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    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
    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
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    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
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    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Opulence, business deals and USD 400M plane from Qatar: Takeaways from Trump's West Asia tour

      May 16, 2025

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      Abu Dhabi, May 16 (AP) President Donald Trump used the first major foreign trip of his second term to outline a vision for restoring global stability that is grounded in pragmatism and self-interest rather than values, holding out US ties to wealthy Gulf countries as a model for America's longtime foes.

      His four-day swing through Saudi Arabia, Qatar and the United Arab Emirates, which ends Friday, put a spotlight on Trump's transactional approach to foreign affairs as he was feted by autocratic rulers with a trio of lavish state visits where there was heavy emphasis on economic and security partnerships.

      His trip played out against the backdrop of stubborn global conflicts, including Gaza and Ukraine, that showed the limits of his influence. But Trump insisted he was turning the page on American “interventionalism” in the region as he moved to recognise the new government in Syria for the first time and prodded Iran to engage on nuclear talks before it's too late.

      Some takeaways from Trump's travels: Trump marvelled at Gulf state opulence but held his tongue on human rights Presidential trips to the Middle East usually feature at least some public calls for authoritarian governments to improve their human rights efforts. Not this one, as Trump celebrated his business deals with Gulf royals and admired their wealth.

      Trump toured the marble and gilded palaces of Gulf rulers and deemed them “perfecto” and “very hard to buy.” He praised the “gleaming marvels” of the skyline in Saudi Arabia. And he groused about the “much less impressive” Air Force One.

      In Trump's remarks at a VIP business conference in Riyadh, he went out of his way to distance himself from the actions of past administrations, the days when he said American officials would fly in “in beautiful planes, giving you lectures on how to live and how to govern your own affairs.” Rights advocates took that as a pledge of nonintervention, swearing off some of the pressure past US presidents have brought to bear on partners to varying degrees to ease up on detentions, suppression of critics and other issues.

      “It's absolute support for absolute monarchy,” said Saudi exile Abdullah Alaoudh. His father, a Saudi cleric with a wide following there, is imprisoned in the kingdom.

      Some rights advocates said Trump officials gave them private assurances the administration was working on behalf of detained Americans and rights advocates.

      Tommy Pigott, a deputy spokesman at the State Department, declined to say whether Trump raised those or other rights issues in discussions with Gulf royals.

      Thwarted by Putin While Trump was in the Mideast, Vladimir Putin opted to skip direct peace talks with Ukraine's Volodymyr Zelenskyy despite the US president's strong calls for them to meet face to face.

      Trump has been pushing Putin and Zelenskyy to move with greater haste to end Russia's grinding war in Ukraine.

      But after it became clear Putin wouldn't be attending talks in Turkey this week and would instead be sending underlings to Istanbul, an annoyed Trump insisted he knew all along that it was highly likely Putin would be a no-show.

      “I don't believe anything's going to happen whether you like it or not, until he and I get together,” Trump said. “But we're going to have to get it solved because too many people are dying.” As he wrapped up his visit on Friday, Trump said the face-to-face would happen “as soon as we can set it up.” Trump was scheduled to fly back to Washington on Friday, but tried to keep people guessing until the end. He teased late Thursday that he would be heading to a “destination unknown” — “probably” Washington, he added. His opaque language stoked speculation that he might make a drop-by to Turkey.

      But on Friday morning, he told reporters he needed to get back to Washington. His daughter Tiffany had her first child while the president has been away.

      “I would actually leave here and go,” Trump said. “I do want to see my beautiful grandson.” On Syria sanctions, Trump takes a leap of faith Just two months ago, the Trump administration wasn't sold on Syria's interim government led by Ahmad al-Sharaa, the onetime al-Qaida-affiliated insurgent. They worried the Syrian president didn't have the legitimacy to govern the country's ethnically diverse population.

      Clashes broke out in early March, killing hundreds and targetting many more members of the Alawite religious minority to which the ousted Syrian leader Basher Assad belongs.

      The moment gave the Trump White House pause about easing sanctions on Syria. But Trump signalled Monday that he was having a change of heart and was moving toward lifting the Syria sanctions.

      A day later, he announced the move during an address to Gulf leaders.

      Trump then took it another step by agreeing to meet al-Sharaa.

      Trump said he was impressed with al-Sharaa, who not that long ago had a USD 10 million US bounty on his head. The president called him a “young, attractive guy” with a “very strong past.” Trump said it was recommendations from Turkish President Recep Tayyip Erdogan and Saudi Crown Prince Mohammed bin Salman that nudged him to take a chance on al-Sharra.

      “President Erdogan called me and said: 'Is there any way you could do that? Because if you don't do that, they don't have a chance,'” Trump said. “So, I did it.” Trump's fuzzy math on display Throughout the trip, Trump felt more than comfortable dishing out exaggeration and hyperbole.

      “This has been an amazing trip.” Trump told reporters Thursday as Air Force One was about to land in Qatar. “We've raised trillions of dollars of investment for our country.” A little later he put the figure at USD 4 trillion.

      That figure is about two times the combined gross domestic products of Saudi Arabia, Qatar and the United Arab Emirates, meaning that any announced investments would likely accrue over several years — if at all — in ways that might not show up in overall US economic growth numbers.

      Boeing confirmed that Qatar's USD 96 billion purchase of its 787 and 777X jets was the largest order for 787s and wide body jets in the company's history. Trump enthused it was “the biggest order in the history of, I think, aviation, certainly of that size” of jets.

      Trump also went overboard in running down the economic record of his predecessor, Democrat Joe Biden, at one point declaring, “The days of economic misery under the last administration are rapidly giving way to the greatest economy in the history of the world.” The US economy grew at 2.8 per cent last year. It declined at an annualised rate of 0.3 per cent during the first three months of this year.

      Intractable conflicts remain just that While Trump's trip initially was conceived as a visit to reward countries that invest in the United States, Trump at one point hoped it also would herald significant steps to end the wars in Gaza and Ukraine. Positive news on both fronts proved elusive.

      Trump barely mentioned either conflict on his trip – and when he did, it was generally in the context of his assertion that they wouldn't have occurred had he won reelection in 2020.

      As Israel stepped up an offensive in Gaza — a prelude to a promised full takeover of the territory if Hamas doesn't release the remaining hostages in its captivity — Trump was again musing about the creation of a “freedom zone” in its territory. It's a notion rejected by Palestinians and the broader Arab world because Trump's plan would relocate civilians from Gaza to allow for rebuilding.

      Israel conducted significant airstrikes all week in Gaza as Trump was in the region and the fighting on the ground appeared to escalate Friday morning even before Trump left the UAE.

      Ethics issues follow along as Trump travels the Mideast Trump was already facing questions about conflicts of interest for travelling to the Middle East to shape US policy at a time when his family's business interests in the region have boomed.

      He attempted to quiet worries about national security and constitutional questions by insisting he's smart to accept a USD 400 million luxury plane from Qatar and use it as Air Force One.

      “Why should our military, and therefore our taxpayers, be forced to pay hundreds of millions of Dollars when they can get it for FREE,” Trump posted on his social media site during his Middle East swing.

      The president also dodged questions about a state-backed investment company in Abu Dhabi using a Trump family-aligned stablecoin for a USD 2 billion investment in the world's largest cryptocurrency exchange.

      “I don't know anything about it,” he said.

      Beyond that, the Trump family has piled up deals to license its brand for real estate projects, and to build Trump towers and golf courses, around the Middle East.

      White House press secretary Karoline Leavitt says it's “frankly ridiculous” to wonder if those profits might influence Trump's governing decisions. (AP) NPK NPK

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