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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
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    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    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
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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.

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      Sudha Reddy Hosts 'Beauty With A Purpose Gala'

      May 28, 2025

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      Mon Amour Palais Opens Its Doors To 108 Miss World 2025 Delegates For A Night Of Culture And Compassion Hyderabad, Telangana, India (NewsVoir) Philanthropist and business leader Sudha Reddy opened the doors of her palatial private residence, Mon Amour Palais, to welcome the distinguished delegates of Miss World 2025 and Julia Morley CBE, Chairman and CEO of the Miss World Organisation. The intimate affair marked the first occasion of its kind held at Mon Amour Palais, hosting 108 international delegates for an unprecedented celebration of Indian culture and humanitarianism.

      The ‘Beauty With A Purpose Gala’ with an underlying theme of ‘Midnight Pearls’, was meticulously orchestrated as a classy tribute to the rich cultural heritage of Telangana, its warm hospitality and steadfast dedication to global humanitarian efforts. Mon Amour Palais, nestled in the verdant Banjara Hills, was transformed into a resplendent showcase of Indian artistry and hospitality, seamlessly blending traditional opulence with contemporary sophistication.

      Culinary Experience Upon arrival, guests were greeted with an elaborate grazing table that presented a modern interpretation of India's diverse culinary landscape, setting the stage for the gastronomic journey ahead. This graceful and opulent gathering served as more than a mere celebration; it was a meticulously curated immersive experience designed to celebrate and champion beauty with a purpose reflecting the spirit of Miss World Organisation.

      The evening's meticulously curated menu, adorned with a Khalil Gibran quote that read ‘Beauty is not in the face, beauty is a light in the heart’, celebrated the dynamic evolution of Indian cuisine, artfully blending progressive Indian dishes with nuanced international influences to captivate a diverse range of palates. Reimagined Indian classics were presented alongside delicate Asian infusions and cherished European staples, symbolizing a harmonious convergence of Eastern and Western culinary traditions. The dessert presentation was a luxurious confluence of traditional Indian mithai and globally inspired patisserie, representing the union of diverse cultures and culinary artistry. The menu unfolded as a carefully orchestrated culinary journey, with each dish designed to evoke a distinct and memorable experience.

      The Indian selections were a testament to innovation and tradition, where dishes like the tender coconut carpaccio, infused with fermented yellow chilli and gondhoraj dressing, showcased a contemporary approach to regional flavors. Complementing this, the paneer mille-feuille, filled with walnut-chilli chutney and smoked makhani, offered a sophisticated twist on a classic ingredient. Traditional favorites such as lamb keema ghotala, served with salli crisp and soft egg paratha and the aromatic saffron koshihikari khichdi, enriched with gucchi, pioppino mushroom and parmesan soil, provided a comforting yet refined counterpoint.

      The Asian offerings skillfully blended authentic dishes with modern interpretations, highlighting the versatility of Eastern cuisine. The charred miso chicken & leeks yakitori, glazed with sweet soy & togarashi dust, exemplified precision in flavor balance, while the true xo udon, with silky udon, snow peas, edamame and umami-rich truffle sauce, showcased the depth of umami. The smoked yellow curry, featuring papaya, water chestnuts and young bamboo served with black edamame rice, presented a creative take on traditional curry, emphasizing smoky undertones and unique textures.

      The Italian selection paid homage to classic European gastronomy, emphasizing the quality of fresh, seasonal ingredients. Dishes such as the lobster thermidor risotto offered a luxurious indulgence, while the burrata ravioli, with sundried tomato and basil velouté, highlighted the simple yet elegant flavors of Italian cuisine. The charred chicken and seasonal vegetables with black pepper-mushroom jus provided a hearty and satisfying option, showcasing the chef's expertise in balancing flavors and textures.

      The Delicacies section was a grand finale, an opulent fusion of Indian and international sweets designed to delight the senses. Traditional Indian desserts like kesari rasmalai tres leches with silver leaf and pista and fig halwa with almond biscotti crumble were reimagined with modern techniques, while global favorites such as fresh berry pavlova, chocolate and dulce de leche mousse and basque burnt cheesecake served with berry compote offered a diverse range of flavors and textures. This curated assortment of desserts provided a harmonious conclusion, uniting diverse culinary traditions in a symphony of sweetness.

