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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
    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
    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
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    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
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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
    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.
    August 6, 2026
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    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
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    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.

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      O.P. Jindal Global University Strengthens India–Japan Academic Diplomacy at United Nations University (UNU) and University of Tokyo

      June 27, 2025

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      Tokyo, 27 June 2025: In a landmark demonstration of India’s growing global academic engagement, O.P. Jindal Global University (JGU) led two high-level dialogues in Tokyo, hosted at the United Nations University (UNU) and the University of Tokyo. Focused on democracy, constitutionalism, and legal thought leadership, these back-to-back events marked a new chapter in India–Japan academic cooperation and reaffirmed JGU’s pivotal role in fostering global discourse on governance and institutional integrity.

      The events were made possible through institutional Memoranda of Understanding (MoUs) signed by JGU with both the United Nations University and the University of Tokyo. These agreements are aimed at deepening collaboration in research, faculty exchange, and international public dialogue.

      United Nations University Conversation Series: A Landmark Collaboration with the Singhvi Centre at JGU Earlier this week, the United Nations University in Tokyo hosted a special edition of its prestigious UNU Conversation Series, jointly organized for the first time with an Indian institution—JGU’s Singhvi Centre for Constitutional, Parliamentary and Legal Studies. The event, titled “India and the World: Democracy, Development and Justice,” featured: • Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor, O.P. Jindal Global University • Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India, and Member of Parliament (Rajya Sabha) • Professor (Dr) Tshilidzi Marwala, Rector of the United Nations University and United Nations Under-Secretary-General The Singhvi Centre, established through a generous endowment by Dr. Singhvi in memory of his father, Dr. L.M. Singhvi, is dedicated to advancing scholarship and international engagement on constitutionalism, parliamentary processes, and democratic governance. The UNU event provided a unique platform to explore India’s institutional strengths, democratic journey, legal innovations, and its expanding global role in an evolving multilateral order.

      Professor Dr. Tshilidzi Marwala emphasized the essential role of democracy, development, and justice in shaping a sustainable and inclusive global future. Reflecting on India’s place in the international system, he noted: “India is a vibrant democracy whose commitment to pluralism and institutional governance serves as a model for emerging nations. Justice—both social and economic—is not only critical for India’s continued growth but also for the global community’s shared future. We must foster international cooperation grounded in fairness, accountability, and democratic values.” Professor (Dr.) C. Raj Kumar underscored the robustness of India’s democratic institutions: “India’s democratic resilience is not an accident—it is a consequence of robust institutions, a dynamic judiciary, an active civil society, and the deep legitimacy of our Constitution. At a time of democratic backsliding worldwide, India offers lessons on institutional continuity and constitutional vision.” He also highlighted India’s innovations in digital governance: “India’s digital public infrastructure—from Aadhaar and UPI to Digital India—has fundamentally transformed how governance is delivered, especially to the most marginalized. This is a remarkable fusion of constitutional principles and technological innovation.” Dr. Abhishek Manu Singhvi reflected on the global relevance of India’s constitutional framework: “The Indian Constitution is not only a national framework—it is a global exemplar of balancing rights with responsibilities, pluralism with unity, and liberty with progress. As India rises geopolitically, it must also lead normatively, by sharing its constitutional and institutional experience with the world.” On the role of academic institutions, he added: “The Singhvi Centre at JGU was created to advance cutting-edge research and global conversations on law, justice, and democracy. Partnering with the United Nations University is an honour and a natural extension of that mission.” Academic Dialogue at the University of Tokyo: Legal Thought Across Borders Later, JGU and the University of Tokyo—Japan’s foremost national university—co-hosted a focused academic dialogue on comparative constitutional law, legal reform, and the role of courts in democratic societies. The event brought together leading scholars, deans, and policy thinkers from both nations, grounded in a shared commitment to democratic values and institutional integrity.

      The dialogue underscored the growing importance of Asia-led academic cooperation in advancing legal reform, governance, and democratic resilience. Central themes included sustainable development, judicial independence, legislative accountability, and constitutionalism in an increasingly complex global environment.

      Held at Koshiba Hall, University of Tokyo, the India–Japan Sustainability Conclave served as a high-level forum for distinguished academics, legal experts, and policymakers to deliberate on global sustainability and development. Organized by O.P. Jindal Global University as part of its continued commitment to international academic collaboration and environmental leadership, the conclave drew wide participation from both countries.

      The event was inaugurated and chaired by Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of JGU. The keynote address was delivered by Justice Michael D. Wilson, former Supreme Court Judge of Hawai‘i and Distinguished Professor at JGU, who spoke on the intersections of environmental law, judicial responsibility, and sustainability. Professor R. Padmanabha, Dean of Academic Governance, introduced the Sustainable Development Report 2025 (SDR 2025), highlighting contemporary sustainability metrics and global benchmarks. A special address by Dr. Abhishek Manu Singhvi emphasized the importance of legal and policy frameworks in advancing the Sustainable Development Goals (SDGs).

      The panel featured eminent Japanese scholars including Professor Shizuka Hashimoto, Professor Masahiro Sugiyama, Professor Atsushi Kato, and Professor Kensuke Fukushi from the University of Tokyo, along with Dr. Anupam Khajuria of the United Nations University Institute for the Advanced Study of Sustainability (UNU-IAS). Their insights addressed key areas such as climate resilience, science-policy integration, and the importance of cross-border academic collaboration.

      Reflecting on the significance of the India–Japan academic exchange, Professor (Dr.) C. Raj Kumar noted: “India and Japan are both constitutional democracies with deep legal traditions. Our academic collaboration can create new frameworks of understanding that bridge the common challenges we face—whether it is the preservation of judicial independence, the protection of civil liberties, or the strengthening of democratic institutions.” Towards a New Era of India–Japan Academic Engagement The events in Tokyo represent a major milestone in India’s academic diplomacy and underscore JGU’s leadership in leveraging higher education as a platform for promoting global understanding, cooperation, and sustainable development. With formal MoUs now in place, these partnerships pave the way for sustained faculty exchange, joint research, and cross-border policy dialogues.

      Dr. Abhishek Manu Singhvi concluded with a call for Indian academia to play a more proactive role on the world stage: “It is imperative that Indian institutions not only participate in global conversations but also shape them. These events in Tokyo represent India’s rising intellectual confidence, its commitment to constitutional values, and the role of academia in nation-building and international engagement.” (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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