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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
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    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.
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    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.
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    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
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    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.
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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.
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    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.
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    August 6, 2026
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    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
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    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
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    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
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    August 6, 2026
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    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.
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    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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      Nationwide strike: Normal life remains unaffected, sporadic violence in West Bengal

      July 9, 2025

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      New Delhi, Jul 9 (PTI) Normal life was not impacted in most parts of the country due to a nationwide strike called by several trade unions to protest against labour policies of the central government, though some sporadic incidents of violence were reported from West Bengal.

      However, the trade unions claimed that the strike was successful, and a large number of workers abstained from work, impacting the postal, banking, insurance, and mining sectors.

      Although the agitation remained by and large peaceful, reports of violence were received from pockets of West Bengal after Left-wing activists clashed with police and TMC supporters in various districts.

      In a statement, a forum of 10 trade unions said there was a bandh-like situation in many areas of the country, like Puducherry, Assam, Bihar, Jharkhand, Tamil Nadu, Punjab, Kerala, West Bengal, Odisha, Karnataka, Goa, Meghalaya, and Manipur etc. Reports of partial bandhs were also received in many segments of Rajasthan, Haryana, Telangana, and Andhra Pradesh, among others.

      There were industrial and sectoral strikes held in Madhya Pradesh, Maharashtra, Uttar Pradesh, Uttarakhand and Gujarat, it added.

      They have called the one-day strike in support of their demand for doing away with four labour codes, contractualisation, privatisation of PSUs, increasing minimum wages to Rs 26,000 per month, as well as the demands of farmer organisations for minimum support price for crops based on Swaminathan commission's formula of C2 plus 50 per cent, and loan waiver for farmers.

      The forum had last year submitted a 17-point demand to Labour Minister Mansukh Mandaviya.

      The government has not been conducting the annual labour conference for the last 10 years, the forum claimed.

      In the national capital, the markets across the national capital remained open on Wednesday, and the bandh had no impact on Delhi's commercial activity, said the Confederation of All India Traders (CAIT).

      "All 700 markets and 56 industrial areas in Delhi are functioning as usual," said CTI chairman Brijesh Goyal.

      The forum said the unions in Delhi, after taking out a procession in industrial areas, held a public rally at Jantar Mantar, which was addressed by national leaders.

      There were reports of the strike impacting a few select services in Kerala, Jharkhand, and Puducherry.

      The general strike was initially called for May 20 but was rescheduled, following the Pahalgam terror strike and subsequent Operation Sindoor. The ten trade unions are INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF and UTUC.

      The forum had claimed that more than 25 crore workers are being mobilised for the "general strike" in protest against the new labour codes, along with other issues.

      Many parts of Kerala, ruled by the CPI(M), came to a standstill due to the strike. The strike has received strong support from trade unions and Left-leaning organisations in the state.

      In Puducherry, privately operated buses, autos and tempos were off the roads due to the strike. The management of private schools declared a holiday as a precautionary measure, according to sources. Shops, establishments, vegetable and fish markets remained closed.

      Vehicular movement in different parts of Odisha, including in the capital city of Bhubaneswar, has been affected on Wednesday due to the strike by trade unions and drivers' associations.

      Commercial vehicles remained off the roads in Assam on Wednesday as members of several unions, including tea garden workers, staged demonstrations across the state.

      Tourist taxi services between Assam and Meghalaya were suspended on Wednesday as part of a nationwide 'chakka jam' called by central trade unions and national federations.

      The agitation impacted the normal movement of Haryana Roadways buses at some places.

      In places like Hisar, Bhiwani, Kaithal and Kurukshetra, the normal movement of the state transport was impacted.

      The roadway employees staged a sit-in protest at the bus terminals in support of the demands.

      Normal life remained largely unaffected in Karnataka on Wednesday, though protests were held in various places in the wake of the strike.

      All India Power Engineers Federation claimed that over 27 lakh power sector workers hit the road across the country to protest against privatisation.

      The opposition CPI(M) on Wednesday claimed that the general strike called by 10 central trade unions and supported by the Left parties received an overwhelming response from the working classes in West Bengal.

      State CPI(M) secretary Mohammed Salim claimed that the banking, insurance, transportation sectors and factory workers overwhelmingly participated in the strike.

      Madhya Pradesh Bank Employees Association (MPBEA) chairman Mohankrishna Shukla claimed that around 40,000 employees in about 8,700 bank branches across the state joined the strike. They include staff of 11 public sector banks and some regional rural banks (RRBs).

      Left-leaning bank unions -- All India Bank Employees Association, All India Bank Officers Association and Bank Employees Federation of India ( AIBEA, AIBOA and BEFI ) also supported the all-India strike, leading to disruption in services in some parts of the country.

      However, there was no impact on private sector banks and many large public sector banks like SBI, PNB and BoB. Receipts and payment of cash, sending cheques for clearance, and all other routine work in the branches, where these unions had a strong presence.

      "As per our information, clearing of cheques in the National Grids will be affected today due to the strike. About 4 crore cheques for about Rs 20 lakh crore were delayed by one day for clearance," AIBEA general secretary CH Vekatachalam told PTI.

      As far as the insurance sector is concerned, the All India LIC Employees' Federation and All India Insurance Employees Association participated in the strike.

      The impact was visible in three areas as far as LIC's operations were concerned due to the strike call, All India LIC Employees' Federation Joint Secretary P Vijay Kumar said.

      Premium collections, claims settlement and policy servicing were impacted due to the strike, he added. PTI TEAM KKS DP CS BAL

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