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    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
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
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    Show All SummariesHide All Summaries
    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.
    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
    Show AI Summary
    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
    Show AI Summary
    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
    Show AI Summary
    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
    August 6, 2026
    Show AI Summary
    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
    Show AI Summary
    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 6, 2026
    Show AI Summary
    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
    Show AI Summary
    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
    Show AI Summary
    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
    Show AI Summary
    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.

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      Latest: Trump says ceasefire in effect as he criticises both Iran, Israel

      June 24, 2025

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      Jerusalem, Jun 24 (AP) US President Donald Trump claimed a ceasefire between Iran and Israel was “in effect” on Tuesday, after expressing deep frustration with both sides and accusing them of violating the agreement he brokered.

      Israel earlier accused Iran of launching missiles into its airspace after the truce was supposed to take effect. The Iranian military denied firing on Israel, state media reported.

      Trump expressed anger and frustration as he told reporters at the White House that both Israel, a close ally, and Iran had violated the ceasefire plan. But later he said the deal was saved, and Israeli Prime Minister Benjamin Netanyahu's office said he held off on tougher strike against Iran after speaking to Trump.

      Here is the latest: Israel's emergency services: 28 killed during 12 days of war with Iran As a cease-fire between Iran and Israel took effect Tuesday, Israel's emergency services released final figures from 12 days of fighting.

      According to the data, 1,347 people in Israel were affected, including 28 killed, 17 seriously wounded, 29 moderately wounded, 872 lightly wounded and 401 treated for anxiety.

      Netanyahu's office says he held off on tougher strike after speaking to Trump Netanyahu's office says Israel struck an Iranian radar in response to the Iranian missile attack early Tuesday. But it says the Israeli leader held off tougher action after an appeal from President Donald Trump.

      “Following President Trump's conversation with Prime Minister Netanyahu, Israel refrained from additional attacks,” Netanyahu's office says.

      Iran TV says another nuclear scientist was killed in Israeli airstrike A high-profile Iranian nuclear scientist was killed in an Israeli strike, Iran state TV said, making him the latest in a list of top atomic experts who are said to have been killed in Israeli attacks over the last 12 days.

      Mohammad Reza Sedighi Saber, who the US State Department had sanctioned last month, was killed at his father-in-law's residence in an early Tuesday morning strike in northern Iran, according to the report.

      It added that three projectiles had hit the residence, and an earlier round of strikes had killed his 17-year-old son on June 13.

      The Council on Foreign Relations on Monday said that Israeli strikes had killed at least 10 nuclear scientists since the Israel-Iran war broke out. The US State Department last month described Sedighi Saber as the head of Iran's Organisation of Defensive Innovation and Research's Shahid Karimi Group, which works on explosives-related projects, adding that he was “linked to projects including research and testing applicable to the development of nuclear explosive devices.” Turkiye urges all parties to fully observe ceasefire Turkiye has welcomed the ceasefire between Israel and Iran but also said it was closely monitoring statements indicating violations.

      In a statement issued Tuesday, the Turkish Foreign Ministry urged all parties to fully observe the ceasefire the “critical period ahead,” saying the Middle East was in need of peace and stability.

      The ministry also called for the resolution of the Palestinian issue which it described as being at the “root of many problems in the Middle East.” Macron expresses concerns that Iran could continue work to enrich uranium French President Emmanuel Macron has expressed concerns that the Israel-Iran war has increased the risk that Iranian leaders will continue work in secret to enrich uranium that can be used for nuclear weapons.

      “This risk has, it's true, increased with what has happened recently,” Macron said. He was asked if Iranian uranium-enrichment work could continue in secret after nearly two weeks of Israeli airstrikes and the dropping of giant bunker-busting bombs by US stealth bombers on Iranian nuclear plants.

      He repeated France's desire for negotiations to address concerns about Iran's nuclear and ballistic missile programs.

      “Our shared objective is that Iran doesn't equip itself with a nuclear weapon,” he said.

      Qatar condemns Iranian attacks on US air base “Attacking Qatar is unacceptable… we were surprised by the attack on the military base,” said Qatari Prime Minister and Foreign Affairs Minister Mohammed bin Abdulrahman Al Thani, referring to Monday's attack on the Al Udeid Air Base.

      The base is a sprawling desert facility in Qatar that serves as a major regional military hub for American forces.

      He told reporters Tuesday that the Iranian attack had left a “scar” on his country's relationship with Tehran.

      Al Thani said Qatar will not resort to escalatory steps, but will rely on legal measures and diplomacy instead when responding to the attack. He added that Qatar intercepted all missiles except one that fell in a deserted area.

      Israeli strike killed 7 members of Revolutionary Guard, Iran media says An Israeli strike Monday on Iran's city of Karaj near Tehran killed seven members of Iran's Revolutionary Guard, including two generals with the paramilitary force, the state-run IRNA news agency reported.

      Military plane evacuates 101 French nationals from Israel to Cyprus A military plane evacuating 101 French nationals from Israel to Cyprus took off from Ben Gurion Airport on Tuesday, French authorities said.

      French Foreign Minister Jean-Noel Barrot said similar evacuation flights will follow.

      Priority is given to those with medical and humanitarian issues, the foreign ministry said in a statement. Those who can travel on their own can still cross to Jordan and Egypt to take commercial flights, it said.

      Iranian governor: Israeli strike before the ceasefire killed 9 civilians A deputy governor in Iran's northern Gilan province along the Caspian Sea said an Israeli strike before the ceasefire killed nine civilians, state media reported.

      Iran says it transferred all inmates out of a prison after it was targete Iran says it transferred all inmates out of its notorious Evin prison after an Israeli strike targeted the facility on Monday.

