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    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
    NEWS HIGHLIGHTS
    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
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    August 7, 2026
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    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
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    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
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    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
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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
    Show AI Summary
    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.

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      US-backed Israeli company's spyware used to target European journalists, Citizen Lab finds

      June 12, 2025

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      Rome, Jun 12 (AP) Spyware from a US-backed Israeli company was used to target the phones of at least three prominent journalists in Europe, two of whom are editors at an investigative news site in Italy, according to digital researchers at Citizen Lab, citing new forensic evidence of the attacks.

      The findings come amid a growing questions about what role the government of Italian Prime Minister Giorgia Meloni may have played in spying on journalists and civil society activists critical of her leadership, and raised new concerns about the potential for abuse of commercial spyware, even in democratic countries.

      “Any attempts to illegally access data of citizens, including journalists and political opponents, is unacceptable, if confirmed,” the European Commission said in a statement Wednesday in response to questions from members of parliament. “The Commission will use all the tools at its disposal to ensure the effective application of EU law.” Meloni's office declined to comment Thursday, but a prominent member of her Cabinet has said that Italy “rigorously respected” the law and that the government hadn't illegally spied on journalists.

      Mercenary spyware industry The company behind the hacks, Paragon Solutions, has sought to position itself as a virtuous player in the mercenary spyware industry and won US government contracts, The Associated Press found.

      Backed by former Israeli Prime Minister Ehud Barak, Paragon was reportedly acquired by AE Industrial Partners, a private investment firm based in Florida, in a December deal worth at least $500 million, pending regulatory approvals. AE Industrial Partners didn't directly respond to requests for comment on the deal.

      Paragon's spyware, Graphite, was used to target around 90 WhatsApp users from more than two dozen countries, primarily in Europe, Meta said in January. Since then, there's been a scramble to figure out who was hacked and who was responsible.

      “We've seen first-hand how commercial spyware can be weaponized to target journalists and civil society, and these companies must be held accountable,” a spokesperson for WhatsApp told AP in an email. “WhatsApp will continue to protect peoples' ability to communicate privately.” Meta said the vulnerability has been patched and they have not detected subsequent attacks. Meta also sent a cease-and-desist letter to Paragon. Last month, a California court awarded Meta $168 million in damages from Israel's NSO Group, whose spyware was used to hack 1,400 WhatsApp accounts, including of journalists, activists and government officials.

      Journalists targeted The Citizen Lab's findings, released today, show that the use of spyware against journalists has continued, despite the backlash against NSO Group, and establish for the first time that Paragon was able to successfully infect Apple devices.

      Ciro Pellegrino, who heads the Naples newsroom of an investigative news outlet called Fanpage.it, received a notice on April 29 that his iPhone had been targeted.

      Last year, Fanpage secretly infiltrated the youth wing of Meloni's Brothers of Italy party and filmed some of them making fascist and racist remarks. Pellegrino's colleague, Fanpage editor-in-chief Francesco Cancellato, also received a notice from Meta that his Android device had been targeted by Paragon spyware, though forensic evidence that his phone was actually infected with Graphite hasn't yet surfaced, according to Citizen Lab.

      The Citizen Lab's report today also revealed a third case, of a “prominent European journalist,” who asked to remain anonymous, but is connected to the Italian cluster by forensic evidence unearthed by researchers at the laboratory, which is run out of the Munk School at the University of Toronto.

      The Citizen Lab, which has analysed all the devices, said the attack came via iMessage, and that Apple has patched the vulnerability. Apple did not respond immediately to requests for comment.

      “Paragon is now mired in exactly the kind of abuse scandal that NSO Group is notorious for,” said John Scott-Railton, a senior researcher at the Citizen Lab. “This shows the industry and its way of doing business is the problem. It's not just a few bad apples.” Stealthy spyware Paragon's spyware is especially stealthy because it can compromise a device without any action from the user. Similar to the NSO Group's notorious Pegasus spyware, which has been blacklisted by the US government, Graphite allows the operator to covertly access applications, including encrypted messengers like Signal and WhatsApp.

      “There's no link to click, attachment to download, file to open or mistake to make,” Scott-Railton said. “One moment the phone is yours, and the next minute its data is streaming to an attacker.” Parliamentary oversight COPASIR, the parliamentary committee overseeing the Italian secret services, took the rare step last week of making public the results of its investigation into the government's use of Paragon. The COPASIR report said that Italian intelligence services hadn't spied on Cancellato, the editor of Fanpage.

      The report did confirm the surveillance, with tools including Graphite, of civil society activists, but said they had been targeted legally and with government authorisation — not as activists but over their work related to irregular immigration and national security.

      Giovanni Donzelli, vice president of COPASIR and a prominent member of Meloni's Brothers of Italy party, declined further comment Thursday, saying the parliamentary report was “more relevant than an analysis done by a privately funded Canadian laboratory”.

      Citizen Lab says it's “rigorously independent,” and doesn't accept research funding from governments or companies.

      Italy and Paragon both say they've terminated their relationship, but offer starkly different versions of the breakup.

      Paragon referred questions to a statement it gave to Israeli newspaper Haaretz, in which the company said that it stopped providing spyware to Italy after the government declined its offer to help investigate Cancellato's case. Italian authorities, however, said they had rejected Paragon's offer over national security concerns and ended the relationship following media outcry.

      US contracts Paragon has been keen to deflect reputational damage that could, in theory, impact its contracts with the US government.

      A 2023 executive order, which so far hasn't been overturned by US President Donald Trump, prohibits federal government departments and agencies from acquiring commercial spyware that has been misused by foreign governments, including to limit freedom of expression and political dissent.

      The US Department of Homeland Security awarded Paragon a one-year, $2 million contract last September for operations and support of US Immigration and Customs Enforcement, public records show.

      The US Drug Enforcement Administration has also reportedly used the spyware.

      In December 2022, Adam Schiff, the California Democrat who at the time chaired the House Intelligence Committee, wrote to the administrator of the US Drug Enforcement Administration questioning whether the DEA's use of Graphite spyware undermined efforts to deter the “broad proliferation of powerful surveillance capabilities to autocratic regimes and others who may misuse them”. (AP) SCY SCY

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