      Ambience And Decor The event's ambiance, masterfully curated by Khushi Singh of Percept Limited, evoked a sense of timeless elegance, providing an opulent backdrop suffused with love, grace and beauty. Envisioned in a palette of white and gold, the evening unfolded with meticulous attention to detail. Towering gold candelabras graced the tables, their flames flickering above cascading floral arrangements and glistening crystal candle stands. Inspired by Hyderabad, the ‘City Of Pearls’, delicate strands of pearls were interwoven throughout the décor- from stairways to statues, lending a subtle regional homage. The floral arrangements were a study in classic refinement: Calla Lilies, Song of India, Lisianthus, Spray Carnations, Eustoma Roses, Oriental Lilies, Gypsophila, Chrysanthemums, Green Button Poms as the prominent bloom, completed by lush green fillers comprising Fern and Dracaena leaves. Each place setting was a study in refined luxury: custom-designed gold-plated crockery, gilded cutlery, graceful brass accents, soft pastel tones, cascading floral centerpieces and pearl-adorned menus paired with white and black embroidered napkins and subtly placed black bows.

      Performances And Presentations As twilight descended, guests were transported through a conceptual cultural showcase that celebrated India’s artistic soul. Tabla & Sons, a 21-member musical ensemble, captivated the audience with an evocative performance that interwove classical Indian percussion with contemporary rhythms—a bold testament to India's dynamic and evolving artistic legacy. Adding an element of exuberance, the delegates staged an impromptu flashmob performance, electrifying the atmosphere with spontaneity and sisterhood, culminating in a jubilant celebration of global unity through the universal languages of dance and music.

      The centerpiece of the evening was the Beauty With A Purpose presentations, during which select delegates shared compelling narratives of their transformative social impact initiatives. These deeply personal stories resonated with guests, casting a spotlight on the powerful advocacy work at the heart of the Miss World platform. This segment highlighted the pageant’s focus on social impact, honoring women leading change in education, health and community development— embracing Miss World’s core mission. The event also marked a significant occasion with the announcement of the top five Beauty With A Purpose projects, lauded for their unwavering dedication to fostering sustainable and impactful change and honored on stage by royal dignitaries.

      Guestlist Illustrious guests included luminaries from India’s royal families, such as Maharani Radhika Raje Gaekwad of Baroda, Kunwarani Ritu Ajatshatru Singh of Jammu & Kashmir, Princess Krishna Kumari of Jodhpur, and Princess Pooja Padmaraje Patwardhan of Sangli, as well as Dr. Madhu Chopra, and Mr. Jayesh Ranjan, Principal Secretary of Industries & Commerce, Government of Telangana. Adding further gravitas to the occasion was the presence of Mrs. Lakshmi Puri, former Assistant Secretary-General of the United Nations and a distinguished advocate for gender equality and human rights, reinforcing the event's overarching message of global empowerment and diplomacy.

      Ensemble Sudha Reddy graced the occasion in a sculpted Gaurav Gupta ensemble in absolute black with an exaggerated ether blue coiled snake cape from his surreal Kundalini-inspired Aarohanam collection. Mukaish, Badla and Zari work enhanced the fine embellishment on the perfectly tailored and draped ensemble, while the three-dimensional embroidery and crystal embellishments created a multidimensional and luminescent effect.

      Her vision for the evening transcended mere hospitality, evolving into a heartfelt tribute to India’s ascendant role on the global stage as a beacon of beauty, purpose, and unity. The event at Mon Amour Palais left an indelible mark on all in attendance, underscoring the profound importance of cultural exchange and collective humanitarian action.

      Quotes Sudha Reddy, Founder Sudha Reddy Foundation and Director, MEIL Group states, "Hosting the Miss World delegation at Mon Amour Palais was a deeply meaningful experience. It allowed us to showcase the richness of Indian heritage while highlighting the remarkable work these young women are doing to make a positive impact on communities worldwide. This event underscored the vital role of cultural exchange and collective action in addressing global challenges." Julia Morley CBE, Chairman and CEO, Miss World Organisation states, "The 'Beauty With A Purpose Gala' at Mon Amour Palais not only celebrated the spirit of Miss World but also provided a platform to recognize and amplify the extraordinary humanitarian projects undertaken by our delegates. It was a truly inspiring experience. Sudha Reddy's dedication to blending cultural appreciation with humanitarian efforts created an unforgettable experience for our delegates. This gathering served as a powerful reminder of the importance of using our platform to drive positive change and promote global unity through beauty and purpose." (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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