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    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
    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)
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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
    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
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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
    Show AI Summary
    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
    Show AI Summary
    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
    Show AI Summary
    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.

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      Neemrana Hotels Partners with the Uttar Pradesh and Madhya Pradesh State Governments for Two Heritage Restoration Projects under PPP Model

      July 25, 2025

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      Neemrana Hotels is reshaping more of India’s heritage at Jhansi’s Baruasagar Fort and Chanderi’s Raja-Rani Mahal. Look out for 2027 New Delhi, Delhi, India (NewsVoir) For nearly four decades, Neemrana Hotels has pioneered the art of reviving India’s forgotten architectural treasures, turning historical ruins into revenue-generating heritage ‘non-hotels’. These have breathed new life into 5000 years of India’s past frozen in forgotten ruins. This unique model — conservation through hospitality — has created a new ecosystem of jobs, tourism, and pride in regional identity across the current 18 Neemrana destinations spanning 7 states — now growing to 20 with these two new heritage destinations under the pioneering leadership of Aman Nath, Director and Sonavi Kaicker, CEO, Neemrana Hotels Pvt. Ltd who has played a key role in taking Aman Nath’s visionary work forward since 2010. Now, in a significant move that marks the power of PPP public-private partnerships to conserve India’s architectural wealth, Neemrana Hotels has joined hands with the Governments of Uttar Pradesh and Madhya Pradesh to restore and revitalize two ruins and create new destinations (under the PPP model). These collaborations are more than hotel projects — they are a shared national vision to preserve and present India’s cultural and architectural inheritance to both the domestic and global travellers. Neemrana Hotels will bring its signature “non-hotel” experience to: • Baruasagar Fort, in Jhansi, Uttar Pradesh, and • Raja Rani Mahal, in Chanderi, Madhya Pradesh The restoration work at both properties is now underway, with an official opening expected by 2027 for Baruasagar Fort and 2028 for Raja Rani Mahal. Relive the history of Baruasagar Fort, Jhansi Sitting right above the Baruasagar Lake, with commanding views of the surrounding Bundelkhand plains, the sprawling Baruasagar Fort spread across 7 acres is one of Jhansi’s most enduring and significant historic structures. Believed to have been constructed in the 18th century by the Bundela kings, the fort carries layers of historical association, particularly with the era of Rani Lakshmibai. According to several regional accounts and historical references, the fort was a strategic stronghold in the region, offering tactical advantages due to its elevation and proximity to Jhansi — the very land that played a defining role in India’s First War of Independence in 1857. The architecture of Baruasagar Fort is marked by massive stone ramparts, bastions, and the rugged defensive style characteristic of Bundela architecture. While nature has weathered its stones over time, the structure remains largely intact, providing a strong base for Neemrana’s sensitive (historically accurate restoration) revitalisation. When completed in 2027, this fort will be re-born as a one-of-a-kind experiential waterside property, allowing guests to stay in rooms that once hosted royals and warriors, overlooking the same landscapes that inspired legends. The first phase of restoration will include 25 guest rooms, a restaurant, a swimming pool, spa and various spaces for cultural activities, giving both Indian and international visitors an immersive journey into Bundelkhand’s lesser-known but powerful historical narrative. The destination will also be launched for intimate destination weddings. Raja Rani Mahal, Chanderi: Where heritage tourism meets the infamous Chanderi Silk Further south in Madhya Pradesh, in the timeless warp-and-weft town of Chanderi, Neemrana’s latest project sits like a forgotten jewel waiting to shine again. The Raja Rani Mahal, located in the Inner Town (Andar Sheher) of Chanderi near the historic Musa Bawdi, is a historical palace complex that reflects the legacy of medieval India’s architectural splendour. Built possibly during the 15th century and dating back further to the Khilji dynasty, the intimate palace consists of two architecturally distinct structures for Maharajas and Maharanis — the seven-storey Raja Mahal and the four-storey Rani Mahal — connected by a bridge and a secret passage— a unique design rarely found elsewhere in India. Chanderi is no stranger to heritage. Known widely for its handwoven silk and cotton textiles, Chanderi sarees, and fine architectural remains, the town has long been on the cultural tourism map. However, Neemrana’s restoration of Raja Rani Mahal promises to elevate Chanderi’s status even further — from a weaving town to a global heritage destination. This architectural marvel showcases intricate carvings, large courtyards, open pavilions, and gracefully designed stairways, all crafted in grey and white sandstone. The Raja Mahal is known for its elaborate detailing, while the Rani Mahal features a more delicate and intimate style, differing from its counterpart. The historical property will be restored into a boutique heritage experience with phase one comprising 10–12 guest rooms, each designed in harmony with the palace’s original materials and regional style. The property has also served as the backdrop for numerous Bollywood productions including Stree 2 and Sui Dhaga, giving it a visual familiarity and cinematic aura that guests will now be able to recognize and physically step into. The best time to visit is between October and March, when the weather is pleasant for exploration. Chanderi is well connected via NH 52 to Bhopal, Indore, and Gwalior — perfect for road trips by car or bus — and is also easily accessible through the rail network. Guests can expect to immerse themselves in an experience that blends Chanderi’s heritage with basic modern comforts — from a restaurant serving authentic regional cuisines like Bhutte Ka Kees, to an Ayurvedic wellness spa, experiences that help you stay active even on vacation, and vintage rooms adorned with local textiles that shall tell the story of the region. The project will also include collaborations with local artisans and weavers, helping bring sustainable livelihood to Chanderi’s communities and preserving its intangible heritage alongside the tangible. A New Route Through History Neemrana already operates Deo Bagh, a garden hotel of Gwalior housing Maratha temples and pavilions. With Raja Rani Mahal in Chanderi, Madhya Pradesh will now offer a dual-destination in Neemrana itinerary, ideal for travellers who wish to experience two different stories of India’s bygone era in one trip — one rooted in the Marathas era, the other in medieval Sultanate period. As with all the Neemrana restorations so far, both Baruasagar and Chanderi will offer authentic travel experiences that go beyond history and architecture. With multiple authentic experiences rooted in Indian heritage, along with indoor and outdoor dining spaces to savour local cuisines, these destinations are ideal for travellers of all age groups. State Governments and Neemrana Hotels: A Shared Vision for Heritage India This twin partnership of Neemrana Hotels with the Uttar Pradesh and Madhya Pradesh State Governments signals the proactive efforts of the governments that have been working to ensure that India’s architectural ruins of cultural and national significance are not just to be left abandoned, but preserved and restored in responsible heritage experiences of that region which will simultaneously generate local employment. With Neemrana leading the heritage restoration movement from the forefront, these sites become economic engines, cultural classrooms, and soulful sanctuaries — all at once. “In Neemrana’s hands, ruins are never ruined by adding luxury, they are restored with minimum modern intervention and maximum authenticity,” said a senior official associated with the project. By involving local artisans, reviving traditional skills, and promoting slow, meaningful travel, this model has proven both sustainable and scalable. About Neemrana Hotels Established in 1991, Neemrana Hotels has been a pioneer of the ‘non-hotel’ Hotel concept in India. Now with 20 Neemrana destinations across 8 states — by the sea, beside a serene lake, atop two-billion-year-old hills, along the Ganges, and deep in the Garhwal Himalayas — Neemrana is celebrated for blending restoration with hospitality, making India’s heritage not just accessible, but experiential and sustainable. With these new additions, Neemrana continues its noble mission: to preserve India, with Indians. Website: www.neemranahotels.com. Reservations: [email protected] (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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