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    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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    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
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    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
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    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
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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
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
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    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.

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      Hong Kong, The Ultimate Family Destination For Every Kind Of Vacationer, Is Calling. Will You Answer?

      June 13, 2025

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      Offering a melange of experiences and activities across iconic sites, theme parks, the outdoors and culinary trails, Hong Kong promises to be the ultimate family destination Hong Kong (NewsVoir) In the first quarter of 2025, Hong Kong witnessed a 9% increase in visitor arrivals. The city in East Asia that boasts a melting pot of culture recorded 3.8 million tourist arrivals in April. The 13 per cent year-on-year growth in tourism can be attributed to Hong Kong’s appeal as a family tourism destination. The blend of unique cultural experiences, natural beauty, panda-mania, traditional fishing villages and scintillating street food spots adds to the city’s appeal.

      Offering a melange of experiences and activities across iconic sites, theme parks, the outdoors and culinary trails, Hong Kong promises to be the ultimate family destination.

      Positioned as the ‘World’s Meeting Place,’ rightfully so, in the global business community, its allure can be attributed to four factors - its thrilling theme parks, outdoorsy activities, culinary gems and its unique travel offerings.

      Hong Kong’s theme parks have a charm that attracts people of all ages. A family favourite is the Hong Kong Disneyland. ‘The Happiest Place on Earth,’ synonymous with its fantastical zones and thrilling rides, recently threw open its newest attractions, ‘World of Frozen’ and ‘Mystic Manor’. Not checking these out in person causes major FOMO.

      Hit by a city-wide ‘panda-monium,’ the government-backed campaign ‘Pandastic Hong Kong’ has let visitors get up close with the city’s most adorable, furry inhabitants. At Ocean Park Hong Kong, Ying Ying, the oldest first-time panda mother and her twin cubs are the celebrities people from all over the world are flying in to meet.

      Here, you must sign up for the Giant Panda Discovery (29 March 2025 to 31 August 2025), an experience that lets you get insider access to restricted areas and observe the furry beings go about their daily routine. Ocean Park Hong Kong will be hosting a birthday party for its twin cubs on 15 August 2025. That’s a panda-mania you can’t miss out on! Doing full justice to the ‘Ultimate Destination’ tag are Hong Kong’s outdoorsy activities that let vacationers soak in unparalleled views while being active. On the cards is Tai Mei Tuk, a cycling trail overlooking the Plover Cove Reservoir; the chance to explore the city’s oldest fishing village on foot, Tai O Fishing Village, and escape to the Tian Tan Buddha & Po Lin Monastery for a slice of tranquillity.

      For adventure seekers, Hong Kong offers the opportunity to go horse racing at Happy Valley Racecourse and the Hong Kong Jockey Club. Thalassophiles can let down their hair and rent a charter yacht or a boat to sail the extensive coastline along the South China Sea.

      And football fans must attend the Hong Kong Football Festival, an unmissable sporting event. Kickstarting on 26 July 2025 at Kai Tak Stadium, the first international match between Liverpool FC vs AC Milan promises to be an adrenaline-pumping event.

      Creating waves in the tourism industry, Hong Kong’s ultimate destination tag extends to its commitment to promote ‘sustainable travel.’ Charting a new era of ‘green tourism,’ Hong Kong will unveil ‘Four Peaks Tourism’ in 2026. Catering to the wanderlust hikers, this initiative will give them access to four peaks-The Peak, Lantau Peak, Sai Kung Hoi, and Tai Mo Shan-encouraging eco-conscious travel.

      Outdoorsy activities would leave one with a growling appetite. So, for discerning foodies, Hong Kong is nothing short of paradise. Riddled with a mesh of Michelin-starred experiences like Shang Palace and Arbor, a Temple Street Night Market for street fare, dim sum and egg tart workshops with expert chefs, the ultimate family destination will feel like a home to vegetarian, vegan and non-vegetarians.

      For culinary enthusiasts, Hong Kong has a stream of food-forward festivals. From 1 May 2025 to 8 June 2025, Hong Kong will host the French GourMay, a culinary festival dedicated to gastronomy à la française. The 16th edition brings forth gourmet stalls featuring French flavours, live cooking demos and curated spirit tasting all under one roof.

      As always, food and travel must be taken in the same breath. So, apart from the most unique food offerings, among Hong Kong’s most unique travel highlights is Victoria Peak, standing at 552m, offering the most stunning views of the city skyline. Accessible by a 10-minute tram ride, the peak is a captivating attraction. Another unmissable experience in Hong Kong is the ‘Symphony of Lights’, a light and sound show on a sunset cruise that promises cherishable memories for family vacationers.

      Another unique event in the city is the 70 Years of Miffy 2025, happening from early May until October. It is the first playhouse and exhibition in Hong Kong dedicated to Miffy, the titular character of picture books illustrated by Dutch author and designer, Dick Bruna. Watch Miffy and her world come alive at the 1881 Heritage through simple line drawing and full-colour art. Check out DiscoverHongKong’s calendar of cultural events to stay up to date and plan your vacay around key events.

      Hong Kong is a destination where the larger-than-life theme parks meet thrilling outdoor activities, where the choicest culinary creations are found by the most unique experiences beloved to the city; where festivals, sporting events and exhibitions run throughout the year in plenty.

      A place that boasts the top 5 family-friendly attractions, including a visit to Disneyland Hong Kong, a panda-spotting outing at Ocean Park Hong Kong, a splendid day of cycling at Tai Mei Tuk, soaking in the stunning views at Victoria Peak and a spiritual trip to Tian Tan Buddha & Po Lin Monastery.

      This city offers the ultimate escape for the holiday goer demanding more out of a travel experience.

      About Curly Tales Curly Tales is India’s leading food, travel and lifestyle platform founded by Kamiya Jani in 2016 after her decade-long experience as a finance, sports and lifestyle journalist and TV anchor. Curly Tales is a platform that offers content to inspire and inform viewers with a focus on celebrating food, travel and unique experiences across India and the globe.

      (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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