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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
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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
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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      Women who are left behind: Another side of Assam floods

      May 11, 2025

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      Dhemaji (Assam), May 11 (PTI) "Will our house still be standing when we return some day? What about the land?" Lakhisekhi Bara's ears ring with these questions from her husband every day. Questions to which she has no answer.

      Bara (52) moved to Assam's Dhemaji from a neighbouring district with her daughter-in-law when the 2023 floods rendered them homeless while the men of the family migrated to Chennai to work as construction labourers.

      The two women are among several to have been left behind in the district by the men in their families who moved to other states due to climate-induced income loss.

      "We used to work the farmland but agriculture has become unpredictable while daily wage work is not regularly available. It was not possible to run the household with this income. As a result, my husband and our son moved to Chennai two years ago. We moved to Dhemaji because other women from our extended family live here and we can be there for each other in times of need," she tells PTI.

      "Whenever my husband calls, he wonders if our land will be safe to resume agriculture some day. What if it is completely washed away? That is our only asset," she says.

      Among the country's 250 most backward districts, Dhemaji is severely flood-prone. Official estimates suggest more than 23 lakh people in 28 districts of Assam in India's northeast have been affected by floods.

      The unpredictable Brahmaputra river -- originating in the Tibetan Plateau and flowing through Arunachal Pradesh and Assam before emptying into the Bay of Bengal -- shapes the state's flood landscape.

      During a visit to Bara's village, this PTI correspondent could barely spot a working-age man. Most of the men still left in the village were either senior citizens or children.

      Roopa Baruah (32) lives in a 'chang ghar' -- a temporary home built on bamboo stilts -- with her two children, aged four and six, while their pucca house built under the Pradhan Mantri Awas Yojna lies abandoned.

      Her husband works in a Bengaluru rubber factory and hasn't been back for two years.

      "The pucca house is located in a far-flung spot in the village. If it gets submerged, I cannot rush out on my own with the children. So I live in a 'chang ghar' here with other women nearby. Sometimes, if my children are ill, it is easier to get help here," she tells PTI.

      "My husband sends money. He asks if we will be able to live together in our house some day. The children miss their father but what can we do when there are no income sources here? If we also migrate, it will be expensive and our house here may be gone forever," she says.

      The majority of Dhemaji's residents live in 'chang ghars', with their livestock kept below. During floods, however, the animals have to be accommodated inside to save them from being washed away.

      When living at home becomes perilous, they move away from the embankment and return after the waters recede.

      A working-age man, Bokul moved back to Dhemaji four months ago after losing an arm in a factory accident in Kerala. He now lives with the women of the family.

      "Most of the men have left the village to make a living in other states. It is mostly the elderly or those with disabilities, like me, who live here since we cannot go out to earn. I help my wife and my brother's wife, who lives here with her three-year-old son. Nobody wants to migrate but there is no choice," the 26-year-old says.

      Rebuilding homes, collecting firewood, fishing, stitching and weaving for pittances, besides helping children and livestock adjust to a new place as floods render them homeless every year are among the changing roles women in the district perform due to the migration of men that has increased their vulnerability and workload.

      Indian Institute of Technology (IIT), Guwahati, researchers studying the climate-induced migration from the district believe Dhemaji serves as a compelling case due to its extreme vulnerability to environmental changes, particularly flooding.

      The study is being funded by the Indian Institute for Human Settlements and Population Council.

      According to IIT, Guwahati, professor Anamika Baruah, who is leading the study, recurrent floods lead to displacement, erosion, prolonged waterlogging and the destruction of livelihood -- especially agriculture, the district's economic backbone.

      "Climate change further intensifies these challenges, increasing the frequency and the severity of floods, resulting in both seasonal and permanent displacement. Beyond the environmental impact, the socio-economic consequences in Dhemaji are substantial," she says.

      Debarchana Biswas, a postdoctoral scholar at IIT, Guwahati, says most workers from Assam, particularly districts such as Dhemaji, are not happy migrating to other parts of the country despite recognising its economic benefits.

      "For many, migration is seen as a positive step toward improving their financial situation but, deep down, leaving behind their families, homes and familiar surroundings is emotionally challenging. Migration, while providing better wages, comes with the emotional and logistical burden of maintaining two households," she says, citing the study.

      "This dual responsibility is financially and emotionally draining. Moreover, during emergencies, their inability to quickly return home exacerbates their sense of helplessness," she says.

      The 2021 Climate Vulnerability Index ranked Assam as India's most climate-vulnerable state. The expansive Brahmaputra and Barak river basins, Assam's fast-dwindling green cover and northeast India's overall geoecological fragility are a few reasons behind the vulnerability.

      Improved plans and programmes are being implemented for disaster risk reduction in hazard-prone areas compared to previous years, says environmental scientist Partha Jyoti Das.

      He says, "High-vulnerability groups like women, the elderly and marginalised communities should get more attention in disaster risk reduction policies. Although we have many policies and programmes on paper to address such concerns, the vulnerable people somehow do not get the desired benefit of such interventions to the expected extent -- indicating execution deficit and lack of monitoring of government projects and welfare schemes." Das, who heads the Water, Climate and Hazard division at Aranyak -- a research organisation -- notes outwards migration of youngsters from rural areas is usually considered a useful strategy to cope with the negative impact of climate-induced hazards. The remittances they send back is also crucial for survival and sustenance of their families in a hazard-prone environment.

      "However, labour out-migration also has some negative impacts. We have seen wives and girls bearing more burden of family responsibilities such as looking after parents, in-laws and children. The women must also take care of family vocations such as farming, livestock rearing and other such means of income generation," he adds.

      Luit Goswami, executive director at Rural Volunteers Centre -- a non-profit working in the region -- says Dhemaji is extremely vulnerable to climate change due to its proximity to the confluence of the Brahmaputra and many of its tributaries.

      "However, like most developing regions, climate change issues have received less importance here and efforts are more focused on recovery than creation of adaptive capacity," he says.

      "The forced displacement due to climate extremes leads to distress migration, which has largely been accepted as an adaptation strategy by the families and the communities affected," he adds.

      The responsibilities of women seem to be soaring they ensure the rights of children such as survival (food and nutrition, health care), development (education) and protection (early marriage, child labour, child-trafficking, drug abuse), he says. "All these lead to physical and mental health deterioration." PTI GJS GJS SZM SZM

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