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    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    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
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    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
    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
    Show AI Summary
    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
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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.

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      OPPO K13x 5G – The Toughest and Most Durable Smartphone Goes on Sale Today

      June 27, 2025

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      New Delhi, June 27th , 2025: OPPO India’s recently launched smartphone , the OPPO K13x 5G - toughest 5G smartphone in its segment—is ready to go on sale starting today on the OPPO e-store and Flipkart from 12 PM onwards. Available in two stunning finishes—Midnight Violet and Sunset Peach—the K13x doesn’t just survive tough conditions, it stands out with style. It’s a device that blends world-class engineering with local manufacturing strength to redefine what’s possible under ₹15,000. Durable, dependable, and designed to dazzle—the K13x is built for your grind and styled for your vibe.

      Priced at INR11,999 for the 4GB+128GB variant, INR12,999 for the 6GB+128GB variant and INR14,999 for the 8GB+128GB variant, the OPPO K13x 5G will be available for purchase starting today on the OPPO e-store and Flipkart from 12 PM onwards, in two colour options – Midnight Violet and Sunset Peach. Consumers purchasing this smartphone can avail an INR1,000 instant discount on 4GB & 6GB variants and INR2,000 instant discount on 8GB variant only on the sale day with select bank offers or with an exchange bonus of INR 1000 and an additional 3 months No Cost EMI option, bringing the effective price at INR10,999, INR11,999 and INR12,999 respectively.

      Segment-Leading Durability, Fused with Style The OPPO K13x 5G sets a new benchmark for durability in the sub-₹15,000 segment, bringing together aerospace-grade strength and biomimetic brilliance in a sleek, everyday form factor. At its core lies the AM04 high-strength aluminum alloy inner frame—an advanced material used in aerospace engineering that delivers 10% more durability than previous-generation alloys. This robust internal skeleton is complemented by a solid outer frame for comfortable handling, while the front is shielded with Crystal Shield Glass—the same flagship-grade cover glass offering 160% better impact resistance than conventional materials. To further reinforce its build, the K13x 5G also comes with a specially designed Anti-Drop Shield Case right in the box, offering instant and added protection.

      Going beyond conventional toughness, the K13x 5G draws inspiration from nature’s oldest survivors—sea sponges. With over 700 million years of evolutionary wisdom, these organisms’ porous, flexible structures inspired OPPO’s Sponge Biomimetic Shock Absorption System. The system uses high energy-absorbing elastic materials to create internal buffer zones between critical components and the phone’s rigid frame. Lab tests demonstrate that this sponge-based architecture can reduce impact forces by up to 90%, providing advanced internal protection while maintaining a sleek 7.99mm profile and lightweight 194g build. It’s the perfect blend of nature-inspired engineering and modern durability—proof that you don’t have to sacrifice style for strength.

      Made in India, Tested to the Extreme The OPPO K13x is built with a 360° Damage-Proof Armour Body that offers comprehensive protection against everyday drops, bumps, and pressure from all directions. Certified tough by leading global authorities, the K13x proudly carries the SGS Gold Drop-Resistance Certification, SGS Military Standard Certification, and MIL-STD 810-H Shock Resistance Certification, validating its resilience through extensive lab simulations and real-world stress testing. Rigorously evaluated to endure life’s daily mishaps, the K13x underwent: • Drop tests from 1.1m to 1.3m on granite surfaces across all sides • Extreme drop tests from heights exceeding 1.4m with no structural damage • 30-40 consecutive screen-down drop tests from 1.2m without failure in performance Additionally, the phone carries an IP65 rating for complete dust protection and resistance to low-pressure water jets. Ports and entry points are sealed with waterproof gaskets, silicone seals, and precision adhesives. To ensure uninterrupted usability, OPPO’s exclusive Splash Touch and Glove Touch technologies allow seamless screen control even in wet conditions or while wearing gloves. From spills to showers, daily bumps to unexpected falls, the OPPO K13x 5G is not just engineered to endure—it’s built to lead.

