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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      VISION & IMAGE SHANGHAI 2025 Open in July.

      July 2, 2025

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      Driving New Momentum in Imaging Industry through Integration and Collaboration SHANGHAI, July 2, 2025 /PRNewswire/ -- The VISION & IMAGE SHANGHAI 2025 will be held at the Shanghai New International Expo Center from July 17 to 19 (Thursday to Saturday), 2025.

      With the theme of "Imaging Innovation • Integrated Collaboration", the exhibition attracts approximately 350 exhibitors and brands from 11 countries and regions including Mainland China, the United States, Russia, Japan, Germany, Spain, Italy, Vietnam, Malaysia, Ukraine, South Korea, and the Hong Kong Special Administrative Region, establishing itself as a professional exhibition with extensive influence in the imaging industry. Among them, the "PHOTO & IMAGING SHANGHAI 2025", co-hosted by the Council for the Promotion of International Trade Shanghai, Shanghai Photographers Association, and Shanghai International Exhibition Management Co.,Ltd, has been awarded the title of Shanghai Excellent Exhibition for two consecutive years, becoming an annual must-visit event for photographers! Full-chain Presentation from Imaging Capture to Post-production, with Brands Gathering to Meet Diverse Commercial Shooting Scenarios Relying on the era opportunity of "technological innovation and ecological renewal", the VISION & IMAGE SHANGHAI 2025 brings together its subsidiary exhibitions, including the "PHOTO & IMAGING SHANGHAI 2025", "Video Equipment & Technology Show 2025", "Shanghai International Photo Printing & Art Framing Expo 2025", and "Maternity & Children's Portrait Photography Fair 2025". It also collaborates with the "China Wedding Expo 2025" and the "2025 SHANGHAI BRIDAL FASHION SHOWROOM" to achieve multi-exhibition linkage and resource integration.

      The exhibition comprehensively displays new trends, products, and technologies covering "cameras, lenses & filters, photography accessories, film lighting, audio-video equipment, AI technology, digital software, online delivery, imaging output, imaging materials, post-production, framing & mounting, theme sample photos, photo albums & frames, background props, consulting & training, marketing services", etc. It caters to needs from the new tracks of "short videos + live streaming" and "short dramas + short films", and from wedding photography and children's photography to cultural tourism photography, destination weddings, dual-image wedding photography, and graduation season campus photography markets, promoting new forms of cross-border integration between "imaging+" and multiple fields such as commerce, culture, and tourism! The exhibition occupies Halls E1-E5, gathering domestic and international brand exhibitors, including Fujifilm, Canon, Nikon, Godox, Lishuai, Pgytech, Zhiyun, Meking, Yongnuo, Lexar, Meike, Moma, Neewer, Shimoda, TENBA, SYNCO, Boya, Saramonic, VSGO, NiceFoto, Exascend, Hikvision Storage, Kase, Epson, Fantac, Lucky, Pixel Cake, Baidu Netdisk, MeituYunxiu, DNP, Uni-colour, STARNETeVidec, Tuling, Wang Jun, Yonghe, Xinchangcheng, Alice, Huiyi, Shanwen, Dawang Jiahe, Yingke, Wang Bin, Baojing, Xuxin, 13th District Master Portrait, Su Zhen Sample Photos, Piya Imaging, KD Photography Props, Honggu Xiaoai, Yingzhihui & Yingsuyun, Shengyuhongyang, Sunan Film & TV•KABABA, Weishiguang, etc., reshaping industrial advantages! Sustained Expansion of Photography Industry Market Scale, Demonstrating Vigorous Development Momentum According to relevant data statistics, in 2024, the global digital camera shipment volume reached 8.49 million units, an increase of 10%, among which the shipment volume of mirrorless cameras (also known as micro single cameras), which have dominated the market, was 5.61 million units, an increase of 16.1%. The camera shipment volume in the Chinese market reached 1.9481 million units, with sales reaching 229.923 billion yen (11.384 billion RMB), among which the sales volume of mirrorless cameras reached 1.6364 million units, a year-on-year increase of 36.4%, making China the world's largest mirrorless camera market.

