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    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
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
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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.
    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
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    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
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    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
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    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
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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.
    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.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
    Show AI Summary
    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
    Show AI Summary
    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
    Show AI Summary
    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.

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      Venezuela releases jailed Americans in deal that frees migrants deported to El Salvador by US

      July 19, 2025

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      Caracas (Venezuela), Jul 19 (AP) Venezuela on Friday released 10 jailed US citizens and permanent residents in exchange for getting home scores of migrants deported by the United States to El Salvador months ago under the Trump administration's immigration crackdown, officials said.

      The complex, three-country arrangement represents a diplomatic achievement for Venezuelan President Nicolás Maduro, helps President Donald Trump in his goal of bringing home Americans jailed abroad and lands Salvadoran President Nayib Bukele a swap that he proposed months ago.

      “Every wrongfully detained American in Venezuela is now free and back in our homeland,” Secretary of State Marco Rubio said in a statement in which he thanked Bukele, a Trump ally.

      Bukele said El Salvador had handed over all the Venezuelan nationals in its custody. Maduro described Friday as “a day of blessings and good news for Venezuela." He called it “the perfect day for Venezuela.” Venezuelans leave El Salvador's mega-prison Central to the deal are more than 250 Venezuelan migrants freed by El Salvador, which in March agreed to a USD 6 million payment from the Trump administration to house them in its notorious prison.

      That arrangement drew immediate blowback when Trump invoked an 18th-century wartime law, the Alien Enemies Act, to quickly remove the men that his administration had accused of belonging to the violent Tren de Aragua street gang, teeing up a legal fight that reached the US Supreme Court. The administration did not provide evidence to back up those claims.

      The Venezuelans had been held in a mega-prison known as the Terrorism Confinement Centre, or CECOT, which was built to hold alleged gang members in Bukele's war on the country's gangs. Human rights groups have documented hundreds of deaths as well as cases of torture inside its walls.

      Lawyers have little access to those in the prison, which is heavily guarded, and information has been locked tight, other than heavily produced state propaganda videos showing tattooed men packed behind bars.

      Photos and videos released by El Salvador's government on Friday showed shackled Venezuelans sitting in a fleet of buses and boarding planes surrounded by officers in riot gear. One man looked up and pointed toward the sky as he climbed aboard a plane, while another made an obscene gesture toward police.

      After arriving in Venezuela, some of the migrants crossed themselves, cried and hugged one another. They wore face masks and street clothes.

      Maduro alleged that some of them were subjected to various forms of abuse at the Salvadoran prison, and one of them even lost a kidney “due to the beatings he received.” Interior Minister Diosdado Cabello told reporters the men would undergo medical tests and background checks before they could go home.

      One of the men is reportedly Andry Hernández Romero, a makeup artist who fled Venezuela last year and was taken into Immigration and Customs Enforcement custody at a border crossing in San Diego before eventually being flown to El Salvador.

      Representative Robert Garcia, D-Calif., posted on social media Friday night: “We have been in touch with Andry Hernandez Romero's legal team and they have confirmed he is out of CECOT and back in Venezuela. We are grateful he is alive and are engaged with both the State Department and his team.” In April, Bukele proposed exchanging the Venezuelans for the same number of what he called “political prisoners” held by Maduro. The suggestion provoked a harsh response from Venezuelan authorities, who called his comments “cynical” and referred to Bukele as a “neofascist." Families say the Americans released are innocent.

      The State Department office responsible for negotiating the release of American detainees posted a photo Friday evening of the newly released prisoners smiling for the camera inside an aeroplane bringing them home, some clutching an unfurled American flag.

      A plane carrying the freed Americans arrived late Friday evening at Joint Base San Antonio, with some waving flags and rushing to embrace each other after they landed.

      Among those released was 37-year-old Lucas Hunter, whose family says he was kidnapped in January by Venezuelan border guards from inside Colombia, where he was vacationing.

      “We cannot wait to see him in person and help him recover from the ordeal,” his younger sister Sophie Hunter said.

      Venezuelan authorities detained nearly a dozen US citizens in the second half of 2024 and linked them to alleged plots to destabilise the country.

      “We have prayed for this day for almost a year. My brother is an innocent man who was used as a political pawn by the Maduro regime," said a statement from Christian Castenada, whose brother Wilbert, a Navy SEAL, was arrested in his Caracas hotel room last year.

      Global Reach, a nonprofit organisation that had advocated for his release and that of several other Americans, said Venezuelan officials initially and falsely accused him of being involved in a coup but backed off that claim.

      The three-country swap gives Maduro a boost.

      The release of the Venezuelans, meanwhile, is an invaluable win for Maduro as he presses his efforts to assert himself as president despite credible evidence that he lost reelection last year.

      Long accused of human rights abuses, Maduro for months has used the migrants' detention in El Salvador to flip the script on the US government, forcing even some of his strongest political opponents to agree with his condemnation of the migrants' treatment.

      Their return will allow Maduro to reaffirm support within his shrinking base, while demonstrating that even if the Trump administration and other nations see him as an illegitimate president, he is still firmly in power.

      Just a week ago, the US State Department reiterated its policy of shunning Maduro government officials and recognising only the National Assembly elected in 2015 as the legitimate government of the country. Signed by Rubio, the cable said US officials are free to meet and have discussions with National Assembly members, “but cannot engage with Maduro regime representatives unless cleared by the Department of State.” Maduro's crackdown on dissent spurs detentions.

      The Americans were among dozens of people, including activists, opposition members and union leaders, that Venezuela's government took into custody in its brutal campaign to crack down on dissent in the 11 months since Maduro claimed to win reelection.

      Besides the US, several other Western nations also do not recognise Maduro's claim to victory. They instead point to tally sheets collected by the opposition coalition showing that its candidate, Edmundo González, won the July 2024 election by more than a two-to-one margin.

      The dispute over results prompted immediate protests, and the government responded by detaining more than 2,000 people, mostly poor young men. González fled into exile in Spain to avoid arrest.

      More than 7.7 million Venezuelans have migrated since 2013, when its oil-dependent economy came undone and Maduro became president. Most settled in Latin America and the Caribbean, but after the COVID-19 pandemic, many saw the US as their best chance to improve their living conditions.

      The US and Venezuela have agreed on other releases Despite the US not recognising Maduro, the two governments have carried out other recent exchanges.

      In May, Venezuela freed a US Air Force veteran after about six months in detention. Joseph St Clair's family has said the language specialist, who served four tours in Afghanistan, had travelled to South America to seek treatment for post-traumatic stress disorder.

      Three months earlier, six other Americans whom the US government considered wrongfully detained in Venezuela were released after Richard Grenell, Trump's envoy for special missions, met with Maduro at the presidential palace.

      Grenell, during the meeting in Caracas, urged Maduro to take back deported migrants who have committed crimes in the US. Hundreds of Venezuelans have since been deported to their home country.

      Maduro's government had accused the Trump administration of “kidnapping” the children by placing them in foster care after their parents were deported. (AP) SKS RD RD

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