      Power Meets Performance for Endless Entertainment The OPPO K13x 5G is powered by a class-leading 6000mAh battery—designed to keep pace with today’s nonstop digital lifestyle. Whether it’s binge-watching your favourite shows, marathon gaming sessions, or back-to-back lectures and meetings, this massive battery ensures all-day endurance without battery anxiety. Engineered to last, the K13x 5G guarantees over 80% battery health even after 1,700 charge cycles, making it one of the most reliable long-term performers in its segment. With 45W SUPERVOOC fast charging included in the box, the device charges up to 30% in just 21 minutes and reaches full capacity in 91 minutes—ideal for quick power-ups on the go. OPPO K13x 5G delivers powerhouse endurance—offering up to 19.3 hours of video playback, 40.7 hours of music, 56.8 hours of call time, and 10.6 hours of uninterrupted gaming—making it the ultimate companion for non-stop entertainment and all-day productivity.

      Complementing the powerhouse battery is a vivid and ultra-smooth 6.67-inch display that elevates every viewing experience. Featuring a 120Hz refresh rate, 1000-nits peak brightness, and an impressive 89.9% screen-to-body ratio, the K13x ensures fluid visuals, crisp clarity, and a more immersive field of view—perfect for content consumption and gaming on the move. Ultra Volume Mode amplifies audio output up to 300%, delivering clear and loud sound whether you're in a crowded café or navigating a busy street. Certified to retain smooth performance for over 36 months, the OPPO K13x 5G offers a truly immersive and dependable entertainment experience from day one—and far beyond.

      Immersive Entertainment, Smart AI Enhancements The OPPO K13x 5G is designed for users who want to do more—create, share, and enjoy—without limitations. Its 50MP AI Dual Camera, paired with a 2MP depth sensor and an 8MP front camera, captures crisp, vibrant photos with refined depth and natural-looking bokeh. The system is supercharged by smart tools like AI Eraser, AI Unblur, AI Reflection Remover, and AI Clarity Enhancer, delivering studio-like results in every frame. For creators and students, AI-powered features like AI Summary, AI Studio, AI Recorder, and Google Gemini transform the way you take notes, transcribe content, or generate visuals—simplifying tasks while enhancing creativity. The new ColorOS 15 based on Android 15 ties everything together with fluid animations, a minimalist UI, and smart utilities like file docking and predictive suggestions for seamless multitasking.

      Backed by AI LinkBoost 2.0’s advanced 360° antenna architecture and intelligent network switching, the K13x 5G ensures ultra-reliable connectivity—even in elevators, underground locations, or crowded urban areas. Whether you're uploading assignments, joining online meetings, or sharing content on the go, the OPPO K13x keeps you connected, uninterrupted.

      A Processor That Punches Above Its Weight Under the hood, the OPPO K13x 5G is powered by the MediaTek Dimensity 6300 processor—a segment standout that delivers fluid, responsive performance across the board. Built on a highly efficient 6nm process, it offers superior thermal control, AI-assisted power optimization, and enhanced responsiveness, making multitasking, gaming, and content consumption smooth and uninterrupted. Whether you're juggling assignments, streaming your favourite series, or gaming on the go, the Dimensity 6300 keeps things fast and consistent. Complementing the processor is UFS 2.2 storage, which ensures quicker app launches, faster file transfers, and seamless data handling. Complementing this is the side fingerprint unlock, which offers quick, secure access with just a natural thumb press—making unlocking seamless and intuitive, even on the go.

      Made in India, Built for Real Life Proudly made in India, the OPPO K13x 5G undergoes rigorous real-world durability tests—from 1.4-meter granite drop tests to high-velocity water spray simulations—ensuring it can withstand the chaos of everyday life. Whether it’s your first day at college, a packed commute, or a weekend adventure, this is a phone built to keep up. Available in two stunning finishes—Midnight Violet and Sunset Peach—the K13x doesn’t just survive tough conditions, it stands out with style. It’s a device that blends world-class engineering with local manufacturing strength to redefine what’s possible under ₹15,000. Durable, dependable, and designed to dazzle—the K13x is built for your grind and styled for your vibe.

      About OPPO India PVT Ltd.

      OPPO is a leading global smart device brand. Since the launch of its first mobile phone - “Smiley Face” - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services. OPPO has footprints in more than 70 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.

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

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