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    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
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    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
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    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
    Show AI Summary
    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
    Show AI Summary
    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
    Show AI Summary
    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
    Show AI Summary
    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
    Show AI Summary
    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    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.

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      AI-powered trade, innovation deepen China-ASEAN ties

      June 3, 2025

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      NANNING, China, June 3, 2025 /Xinhua-AsiaNet/ -- Vietnamese truckers, armed with AI-enabled gadgets that provide real-time navigation and safety tips, deftly maneuvered their way into China through Friendship Pass in Guangxi Zhuang Autonomous Region.

      Meanwhile, several kilometers away at a buzzing e-commerce industrial park, Southeast Asian live streamers passionately engaged with their viewers, churning out a barrage of speech data for a specialized ASEAN (Association of Southeast Asian Nations) language corpus to improve AI translation models.

      As China and ASEAN continue to deepen their trade ties, the rapid evolution of AI has opened new applications, further boosting economic engagement and reshaping industries across the region.

      ENHANCING CROSS-BORDER TRADE As China's largest land port with ASEAN, Friendship Pass has seen its customs clearance and other port operations being swiftly transformed by AI.

      At a distribution center in Guangxi Pingxiang Comprehensive Bonded Area, a network of wall-mounted AI cameras carefully scans every piece of cargo on deck -- identifying any signs of discrepancies and flagging potential risks in real time.

      The integration of new technology has greatly reduced the need for human intervention, enhancing accuracy and efficiency.

      "In the past, each inspection post needed to be manned by a staffer," said Liang Baoming, head of the smart port project at Friendship Pass. "Now, thanks to this powerful equipment, one worker can oversee a task that used to require an entire shift of people." Throughout this region, the application of AI is revolutionizing the transport and logistics industries.

      In the command center of Guangxi Beitou IT Innovation Technology Investment Group CO., Ltd., located at a sprawling commercial hub in Guangxi's capital city of Nanning, a state-of-the-art risk management platform was actively monitoring real-time interactions between the support staff and a fleet of truckers ferrying goods between China and Vietnam.

      "Our AI-enhanced platform analyzes drivers' facial expressions to spot signs of fatigue and send out real-time safety alerts," said Li Heng, deputy head of the company's technology institute. "Since its launch last June, the system has provided over 5,000 trucks and 10,000 drivers on the road with essential services such as satellite navigation, safe driving tips and emergency responses." The innovation is part of a broader effort to incorporate AI into Guangxi's trade framework, aiming to optimize logistics and increase connectivity with ASEAN economies.

      So far, Beitou has made huge strides in developing a suite of products tailored for ASEAN markets, catering to the region's growing needs in integrated transport, water management, industrial finance and other emerging sectors.

      Among these forward-looking solutions, products like air-ground inspection drones and a digital certificate platform have been meticulously crafted -- to meet the region's urgent demand for more efficient logistics and more secure cross-border services.

      In recent years, AI has played an increasingly important role in fostering deeper trade ties and cultural exchanges.

      This year, an AI translation model for ASEAN languages developed by Guangxi Daring Technology Co., Ltd. is set to widen access to cutting-edge language technologies for potentially under-represented languages in the region.

      "Unlike generic models, this system is fine-tuned for languages like Vietnamese, delivering faster, more accurate translations with lower computational demands," said Wen Jiakai, general manager of the company. "And our focus on ASEAN languages helps ensure a high accuracy rate and linguistic consistency." POWERING REGIONAL INNOVATION The Publicity Department of Guangxi Zhuang Autonomous Region introduced that since the beginning of 2025, China has doubled down on its pledge to build a collaborative future with ASEAN countries in the field of AI, with a host of projects and application scenarios having successively advanced toward rapid deployment.

      In February this year, Guangxi and Laos held a signing ceremony in the Laotian capital of Vientiane, formally establishing the China-Laos AI Innovation Cooperation Center.

