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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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      Yidu Tech's AI Agents Now Handle 20% of Hospital Tasks: Human-Machine Collaboration Model Showcased at Summer Davos

      June 27, 2025

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      TIANJIN, China, June 27, 2025 /PRNewswire/ -- From June 24 to 26, the World Economic Forum 2025 Annual Meeting of the New Champions (the 16th Summer Davos Forum) was held in Tianjin. Artificial intelligence, as the new frontier of global economic growth, was one of the hottest topics of this year's forum.

      Ms. Gong Rujing (Gong Yingying), Founder and Chairwoman of Yidu Tech, was invited to attend the forum as a representative of the AI healthcare industry and a Young Global Leader. She delivered insightful remarks in the themed dialogue "The AI+ Era", sharing the stage with Dr. Peter Koerte, Member of the Managing Board, Chief Technology Officer and Chief Strategy Officer of Siemens AG; Zhu Min, Senior Fellow at the China Center for International Economic Exchanges and former Deputy Managing Director of the International Monetary Fund; and Kenny Lam, CEO Asia Pacific at Two Sigma. The dialogue was moderated by Azeem Azhar, CEO of Exponential View.

      Yidu's Healthcare Innovation Practice: From Data Intelligence Infrastructure to AI Clinical Implementation Gong Rujing (Gong Yingying) pointed out that the trend of population aging poses a severe challenge to healthcare systems: "The original intention of founding Yidu Tech ten years ago was based on the foresight that the traditional healthcare supply chain would be unsustainable under the aging peak expected by 2030." She emphasized that the core prerequisite for the implementation of AI in the medical field is to overcome the challenge of unstructured medical data.

      Over the past ten years, Yidu Tech has invested considerable resources in promoting data standardization governance, making it truly computable and applicable. The company's core algorithm engine, YiduCore, has cumulatively and legally processed and analyzed over 6 billion medical records—this is the foundational resource enabling AI technology to deeply empower healthcare.

      With the breakthrough progress in large model technology, Yidu Tech's years of medical data governance capabilities are generating exponential value—the company has not only independently developed a large language model in the medical domain but also launched a Clinical-Grade Intelligence Engine "AI Middleware Platform" to drive the construction of smart hospitals, successfully implemented in over 30 well-known top-tier hospitals within three months. "At present, each doctor handles 30 to 100 patient visits per day. The AI Middleware Platform is deeply integrated into the entire diagnosis and treatment process as doctors' 'AI Copilot Station', continuously empowering pre-diagnosis information integration, in-consultation decision support, and post-diagnosis patient management, thereby reducing doctors' burdens." In the pre-diagnosis phase, the intelligent pre-consultation system collects patients' chief complaints, medical history, medication information, etc., through natural language interaction, improving the density of valid information. Particularly noteworthy is the intelligent medical record generation function, which can integrate the patient's pre-consultation information, consultation recording, and historical data (examinations/imaging/past records, etc.) with one click to generate a preliminary medical record, significantly reducing doctors' workload.

      In the in-consultation phase, AI can parse patients' past medical records within seconds, dynamically generate a timeline and trend charts of patients' treatment history to help doctors quickly understand key medical history. AI also comprehensively considers diagnostic data and marks the basis for decisions, effectively supporting clinical decision-making while ensuring scientific rigor and reliability.

      In the post-diagnosis phase, the AI patient management platform enables data interconnectivity within and outside the hospital. Based on specialized large language models, it provides personalized follow-up, rehabilitation guidance, and medication guidance services to improve patient compliance.

      "This not only frees up doctors' time but also significantly improves the quality of diagnosis and treatment and patient experience through precision data-driven methods," said Gong Rujing (Gong Yingying). From February to June 2025, the AI diagnosis and treatment assistant built on the AI Middleware Platform assisted doctors in serving a total of 26,000 patients.

      Human-Machine Collaboration: From Medical Empowerment to Organizational Evolution Gong Rujing (Gong Yingying) believes that current AI development is still in its early stage, and its ultimate form has not yet taken shape. Therefore, Yidu Tech maintains an open mindset and takes "creating real value in end-user scenarios" as the core anchor of its AI strategy. She emphasized: "The key to harnessing AI lies not only in the technology itself but also in achieving deep collaboration between humans and technology." This concept is deeply reflected in Yidu Tech's innovation in medical practice. The pain point of traditional AI healthcare lies in the attempt to use standardized tools to meet the diverse needs of doctors. However, uniformly built models or applications cannot meet the stringent requirements of specialists for professional depth, nor can they flexibly adapt to the specific work scenarios of doctors with different levels of seniority and positions. To solve this contradiction, Yidu Tech launched the "Custom Smart Assistant" function on top of the AI Middle Platform, allowing doctors to independently design intelligent assistants tailored to their unique needs through zero-code, "Lego-style" modular construction. This is a key step for AI in healthcare to move toward deeply contextualized scenarios and marks a shift from the previous "tool-based empowerment" to doctor-led "co-creation of capabilities". AI tools developed by doctors themselves will become a key force in enhancing the accessibility of medical services.

      At the same time, the concept of human-machine collaboration is also driving the internal organizational evolution of Yidu Tech. "During periods of rapid technological iteration, an organization's learning capacity, resilience to change, and value orientation are more important than a single technological advantage." Gong Rujing (Gong Yingying) actively advocates that the team embrace AI transformation, maintain high adaptability, and form an efficient collaborative working relationship with AI agents. Currently, AI agents have taken on about 20% of Yidu Tech's daily work. This is not only an improvement in efficiency but also a substantive manifestation of the organizational form and work paradigm moving toward "human-machine symbiosis." "Data privacy, cross-institution collaboration, and technological ethics are common challenges faced by AI healthcare development worldwide. However, the large-scale application scenarios of China's healthcare system provide a unique advantage for AI technology iteration." In the global tide of accelerating toward an intelligent era, Gong Rujing (Gong Yingying)'s sharing at the Summer Davos Forum showcased the innovation strength of AI healthcare enterprises and offered a practical path for the industry's development. As "AI + Healthcare" evolves from concept to deep implementation, Yidu Tech will remain grounded in data and empowered by AI, continuously exploring new possibilities and driving the healthcare industry toward greater efficiency, precision, and accessibility.

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

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