      Iran's Prisons Organisation said all the inmates had been moved to other prisons around the capital, Tehran. It said the move was necessary for workers to repair damage there.

      Evin prison is known for holding both political prisoners and those with Western ties for negotiations with the wider world. It also has a specialized unit overseen by the paramilitary Revolutionary Guard.

      Israel's opposition leader says 'majority' of Iran's enriched uranium destroyed Israeli opposition leader Yair Lapid told a group of British lawmakers he believes much — but not all — of Iran's enriched uranium was destroyed by Israeli and US strikes.

      “We think at least the majority of it might be, gone, but not everything,” he said.

      He said Iran's nuclear ambitions “were hurt and they were taken backwards significantly. We just don't know exactly right now how much.” Lapid told the House of Commons Foreign Affairs Committee that Iran likely smuggled some of the uranium out of the facilities that have been attacked.

      “There are only a limited number of places they can smuggle the uranium to,” he said. “You don't take it in a suitcase and put it at home until the fire stops.” Iran's highest-level security body praises military Iran's top security body has praised its military for its conduct in the 12-day war with Israel, likely signalling Tehran believes the ceasefire will hold.

      The statement from the Supreme National Security Council came as Israel said it would conduct immediate strikes on Iran for allegedly violating the terms of US President Donald Trump's proposed ceasefire in the war.

      The council said Iran's armed forces “will be ready to give a decisive and regretful response to any act of aggression by the enemy.” Egypt and Saudi Arabia welcome Trump ceasefire plan Egypt said in a statement Tuesday morning that it welcomes US President Donald Trump's announcement of reaching a ceasefire between Israel and Iran.

      “It is a critical point into ending this conflict between both countries and restoring peace in the region,” the statement read.

      Egypt called upon the countries to fully abide by the ceasefire and practice full restraint.

      Saudi Arabia on Tuesday also welcomed Trump's announcement of a ceasefire, though the hopeful statement came as the agreement was faltering.

      “The Kingdom looks forward to all parties committing to de-escalation in the coming period,” Saudi Arabia's Foreign Ministry said.

      Less than three hours after the ceasefire came into effect, Israeli Defense Minister Israel Katz said that Iran had “completely violated” the ceasefire by launching missiles.

      Qatar summons Iranian ambassador Qatar's Foreign Ministry said it summoned Iran's ambassador to the country and stressed that Monday's attack on a U.S. military base there was a violation of international law and Qatar's sovereignty and airspace.

      Qatar's Foreign Ministry said on Tuesday it affirmed that it “reserves the right to respond to this blatant violation in accordance with international law.” Israel's defence minister instructs military to resume attacks on Iran Israeli Defence Minister Israel Katz said that Iran had “completely violated” the ceasefire between Israel and Iran by launching missiles more than two hours after the ceasefire came into effect.

      Katz said he instructed the Israeli military to resume targeting Iranian paramilitary and government targets in Tehran.

      According to Israel's emergency services, there were no injuries in the missiles launched towards Israel after the ceasefire started.

      Overnight, just before the ceasefire started, Israel launched more than 100 munitions targeting dozens of sites in Tehran, including missile launchers.

      Hospital in Gaza says dozens are in critical condition The Awda hospital in Gaza's urban Nuseirat refugee camp said another 146 people were wounded when Israeli forces and drones opened fire toward hundreds of Palestinians waiting for aid trucks.

      Among them were 62 in critical condition, who were transferred to other hospitals in central Gaza, it said.

      In the central town of Deir al-Balah, the Al-Aqsa Martyrs hospital said it received the bodies of six people who were killed in the same incident.

      The deaths were the latest in the Israel-Hamas war in Gaza which killed about 56,000 Palestinians, according to the Gaza Health Ministry.

      The ministry doesn't distinguish between civilians and combatants but says more than a half of the dead were women and children.

      Israel launched its campaign in Gaza after Hamas' Oct. 7, 2023, attack on southern Israel, in which militants killed around 1,200 people, mostly civilians, and took another 251 hostages.

      Most of the hostages were released by ceasefire agreements.

      Witnesses describe 'massacre' in Gaza “It was a massacre,” said Ahmed Halawa.

      He said tanks and drones fired at people, “even as we were fleeing. Many people were either martyred or wounded.” Hossam Abu Shahada, another eyewitness, said drones were flying over the area, watching the crowds first, then there was gunfire from tanks and drones as people were moving eastward. He described a “chaotic and bloody” scene as people were attempting to escape.

      He said he saw at least three people lying on the ground motionless and many others wounded as he fled the site.

      Israeli forces and drones fire on hundreds of Palestinians waiting for aid Israeli forces and drones opened fire toward hundreds of Palestinians waiting for aid trucks in central Gaza early Tuesday, killing at least 25 people, Palestinian witnesses and hospitals said.

      The Israeli military did not immediately comment.

      The Awda hospital in the urban Nuseirat refugee camp, which received the victims, said the Palestinians were waiting for the trucks on the Salah al-Din Road south of Wadi Gaza.

      Witnesses told The Associated Press that Israeli forces opened fire as people were advancing eastward to be close to the approaching trucks.

      Netanyahu says Israel's war 'goals attained' Prime Minister Benjamin Netanyahu said Israel has agreed to the bilateral ceasefire with Iran in coordination with President Donald Trump.

      Netanyahu said that he had reported to Israel's security cabinet Monday night that Israel had achieved all of its war goals in the 12-day operation against Iran, including removing the threat of Iran's nuclear and ballistic missile programs.

      Israel also damaged Iran's military leadership and several government sites and achieved control over Tehran's skies, Netanyahu said.

      “Israel will respond forcefully to any violation of the ceasefire,” Netanyahu said. (AP) GRS GRS

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