      On social media, the wave of mirrorless and retro cameras has surged. Camera manufacturers such as Fujifilm, Canon, and Nikon have launched "flashback " campaigns, introducing new products that perfectly integrate analog film dials, lightweight bodies, and classic appearance designs, allowing users to start stylish street photography at any time with the camera in their pockets.

      The rigid demand for professional imaging in short video and Vlog content creation has contributed to the camera purchase boom. Therefore, imaging devices that combine movie-level professional high image quality with flexibility, compactness, and diverse video creative expression features have ushered in development opportunities. Whether for film short dramas, live streaming, Vlogs, or 3D VR videos, professional equipment can help create high-quality social network imaging content, enabling video creators to achieve creative freedom.

      In addition, the "silver economy" is also an important driver of camera consumption. Outdoor travel photography and learning photography not only enrich the retirement life of the elderly but also help them maintain active thinking. Overall, cameras have gradually become the "social currency" for young people and the "hobby" for middle-aged and elderly people to enrich their lives, with more and more people picking up cameras to express themselves and enrich their lives.

      Comprehensive Integration of AI into Commercial Imaging: Focusing on the Present and Embracing Changes AI has been fully integrated into the imaging chain. New products from Fujifilm, Canon, and Nikon respectively feature intelligent composition, enhanced scene and subject recognition, in-camera AI retouching, and even AI video functions. Computational photography's "AI super-resolution" and "deblurring" have become practical functions to improve image quality.

      Driven by the demand for personalized "filter ecology", imaging consumers have an increasingly strong demand for color styles. A series of rich cloud LUT libraries and AI-optimized calibrations meet the creative needs of different scenes and emotions, from ins style to the cyberpunk style, generating atmospheric masterpieces with one click.

      In recent years, innovative applications of AI enterprises such as Pixel Cake, MeituYunxiu, Baidu Netdisk, and Tuling in the commercial photography field have significantly improved retouching quality and efficiency, thereby saving labor costs and shortening the time cycle from shooting to delivery.

      Industry Leaders Gathering to Focus on the "New Force" of Campus Imaging in the Yangtze River Delta The VISION & IMAGE SHANGHAI 2025 gives full play to its resource advantages, focuses on the current imaging industry's "hot search keywords", and aims to promote imaging culture, connect market supply and demand, and boost commercial and consumer markets. In addition to displaying a rich and diverse product ecosystem, the exhibition will collaborate with partners to hold a series of activities for discussing industry trends, sharing creative experiences and insights.

      Preview of some concurrent conferences and activities: • Imaging Week•Shanghai: Yangtze River Delta University Youth Photography Joint Exhibition • Imaging Week•Shanghai: Youth Photography Live PK Competition during • "Poetic Rhythm of Mountains and Rivers under the Cloud" Aerial Imaging Works Collection Activity • "Future Vision, Created by Me" V-TECH Video Industry Conference and Campus Video Creation Collection Activity • Cute childlike innocence・Graduation Season and Maternity, Infant & Children Portrait Photography Private Sharing Workshop • Click Time・Studio Scene Blind Box Experience Station • P&I Imaging Industry Lecture • Commercial Breakthrough・Full-chain Forum for Wedding Photography Industry The VISION & IMAGE SHANGHAI 2025 is fully prepared. We look forward to gathering with colleagues at home and abroad in Shanghai to participate in this imaging grand event! Currently, the reservation channel is open.

      Click the link to register immediately: http://yshz.cn/LdqqYP.

      We sincerely invite imaging industry purchasers and enthusiasts to gather at the Shanghai New International Expo Center.

      Exhibition Information VISION & IMAGE SHANGHAI 2025 Time: July 17-19, 2025 (Thursday-Saturday) Venue: Shanghai New International Expo Center (Halls E1-E5) Address: No. 2345 Longyang Road, Pudong New Area (Entrance Hall 1) Transportation: Huamu Road Station, Metro Line 7 Press Contact Shanghai International Exhibition Management Co., Ltd.

      Tel: (86) 21 6279 2828 (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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