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    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
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
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    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
    Show AI Summary
    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.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.

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      US expands militarised zones to 1/3 of southern border, stirring controversy

      July 4, 2025

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      Columbus, Jul 4 (AP) Orange no-entry signs posted by the US military in English and Spanish dot the New Mexico desert, where a border wall cuts past onion fields and parched ranches with tufts of tall grass growing amidst wiry brush and yucca trees.

      The Army has posted thousands of the warnings in New Mexico and western Texas, declaring a “restricted area by authority of the commander”.

      It's part of a major shift that has thrust the military into border enforcement with Mexico like never before.

      The move places long stretches of the border under the supervision of nearby military bases, empowering US troops to detain people who enter the country illegally and sidestep a law prohibiting military involvement in civilian law enforcement.

      It is done under the authority of the national emergency on the border declared by President Donald Trump on his first day in office.

      US authorities say the zones are needed to close gaps in border enforcement and help in the wider fight against human smuggling networks and brutal drug cartels.

      The militarisation is being challenged in court, and has been criticised by civil rights advocates, humanitarian aid groups and outdoor enthusiasts who object to being blocked from public lands while troops have free rein.

      Abbey Carpenter, a leader of a search-and-rescue group for missing migrants, said public access is being denied across sweltering stretches of desert where migrant deaths have surged.

      “Maybe there are more deaths, but we don't know," she said.

      Military expansion Two militarised zones form a buffer along 230 miles of border, from Fort Hancock, Texas, through El Paso and westward across vast New Mexico ranchlands.

      The Defense Department added an additional 250-mile zone last week in Texas' Rio Grande Valley and plans another near Yuma, Arizona. Combined, the zones will cover nearly one-third of the US border with Mexico.

      They are patrolled by at least 7,600 members of the armed forces, vastly expanding the US government presence on the border.

      Reaction to the military buffer has been mixed among residents of New Mexico's rural Luna County, where a strong culture of individual liberty is tempered by the desire to squelch networks bringing migrants and contraband across the border.

      “We as a family have always been very supportive of the mission, and very supportive of border security,” said James Johnson, a fourth-generation farmer overseeing seasonal labourers as they filled giant plastic crates with onions, earning USD 22 per container.

      Military deployments under prior presidents put “eyes and ears” on the border, Johnson said. This version is “trying to give some teeth”.

      But some hunters and hikers fear they're being locked out of a rugged and cherished landscape.

      “I don't want to go down there with my hunting rifle and all of a sudden somebody rolls up on me and says that I'm in a military zone,” said Ray Trejo, a coordinator for the New Mexico Wildlife Federation and a Luna County commissioner. “I don't know if these folks have been taught to deescalate situations.” A former public school teacher of English as a second language, Trejo said military trespassing charges seem inhumane in an economy built on immigrant farm labour.

      “If the Army, Border Patrol, law enforcement in general are detaining people for reasons of transporting, of human smuggling, I don't have a problem,” he said. “But people are coming into our country to work, stepping now all of a sudden into a military zone, and they have no idea.” Nicole Wieman, an Army command spokesperson, said the Army is negotiating possible public access for recreation and hunting, and will honour private rights to grazing and mining.

      Increased punishment More than 1,400 migrants have been charged with trespassing on military territory, facing a possible 18-month prison sentence for a first offense.

      That's on top of an illegal entry charge that brings up to six months in custody. After that, most are turned over to US Customs and Border Protection for likely deportation. There have been no apparent arrests of US citizens.

      At a federal courthouse in Las Cruces, New Mexico, on the banks of the Upper Rio Grande, migrants in drab county jail jumpsuits and chains filed before a magistrate judge on a recent weekday.

      A 29-year-old Guatemalan woman struggled to understand instructions through a Spanish interpreter as she pleaded guilty to illegal entry. A judge set aside military trespassing charges for lack of evidence, but sentenced her to two weeks in jail before being transferred for likely deportation.

      “She sells pottery, she's a very simple woman with a sixth-grade education,” a public defence attorney told the judge. “She told me she's going back and she's going to stay there.” Border crossings Border Patrol arrests along the southern border this year have dropped to the lowest level in six decades, including a 30 per cent decrease in June from the prior month as attempted crossings dwindle.

      On June 28, the Border Patrol made only 137 arrests, a stark contrast with late 2023, when arrests topped 10,000 on the busiest days.

      The first militarised zones, introduced in April and May, extend west of El Paso past factories and cattle yards to partially encircle the New Mexico border village of Columbus, and its 1,450 residents. It was here that Mexican revolutionary forces led by Pancho Villa crossed into the US in a deadly 1916 raid.

      These days, a port of entry at Columbus is where hundreds of children with US citizenship cross daily from a bedroom community in Mexico to board public school buses and attend classes nearby.

      Columbus Mayor Philip Skinner, a Republican, says he's seen the occasional military vehicle but no evidence of disruption in an area where illegal crossings have been rare.

      “We're kind of not tuned in to this national politics,” Skinner said.

      Oversight is divided between US Army commands in Fort Bliss, Texas, and Fort Huachuca, Arizona. The militarised zones sidestep the Posse Comitatus Act, an 1878 law that prohibits the military from conducting civilian law enforcement on US soil.

      Russell Johnson, a rancher and former Border Patrol agent, said he welcomes the new militarised zone where his ranch borders Mexico on land leased from the Bureau of Land Management.

      “We have seen absolutely almost everything imaginable that can happen on the border, and most of it's bad,” he said, recalling off-road vehicle chases on his ranch and lifeless bodies recovered by Border Patrol.

      In late April, he said, five armoured military vehicles spent several days at a gap in the border wall, where construction was suspended at the outset of the Biden presidency. But, he said, he hasn't seen much of the military in recent weeks.

      “The only thing that's really changed is the little extra signage,” he said. “We're not seeing the military presence out here like we kind of anticipated." Court challenges Federal public defenders have challenged the military's new oversight of public land in New Mexico, seizing on the arrest of a Mexican man for trespassing through remote terrain to test the legal waters.

      They decried the designation of a new military zone without congressional authorization “for the sole purpose of enabling military action on American soil” as "a matter of staggering and unpreceded political significance.” A judge has not ruled on the issue.

      In the meantime, court challenges to trespassing charges in the militarised zone have met with a mixture of convictions and acquittals at trial.

      Ryan Ellison, the top federal prosecutor in New Mexico, won trespassing convictions in June against two immigrants who entered a militarised zone again after an initial warning.

      “There's not going to be an issue as to whether or not they were on notice,” he told a recent news conference.

      American Civil Liberties Union attorney Rebecca Sheff says the federal government is testing a more punitive approach to border enforcement with the new military zones and worries it will be expanded border-wide.

      “To the extent the federal government has aspirations to establish a much more hostile military presence along the border, this is a vehicle that they're pushing on to potentially do so. … And that's very concerning,” she said. (AP) PY

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