      Notably, this groundbreaking initiative marked the first AI-focused innovation platform ever created between China and an ASEAN country, with the primary objective of systematically bolstering Laos's technology foundation for its diverse industries to thrive in the digital age.

      To date, Guangxi and Laos have inked over 10 Letters of Intent, eyeing an enhanced partnership concerning the development of AI and cross-border data sharing.

      In April, Beitou partnered with MY E.G. Services Berhad (MYEG), Malaysia's premier digital services company, to develop the China-Malaysia AI Innovation Center, delving even deeper into areas such as blockchain and robotics.

      Lai Shuiping, chairman of Beitou, highlighted the vast, but largely untapped potential for cooperation between China and ASEAN countries in AI.

      According to Lai, the first project under this initiative will introduce a mutual recognition system for digital identity in both China and Malaysia, with Guangxi set to serve as the initial pilot region.

      Once implemented, the system will empower Malaysian citizens to utilize "MyDigital ID" for seamless access to financial services and tourist attractions, while allowing Chinese citizens to navigate Malaysia with equal ease, paving the way for smoother business transactions and personal interactions.

      This March also marked the official launch of Wuxiang Cloud Valley AI Intelligent Computing Industrial Park in Nanning, as this region continued to step up its efforts in terms of comprehensive AI development, encompassing AI computing power, service platforms, algorithm innovation, and cloud and data security.

      The industrial park has also forged a partnership with local authorities to invest in the building of powerful training clusters and the advancement of research and development (R&D) of customized AI models.

      In addition, this project is expected to generate leasing services for AI computing power designed for ASEAN industries, promoting cross-regional flow and shared use of core AI resources -- including computing power, technologies and talents.

      According to Dong Weijun, the head of the industrial park, efforts are being made to accelerate the deployment of ASEAN-facing AI large models across various sectors, such as agriculture, apparel, consumer electronics, toys and cosmetics, thus nurturing vibrant industry clusters.

      "By cultivating a robust AI industry ecosystem, this initiative will position Guangxi as a new highland of AI innovation tailored for the ASEAN market," he said.

      GUANGXI AS AI HUB FOR ASEAN In a bid to transform itself into a regional center for innovation, Guangxi has spearheaded the development of a cross-border industrial ecosystem by leveraging world-leading R&D from top-tier cities like Beijing, Shanghai, Guangzhou and Shenzhen, integrating these advancements locally before putting them in practice across ASEAN.

      Nanning has also put the building of the China-ASEAN AI Innovation Cooperation Center in motion -- harnessing the power of AI to invigorate a wide array of industries.

      Some prominent global and domestic enterprises have flocked to the city and set up regional operations to explore collaboration opportunities, with partnerships and joint ventures having gradually taken shape in promising fields such as model training, data annotation and AI applications in education and cultural tourism.

      Launched earlier this year, the construction site of the AI Innovation Center at Nanning International Science and Technology Industrial City has become a hive of activity, featuring the frenetic pace of overhead cranes and engineering vehicles in constant motion.

      This project, spanning over 70 square kilometers, marks a significant milestone in China-Singapore industrial cooperation, and focuses on a pivotal trio in terms of bilateral cooperation -- AI, new energy applications and new health technologies.

      To underpin this ambitious vision, Nanning has rolled out an initial policy package aimed at driving the high-quality development of the project, according to an official document.

      This package comprises 22 initiatives spread across seven key areas, including fostering industrial clusters, promoting open data governance, supporting model development and deepening cooperation with ASEAN nations.

      Officials from Guangxi's Department of Industry and Information Technology have revealed that the region has outlined a big picture vision to construct a network of AI industrial parks and cutting-edge manufacturing clusters. The goal is to achieve a production output of AI-related industries that surpasses 100 billion yuan (13.9 billion U.S. dollars) by 2027, thereby initially establishing Guangxi as a leading AI hub for the ASEAN region.

      Source: The Publicity Department of Guangxi Zhuang Autonomous Region (Disclaimer: The above press release comes to you under an arrangement with Asianet and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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