern at the escalation of military confrontation between India and Pakistan in the wake of the Pahalgam terror attack.

      FGN58: PAK-JEM-LD AZHAR

      JeM chief Masood Azhar says 10 members of his family, 4 others killed in India's missile attack on his HQ Lahore: Jaish-e-Mohammad (JeM) chief Maulana Masood Azhar acknowledged on Wednesday that 10 members of his family and four close associates were killed in India's missile attack on the outfit's headquarters in Bahawalpur.

      FGN85: PAK-INDIA-STRIKE-JUD-FUNERAL

      Pak Army personnel, JuD members attend funeral of 3 persons killed in Indian military strikes on group's HQ Lahore: The Pakistan Army personnel and members of the banned Jamaat-ud-Dawah (JuD) of Hafiz Saeed on Wednesday attended the funeral of three persons killed in the Indian military strikes on the terror group's headquarters in Muridke, some 40 km from Lahore.

      FGN98: PAK-INDIA-STRIKE-SHEHBAZ

      PM Shehbaz says Pak Army was ready for Indian attack, lauds forces for 'swift response' Islamabad: Prime Minister Shehbaz Sharif on Wednesday said that the Pakistan Army was ready for an Indian attack, lauding his forces for the "swift response".

      FGN82: PAK-INDIA-STRIKE-2NDLD NSC MEETING

      Pakistan's security huddle authorises armed forces to take action to revenge Indian strikes Islamabad: Pakistan's National Security Council on Wednesday said the country's armed forces have been duly authorised to undertake retaliation “at a time, place, and manner of its choosing” to avenge the loss of innocent Pakistani lives in Indian military strikes.

      FGN95: PAK-CHINA-AMBASSADOR

      Pakistan briefs Chinese ambassador on latest escalation with India Islamabad: Pakistan on Wednesday briefed Chinese Ambassador Jiang Zaidong about the latest escalation with India.

      FGN94: CHINA-XI-RUSSIA

      Xi Jinping leaves for Moscow for talks with Putin, attend V-day celebrations Beijing: Chinese President Xi Jinping on Wednesday left for Moscow to attend the 80th anniversary of the defeat of Nazi Germany in World War II and hold talks with Russian counterpart Vladimir Putin on major international and regional issues.

      FGN101: UK-INDIA-TRADE

      UK PM Keir Starmer hits back at Opposition attacks over India FTA tax clause London: British Prime Minister Keir Starmer on Wednesday came out fighting against Opposition criticism over a double taxation clause in the Free Trade Agreement (FTA) with India, designed to prevent temporary workers paying in social security contributions in both countries.

      FGN100: PAK-SC-MILITARY-TRIALS

      Pak Supreme Court rules in favour of military trials of civilians Islamabad: Pakistan’s Supreme Court on Wednesday ruled in favour of military trials of civilians, paving the way for trial of those involved in the May 9, 2023 riotous protests.

      FGN99: PAK-INDIA-STRIKE-BANGLA

      Bangladesh voices deep concern over intensified Indo-Pak conflict Dhaka: Bangladesh on Wednesday expressed deep concern over the intensified conflict between India and Pakistan and urged both neighbours to exercise restraint and avoid actions that could make the situation worse in the region.

      FGN89: LANKA-LD LOCAL ELECTION

      Sri Lankan president's party continues winning streak in local election Colombo: The National People's Power led by President Anura Kumara Dissanayake on Wednesday emerged as the largest party in 265 out of 339 local municipal councils across Sri Lanka despite failing to win capital Colombo's body.

      FGN77: PAK-INDIA-STRIKE-AIRSPACE

      Pakistan closes airspace for 48 hrs after India's Op Sindoor Karachi/Islamabad: Pakistan on Wednesday announced a 48-hour closure of its airspace for all air traffic after India carried out a military strike on terror targets in Pakistan and PoK.

      FGN65: PAK-STOCKS

      PSX bleeds as tensions between India, Pakistan escalate Karachi: The Pakistan Stock Exchange (PSX) lost 6,500 points on Wednesday amid an escalation of military confrontation between India and Pakistan in the wake of the Pahalgam terror attack.

      FGN64: PAK-INDIA-STRIKE-PUNJAB-EMERGENCY

      Emergency declared in Pakistan's Punjab province after Indian missile strikes Lahore: Emergency was declared on Wednesday in Pakistan's Punjab province even as all educational institutions closed in the wake of the Indian missile attack.

      FGN52: PAK-INDIA-STRIKE-SUMMON

      Pakistan summons Indian Charge d'Affaires after Indian strikes Islamabad: Pakistan on Wednesday summoned the Indian Chargé d’Affaires and lodged a strong protest against the Indian strikes.

      FGN44: US-PAK-ADVISORY

      Operation Sindoor: US mission issues security alert in Pak, advises citizens to leave areas of active conflict New York: The US Mission in Pakistan on Wednesday issued a security alert advising American citizens to leave areas of active conflict, saying it is "closely monitoring developments" following Operation Sindoor launched by India targeting terror infrastructure in Pakistan.

      FGN37: RUSSIA-PUTIN-25 YEARS

      Putin completes quarter century, polls show he's still popular in Kremlin's hot seat Moscow: Exactly 25 years ago on May 7, an obscure ex-KGB colonel Vladimir Putin -- with little public exposure as deputy mayor of St Petersburg -- took the oath of the highest office in the post-Communist Russia.

      FGN31: INDIA-STRIKE-PAK 2NDLD TRUMP

      I just hope it ends very quickly: Donald Trump on India's military strikes on terror infra in Pakistan New York/Washington: Shortly after India carried out military strikes targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir early Wednesday, US President Donald Trump said he hopes that the hostilities will end "very quickly".

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