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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
    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
    Show AI Summary
    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
    August 6, 2026
    Show AI Summary
    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
    Show AI Summary
    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
    Show AI Summary
    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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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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      IBSAT 2025, an MBA/PGPM Entrance Exam for 9 campuses of ICFAI Business School, opens July 1, 2025

      July 1, 2025

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      HYDERABAD, India, July 1, 2025 /PRNewswire/ -- IBSAT is an online aptitude test conducted by The ICFAI Foundation for Higher Education (The IFHE), Hyderabad — a Deemed University. With remote proctoring, it can be taken from the comfort of one's home. The test assesses a candidate's skills in Quantitative Techniques, Data Interpretation, Data Adequacy, Vocabulary, Analytical Reasoning, and Reading Comprehension.

      Getting into a good B-school is the first step toward a rewarding management career. At ICFAI Business School (IBS), the selection process is designed to identify not just academic performers but also those with the potential to lead, innovate, and collaborate. Here's a quick overview of how the IBS Selection process works: Candidates with valid scores in CAT, NMAT by GMAC™, XAT, or GMAT™ (from 2023 onwards) are exempted from taking IBSAT 2025. However, taking IBSAT 2025 will make them eligible for a ₹2 lakh scholarship. In both circumstances, the candidates have to fill in the IBSAT 2025 application form to proceed further.

      IBSAT 2025 scores, as well as valid scores from the above national-level tests, are accepted for admission to the following programs: • MBA program at IBS Hyderabad, IBS Bangalore, IBS Dehradun, and IBS Jaipur • PGPM program at IBS Ahmedabad, IBS Gurgaon, IBS Kolkata, IBS Mumbai, and IBS Pune Eligibility Criteria MBA/PGPM: 2-Year Management Program • Graduation (any discipline) with 50% and above marks, with English as the medium of instruction.

      • Applicants must have completed at least 15 years of education (10+2+3 or 10+2+4 basis).

      • Candidates not meeting the English medium criterion must submit TOEFL/ NELT/ IELTS scores by May 31, 2026.

      • Final-year students are eligible to apply, provided they complete all graduation requirements (including practical exams, viva, assignments) before May 31, 2026.

      - Admission will remain provisional until they submit required academic proof.

      - Last date for submission of graduation documents: November 1, 2026.

      • Eligibility verification will begin from August 2026. It is the candidate's responsibility to ensure they meet all criteria.

      PhD Program in Management (Full-time / For Working Executives) Academic Requirements: • Graduation (any discipline) with 50% and above marks, with English as the medium of instruction.

      AND • Post-graduation (full-time) in any of the following, with 55% and above marks: - Management (Marketing/ Finance/ HR/ Operations) from a UGC-recognized university - Allied disciplines: Economics, Commerce, Psychology, Sociology, Public Administration, Statistics, Mathematics - Professional qualifications: CFA / CA / CWA / CS Note: Candidates admitted through non-management post-graduation or professional qualifications are required to complete first-year MBA courses before continuing in the PhD program.

      • Candidates not meeting the English medium requirement (at either graduation or post-graduation level) must submit TOEFL/ NELT/ IELTS scores by May 31, 2026.

      Selection Process Candidates shortlisted based on their scores in IBSAT 2025, or through CAT, NMAT by GMAC™, XAT, or GMAT™ (from 2023 onwards), will be invited for the selection process starting in the second week of February, 2026.

      The process includes two components: Micro Presentation and Personal Interview.

      Micro Presentation This part of the process is designed to assess a candidate's ability to think on their feet, organize their thoughts, and communicate effectively. Candidates will get 1 minute to prepare and 3 minutes to speak on a general topic assigned at random.

      Personal Interview The interview lasts about 5 to 7 minutes and is conducted by a panel that evaluates the candidate's attitude, clarity of thought, communication skills, awareness of current affairs, and overall readiness for a career in management.

      Admission decision Final selection is based on past academic performance, along with performance in the Micro Presentation and Personal Interview.

