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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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    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
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
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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.
    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
    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
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
    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
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    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
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    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
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    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
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    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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      Leading Indian Academic Dr.C. Raj Kumar and Parliamentarian Dr. Abhishek M. Singhvi Address Members of Japanese Parliament at the Diet

      June 26, 2025

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      Tokyo, 26 June 2025: Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of O.P. Jindal Global University (JGU), addressed members of the Japanese Parliament at the National Diet of Japan during a high-level policy dialogue aimed at strengthening India–Japan strategic cooperation. This prestigious event, hosted by the Japanese Parliamentary Committee for World Federation, was themed: “India and Japan: Partners in Democracy, Drivers of Innovation, and Architects of a Sustainable Future.” In his address to the Japanese Parliamentarians, Professor (Dr.) C. Raj Kumar underscored the growing significance of inter-parliamentary dialogue and academic partnerships in tackling shared global challenges. “We are witnessing a historic moment where universities and parliaments must work together to shape the future of democracy and development,” said Professor Kumar. “India and Japan can lead the way—not only through economic cooperation, but by investing in people, knowledge, and institutions that advance peace, justice, and sustainability.” Professor Kumar further stated: “JGU’s presence in Japan’s Parliament is a symbol of the power of education to bridge cultures and build alliances. We believe that meaningful diplomacy must also be academic, intellectual, and people-centric.” The highlight of the session was an address by Dr. Abhishek M. Singhvi, Senior Advocate of the Supreme Court of India and Member of Parliament (Rajya Sabha), who spoke eloquently about the shared democratic values of India and Japan and their potential to influence the global discourse. Dr. Singhvi called for deeper collaboration between India and Japan in areas such as technology, education, climate resilience, and global governance, while stressing the need for a peaceful, inclusive, and sustainable Indo-Pacific vision. “India and Japan are not just allies of circumstance—we are civilizational partners in democracy, innovation, and global responsibility,” said Dr. Singhvi. “As two of Asia’s strongest democracies, our task is to jointly lead by example—through pluralism, through peace, and through principled partnerships for the planet.” The event brought together more than 35 senior members of the Japanese legislature and government officials.

      Mr. Seishiro Eto, Former (17th) President of the Japanese Parliamentary Committee for World Federation (Acting President in the absence of Chairman Fukushiro Nukaga), inaugurated the dialogue and extended a warm welcome to the distinguished Indian guests.

      H.E. Mr. Sibi George, Ambassador of India to Japan, was invited to the interaction and conveyed his deep appreciation to the members of the Japanese Parliament, the Government of Japan, and the Indian delegation from O.P. Jindal Global University led by Professor (Dr.) C. Raj Kumar for advancing meaningful bilateral cooperation in higher education and research.

      Hon’ble Shingo Miyamoto, Director-General, Ministry of Foreign Affairs, South Asia Department, expressed his optimism for the fast-growing relations between Japan and India across multiple domains, particularly in the sphere of higher education and institutional collaboration.

      Hon’ble Kuniko Inoguchi, Member of the House of Councillors, Former Minister of Gender Equality, and Professor at Sophia University, warmly welcomed the Indian delegation. She highlighted her longstanding engagement with India and expressed her enthusiasm for seeing a greater presence of Indian students and Indian knowledge traditions in Japan.

      Hon’ble Dr. Sukehiro Hasegawa, a respected parliamentary expert and former UN official, welcomed stronger India–Japan exchanges, stating that “Japan needs Indian creativity and imagination to invigorate its global policies, and for the two countries to become strong global leaders together.” The event saw participation from a broad spectrum of Japanese political parties and parliamentary experts, underscoring the deep, cross-party interest in strengthening Indo-Japanese ties.

      Distinguished participants included at the National Diet of Japan: Liberal Democratic Party: • Hon’ble Masahiko Shibayama, Member of the House of Representatives, Acting Secretary-General, Former Minister of Education, Culture, Sports, Science and Technology • Hon’ble Kuniko Inoguchi, Member of the House of Councillors, Co-Vice Chairperson, Former Minister of Gender Equality • Hon’ble Fukushiro Nukaga, Member of the House of Representatives, President, Japanese Parliamentary Committee for World Federation; Former Minister of Finance; Former Director-General of the Japan Defence Agency • Hon’ble Rintaro Ishibashi, Member of the House of Representatives • Hon’ble Yohei Onishi, Member of the House of Representatives • Hon’ble Masaaki Koike, Member of the House of Representatives • Hon’ble Jun Tsushima, Member of the House of Representatives • Hon’ble Hirofumi Takinami, Member of the House of Councillors Constitutional Democratic Party of Japan • Hon’ble Yuki Baba, Member of the House of Representatives • Hon’ble Motoko Mizuno, Member of the House of Councillors • Hon’ble Mamoru Umetani, Member of the House of Representatives • Hon’ble Hiroki Saito, Member of the House of Representatives • Hon’ble Shinji Sugimura, Member of the House of Representatives • Hon’ble Sekio Masuda, Member of the House of Representatives • Hon’ble Daiki Michishita, Member of the House of Representatives • Hon’ble Issei Yamagishi, Member of the House of Representatives • Hon’ble Hiroshi Kasa, Member of the House of Representatives • Hon’ble Ayaka Shiomura, Member of the House of Councillors Democratic Party For the People • Hon’ble Kiichiro Hatoyama, Member of the House of Representatives (Son of Former Prime Minister Hon’ble Yukio Hatoyama) Japan Innovation Party • Hon’ble Kenta Aoshima, Member of the House of Councillors Japanese Communist Party • Hon’ble Tetsuya Shiokawa, Member of the House of Representatives NHK Party • Hon’ble Satoshi Hamada, Member of the House of Councillors Sanseitō • Hon’ble Yuko Kitano, Member of the House of Representatives Independent • Hon’ble Makiko Dogome, Member of the House of Councillors Government of Japan • Hon’ble Shingo Miyamoto, Director-General, Ministry of Foreign Affairs, South Asia Department Collaborating Organization WFM Youth Forum • Hon’ble Koji Mitamura, Chairperson • Hon’ble Kohei Mitamura, President, Mitamura Group (Fukuhō Bank Founding Family, Owner of Bunky Corporation entrusted by MEXT, and the Koshinomiyako Media Network) Parliamentary Experts • Hon’ble Dr. Sukehiro Hasegawa, Former Special Representative of the UN Secretary-General • Hon’ble Masakuni Tanimoto, International Committee Chairman of WFM-Japan; Under Secretary-General, Japanese Parliamentary Committee for World Federation This parliamentary engagement marked Professor Raj Kumar’s second consecutive address at the National Diet of Japan, following his 2024 lecture on “The Role of India and Japan in Global Governance.” His return this year reaffirms O.P. Jindal Global University’s steadfast commitment to academic diplomacy and its growing leadership in strengthening India–Japan relations through education.

      The interaction at the National Diet was a powerful testament to the shared democratic values, strategic convergence, and mutual aspirations of India and Japan. It highlighted the indispensable role of education, research, and intellectual exchange in crafting a resilient, innovative, and peaceful future for both nations and the broader Indo-Pacific region.

      (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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