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    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
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    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
    Show AI Summary
    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
    Show AI Summary
    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
    Show AI Summary
    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
    Show AI Summary
    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
    Show AI Summary
    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
    Show AI Summary
    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
    Show AI Summary
    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
    Show AI Summary
    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
    Show AI Summary
    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
    Show AI Summary
    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.

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      Tata CLiQ’s Moments that CLiQ Sale across fashion, luxury and beauty is set to begin the celebrations for the festive season

      July 23, 2025

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      Mumbai, Maharashtra, India – Business Wire India • Starting July 24, browse and shop from leading global and Indian brands across fashion, luxury, and beauty and avail offers • Don't miss out on the early access starting on July 23 It's time to browse, shop and splurge, because the season’s most awaited sale is here! Whether you're refreshing your wardrobe or restocking your favourite beauty essentials, there's no better time to indulge as you gear up for the festive season. Tata CLiQ, the omnichannel e-commerce platform, is hosting the ‘Moments that CLiQ Sale’ across Tata CLiQ Fashion, Tata CLiQ Luxury, and Tata CLiQ Palette, starting from July 24 to August 10, 2025. Featuring irresistible offers across categories like apparel, accessories, beauty, eyewear, footwear, home, jewellery, watches, and more, the sale invites shoppers to explore and shop the latest collections from leading fashion, luxury, and beauty brands, all while enjoying significant savings.

      Sumit Puri, Vice President – Marketing, Tata CLiQ, said, “We are thrilled to offer a thoughtful selection of products across a wide range of categories on Tata CLiQ Fashion, Tata CLiQ Luxury, and Tata CLiQ Palette, at never before prices. With the festive season around the corner, it brings joyful reunions with loved ones, which become an ideal occasion for one to shop for sparkle-ready styles and embrace the soft glam moments. We anticipate strong growth compared to last year’s sale event, with categories like apparel, accessories, beauty, and watches expected to attract a strong consumer interest given the season. We look forward to making this a rewarding shopping experience for our customers as they kick-start their festive celebrations.” On Tata CLiQ Fashion, enjoy up to 30-85% off on brands across fashion and lifestyle, along with benefits such as additional coupons, cashback, and bank offers.

      Refresh your look this season, as menswear brands like Arrow, Linen Club, Louis Philippe, Rare Rabbit, Spykar, and U.S. Polo Assn. are a minimum of 30% off, and womenswear brands like Cover Story, Biba, Forever New, Libas, Rareism, Vero Moda, and W are up to 30-70% off. Additionally, GAP is now live on the platform. Shoppers can avail up to 50% off on GAP menswear, womenswear, and kidswear. Enjoy up to 40-50% off on footwear brands like Adidas, Asics, Crocs, Metro, Mochi, Puma, Red Tape, and Skechers.

      Wristwear from brands like Casio, Fossil, Titan, and Timex have offers one can't resist. The platform also has exclusive products and offers on timepieces from French Connection. In the handbags category, Accessorize London, Aldo, Hidesign, and Guess will be up to 30-40% off. Jewellery brands like GIVA, Mia by Tanishq, and P.N. Gadgil have dazzling offers. Complete your ensemble with trendy eyewear from Carrera, Lenskart, Oakley, Ray-Ban, and Vincent Chase that are available at unbeatable prices. The home category is up to 30-80% off on brands like Corelle, D’décor, Durian, Homesake, Nautica Home, and Wonderchef.

      Sturdy and stylish luggage from brands like American Tourister, Skybags, Tommy Hilfiger, United Colors of Benetton, VIP, and Wildcraft are up to 30-70% off. If you are looking at upgrading your gadgets, this is the best time, as brands like Apple, BOAT, OnePlus, and Samsung have offers one can’t miss.

      With up to 60% off, Tata CLiQ Palette offers the best of beauty at attractive prices, along with benefits like additional coupons and bank offers to help one glam up for the season. Make-up brands like Lakme, Maybelline, Shopaarel, and Sugar Cosmetics are up to 50% off. Nourish your hair and skin this monsoon as haircare brands like L’Oreal Paris, Schwarzkopf Professional, and Wella Professionals are up to 25-45% off, and skincare staples from brands like Cosrx and The Body Shop are up to 30-40% off. Discover signature scents from brands like Ajmal and Skinn by Titan, which are up to 65% off.

      Elevate your beauty ritual with offers in the luxury section. Make-up essentials from brands like Anastasia Beverly Hills, Dyson, De Fabulous, and OUAI are up to 10-40% off, and one can avail a flat 10% off on Clinique and M.A.C, along with complimentary gifts. Consumers can now access Tata CLiQ Palette on the Tata CLiQ Fashion app.

      Tata CLiQ Luxury, India’s premier luxury lifestyle platform, invites its esteemed shoppers to avail up to 50% off on leading global and Indian premier and luxury brands.

      From wardrobe classics to seasonal must-haves, menswear brands like Calvin Klein Jeans, Lacoste, Gant, and True Religion are up to 20-60% off, with additional exclusive offers. Womenswear labels including Forever New, Guess, Karen Millen, MAC Duggal, and Sister Jane, along with lingerie brands like Calvin Klein Underwear and La Vie en Rose, are also up to 20-60% off. Put your best foot forward with up to 20-50% off on footwear brands like adidas Originals, Aldo, Geox, and New Balance. Boss Kids, Gant Kids, Karl Lagerfeld Kids, Lacoste, and Tommy Hilfiger in the kids category has unmissable offers. In the Indiluxe section, renowned labels like Da Milano, Masaba, Ritu Kumar, Rosso Brunello, S&N by Shantnu Nikhil, and others have attractive offers.

      Celebrate timeless style with up to 10-50% off on timepieces from Earnshaw, Maserati, Michael Kors, and Seiko. Chopard, Prada, Tom Ford, and Versace in the eyewear category have special offers. In the accessories section, Aldo, Aspinal of London, Charles & Keith, GUESS, and Mulberry are up to 40-50% off. Add a touch of sophistication to elevate any look with jewellery from Swarovski and Ted Baker, which have standout offers. Enjoy incredible savings on home brands like Ecovacs, Le Creuset, Smeg and Spread Spain.

      Avail up to 45% off on fragrances from Armani, Chopard, Jean Paul Gaultier, and Yves Saint Laurent, plus get gifts with purchases from brands like Jo Malone London and Tom Ford. Indulge in beauty favourites from brands like Bobbie Brown, Estée Lauder and Olaplex with a flat 10% off, along with complimentary gifts on purchase. In addition, Dyson is up to INR 14000 off, and haircare brands like Milkshake and Moroccanoil also have exciting offers with complimentary gifts.

      Tata CLiQ Fashion and Tata CLiQ Luxury are offering a 15% instant discount on ICICI Bank credit cards and RBL credit cards. The ICICI Bank credit card offer runs from July 24 to August 10, 2025, while the RBL credit card offer is available from July 24 to 31, 2025, subject to T&C.

      Shop here – https://www.tatacliq.com/ https://luxury.tatacliq.com/ To View the Image, Click on the Link Below: Moments that CLiQ Sale on Tata CLiQ Fashion, Tata CLiQ Luxury, and Tata CLiQ Palette (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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