      IBSAT 2025 Important Dates Event Dates IBSAT 2025 Applications Open July 1, 2025 – 3rd week of December 2025 IBSAT 2025 Test Dates December 27–28, 2025 IBSAT 2025 Result 1st week of January 2026 Selection Briefings From 2nd–3rd week of January 2026 (70+ cities) Selection Process From 2nd week of February 2026 at IBS Hyderabad IBSAT 2025 Exam Pattern Section Title No. of Questions I Verbal Ability 50 II Reading Comprehension 30 III Quantitative Aptitude 30 IV Data Adequacy & Interpretation 30 Total 140 • Test Duration: 2 hours • No negative marking • No sectional time limits • Syllabus is broadly aligned with other national-level management entrance exams Scholarships worth ₹10 crore IBS offers merit-based scholarships for top performers in IBSAT 2025 (to be held on December 27–28, 2025).

      Eligibility Categories • Top rankers in IBSAT 2025 • Wards of IBS alumni • Physically challenged candidates • Wards of defence personnel (serving/retired from Army, Navy, Air Force, Paramilitary Forces) 500 scholarships of ₹2 lakh each are planned for the Class of 2028. The amount will be adjusted—₹1 lakh each—against the first and second term program fee instalments.

      Terms and Conditions 1. Candidates must appear and qualify in IBSAT 2025 (on December 27 or 28, 2025).

      2. Admission formalities, including fee payment and registration, must be completed on time.

      3. Scholarship amount will be adjusted against the program fee only.

      4. If a student withdraws, the scholarship amount will be deducted before any applicable fee refund.

      Mock Tests Free mock tests are available onibsindia.org.

      Mini mocks can be accessed via the official IBS mobile app.

      A National Mock Test Series with prize money will be held on: • 3rd Saturdays of August, September, October, November 2025 • 2nd Saturday of December 2025 Prizes include: Total 100 Prizes • 1st Prize: ₹1,00,000 • 2nd Prize: ₹50,000 • 3rd Prize: ₹25,000 • other prizes worth ₹5,000 each To register, visit NMT page.

      Campus Highlights • Over 30 years of experience in management education • 9 campuses follow the same pedagogy—case-based learning and a 14-week industry internship • Modern infrastructure with classrooms, libraries, labs, Bloomberg terminals, and SAP access • Placements consistently above 94% across all campuses • Highest International Package: ₹41.40 lakh • Highest National Package: ₹22 lakh • IBS Hyderabad Average Package: ₹9.82 lakh • For details:Placement Report • 75,000+ alumni, 40% in senior roles, 10% in international positions • IBS Hyderabad is AACSB accredited, NIRF Rank 39, Business Today Rank 22 To know more about life at the IBS Campuses, follow the social media links: IBS Ahmedabad, IBS Kolkata , IBS Bangalore, IBS Pune, IBS Mumbai, IBS Hyderabad, IBS Jaipur, IBS Gurgaon, IBS Dehradun and IBS Admission Office Fee Structure (2026–28) Campus Program Fee (2 Years) IBS Hyderabad ₹17,01,000 IBS Bangalore (IFHE Off-Campus) ₹13,05,000 IBS Ahmedabad ₹9,09,000 IBS Gurgaon ₹9,09,000 IBS Mumbai ₹9,09,000 IBS Kolkata ₹9,09,000 IBS Pune ₹9,09,000 IBS Jaipur ₹8,01,000 IBS Dehradun ₹7,02,000 How to Apply for IBSAT 2025 IBSAT 2025 is a single application process for admission to the 2-year full-time MBA/PGPM 2026–28 programs across all nine IBS campuses: • IBS Ahmedabad, Bangalore, Dehradun, Gurgaon, Hyderabad, Jaipur, Kolkata, Mumbai, and Pune Steps to Apply: Online: 1. Visit the official application portal 2. Fill in personal and contact details 3. Submit the application 4. Pay the application fee of ₹1800 After successful payment, applicants will receive login credentials through Email/SMS.

      In a week's time IBSAT 2025 official brochure will be dispatched to the applicant's address.

      Offline: 1. Visit the nearest IBS Information office 2. Fill in personal and contact details 3. Submit the application 4. Pay the application fee of ₹1800 Login credentials and the IBSAT 2025 official brochure is provided at the time of application.

      Contact Us ICFAI Business School Admission Office Plot No. 65, Nagarjuna Hills Punjagutta, Hyderabad - 500082 Telangana Ph: 040 - 23440963 (5 lines) Toll Free :1800 425 55 66 77 Email - [email protected] Visit: ibsindia.org Photo: Embedded Media Logo: Embedded Media (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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