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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
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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.
    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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      Shashi Tharoor Delivers Lectures on India’s Values, Democracy & Civilization at Oxford and London organized by O.P. Jindal Global University

      July 9, 2025

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      Oxford & London, UK, 9 July 2025: In a series of distinguished lectures and discourses held in the United Kingdom, Dr. Shashi Tharoor, Member of Parliament, India, spoke about the enduring lessons from India’s civilizational heritage and the evolution of the Indian Constitution at 75. His lectures offered a powerful reflection on the trajectory of India’s constitutional democracy—its successes in protecting rights and freedoms, and the challenges that lie ahead as India approaches 100 years of independence in 2047. The landmark events were organized by O.P. Jindal Global University (JGU), India’s leading private university and an Institution of Eminence. The lectures were held at University College, Oxford and Somerville College, Oxford, and at the Honourable Society of the Inner Temple in London.

      At University College, Oxford, Dr. Tharoor delivered a compelling lecture on the theme: “An Immemorial Civilization: Lessons from India, Lessons for India.” He took the distinguished audience on a journey through more than 2,500 years of Indian history, emphasizing the nation’s legacy of religious tolerance, non-violence, and social justice. There are lessons to be drawn from India’s historical and mythical figures and also from modern reformers and leaders like Vivekananda and Mahatma Gandhi. India’s secularism and egalitarianism have been shaped by its ancient wisdom. No nation can be called democratic and progressive unless it combats the injustices faced by the marginalized and subjugated. Indian civilization, at its most luminous moments, has done exactly that, and our quest for modernist equality has always been forged through a struggle against orthodoxy, casteism, superstition and fundamentalist exclusion,” Dr. Tharoor said.

      He continued, “The task before us is not just to remember India, but to reimagine it—to draw from the deep wells of our immemorial inheritance the ethical resolve to confront contemporary inequities with courage, conviction and moral clarity, thus ensuring greater rights to the disenfranchised and those on the margins of our society.” In his address, Dr. Tharoor explained how, since the time of Ashoka, the great Mauryan emperor, the Indian ethos has promoted not merely tolerance but acceptance. “India and its memorial civilization has lessons for the world today: that one is free to strive and seek and arrive at one’s own conception of the Almighty. And the greatest truth is to acknowledge the existence of other truths! As Vivekananda said, Hinduism is a religion that taught the world not just tolerance, but acceptance.” At Somerville College, Oxford, Dr. Tharoor eloquently traced the journey of the Indian Constitution in a lecture titled “Indian Constitution at 75: Protecting Rights, Expanding Freedoms & Empowering Citizens.” He emphasized the enduring importance of the Constitution’s foundational ideals in guiding India through complex and diverse aspirations. “Our Constitution represents not only a legal framework but a social contract that has bound our diverse nation together. As we mark 75 years of its adoption, we must recommit ourselves to defending the rights and freedoms it enshrines for every citizen,” Dr. Tharoor remarked.

      Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of O.P. Jindal Global University, introduced Dr. Tharoor at the events and spoke on the significance of global dialogue on constitutional values, democratic governance, and sustainability. “This occasion at Oxford reaffirms our belief that universities must be active participants in shaping democratic societies. The Indian Constitution is a living testament to the strength of democratic ideals, and Dr. Tharoor’s insights remind us of the need to protect, expand and renew those values across generations and borders,” said Professor Kumar. He added, “Dr. Tharoor is a leading public intellectual, writer, author and a beacon of the democratic process in India, having won four times from his constituency! This event is a celebration of intellectual engagement and institutional purpose. Dr. Tharoor’s powerful lecture inspires us to reaffirm our commitment to democratic values and global cooperation. As a global university, we are proud to bring together thought leaders and changemakers who shape the future of our world.” The discussions were further enriched by a response from Professor (Dr.) Shailendra Raj Mehta, O.P. Jindal Distinguished University Professor, who provided academic commentary and broader perspectives on the challenges and opportunities of constitutional governance.

      JGU’s Sustainable Development Report 2025 was also presented during the event by Professor Padmanabha Ramanujam, Dean of the Office of Academic Governance at JGU. The report highlights the university’s steadfast commitment to advancing the United Nations Sustainable Development Goals (SDGs) through its teaching, research, and institutional practices.

      The event began with welcome remarks by Professor (Dr.) Radhika Khosla, Research Director at the Oxford India Centre for Sustainable Development.

      At the Honourable Society of the Inner Temple in London, O.P. Jindal Global University hosted another public lecture by Dr. Tharoor on the theme: “India at 2047: The Future of the World’s Largest Democracy.” Offering deep insights into the current state of Indian democracy, its institutional achievements, and the need for vigilance in safeguarding its constitutional values, Dr. Tharoor said: “India’s democratic journey has been both remarkable and resilient, but it faces serious tests in the years ahead. Institutions matter, but the spirit behind those institutions matters even more.” He added, “I commend O.P. Jindal Global University for fostering important conversations on democracy and development at the global level.” Mr. Naveen Jindal, Chancellor of O.P. Jindal Global University and Member of Parliament (Lok Sabha), India, also addressed the distinguished gathering. He emphasized the need for a forward-looking vision for India in 2047, grounded in five core values: • Education: “Especially primary education, as the foundation needs to be strong. It’s a drop in the ocean to have started two universities—O.P. Jindal Global University and O.P. Jindal University in Chhattisgarh, which is an engineering university.” • Economy: “India’s economy needs to be strong, one that creates jobs and wealth for the nation. There needs to be a lot of action, risk-taking, investment and enterprise.” • Entrepreneurship: “The private sector in India is driven by very enterprising people. We need to nurture them and respect the wealth creators more.” • Energy: “Our future must be powered increasingly by clean, renewable, and sustainable energy. Empowerment means access to affordable energy for both the rich and the poor.” • Equality: “This is the soul of a true democracy, which lies in equality of opportunity—something we must ensure for all 1.4 billion of our citizens.” (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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