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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
    Show AI Summary
    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
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    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
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    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
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
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    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
    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
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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
    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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      HIGHLIGHTS

      July 25, 2025

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      New Delhi, Jul 25 (PTI) Following are the top stories at 5 pm: NATION DEL69 JUSTICE VARMA-LD LOK SABHA

      Lok Sabha to take up motion to remove Justice Varma, motion not admitted in Rajya Sabha New Delhi: Lok Sabha will take up a bipartisan motion to remove Justice Yashwant Varma, who is embroiled in a suspected corruption case, as the opposition-sponsored notice for a similar motion in Rajya Sabha was not admitted.



      PAR9 RS-LD ADJOURN RS adjourned for the day amid Opposition uproar over Bihar voter rolls revision issue New Delhi: The Rajya Sabha proceeding was adjourned for the day shortly after it reassembled at noon on Friday as Opposition parties started raising slogans demanding the withdrawal of the Special Intensive Revision (SIR) of voter rolls in Bihar.

      PAR11 LS-LD ADJOURN

      Lok Sabha adjourned for the day due to persistent Opposition protests over SIR New Delhi: Lok Sabha proceedings were adjourned for the day on Friday as Opposition protests continued over the revision of electoral rolls in Bihar, capping the Monsoon session's first week which has been washed out.

      PAR7 RS-OATH

      Kamal Haasan, 3 others take oath as Rajya Sabha MPs New Delhi: Four newly elected Rajya Sabha MPs from Tamil Nadu, including actor-turned-politician Kamal Haasan on Friday took oath as member of the House.

      DEL60 JUSTICE VARMA-LOK SABHA

      Proceedings to remove Justice Varma to begin in Lok Sabha: Rijiju New Delhi: The motion to remove Justice Yashwant Varma, who is embroiled in a suspected graft case, will be taken up in Lok Sabha, Parliamentary Affairs Minister Kiren Rijiju announced on Friday, stating that it was agreed by all parties to move unitedly in action against alleged corruption in judiciary.

      DEL52 CONG-OBC-RAHUL

      My mistake we couldn't get caste census done earlier; correcting that now: Rahul Gandhi New Delhi: Congress leader Rahul Gandhi on Friday acknowledged that it was his "mistake" and not that of the party that they could not get a caste census conducted earlier, saying he is correcting that now.

      DEL51 LSQ-HEALTH-COVID-VACCINATION

      ICMR study found Covid vaccination didn't raise risk of unexplained sudden deaths among young adults: Nadda New Delhi: An ICMR study has found that Covid vaccination did not increase the risk of unexplained sudden deaths among young adults in India, Union Health Minister J P Nadda told Lok Sabha on Friday.

      DEL55 CONG-OBC-LD KHARGE

      Cong has prepared plan to bring OBCs to forefront, asked CMs to launch schemes: Kharge New Delhi: Congress chief Mallikarjun Kharge on Friday said the party has prepared a plan to bring people from the Other Backward Classes (OBCs) to the forefront and asked all Congress chief ministers to launch new welfare schemes for this section of society.

      DEL28 PAR-LS-DISRUPTIONS

      Lok Sabha to run smoothly from Monday as Birla meets party leaders New Delhi: Lok Sabha Speaker Om Birla on Friday convened a meeting of senior leaders of political parties, where it was decided that the House will function smoothly from Monday onwards, parliamentary sources said.

      DEL57 MIB-LD OTT

      ALTT, ULLU among 25 OTT apps banned for obscene, vulgar content New Delhi: The government has ordered the blocking of websites and apps of 25 OTT platforms, including Ullu, ALTT, and Desiflix, for having obscene, vulgar and in some cases, pornographic content.

      DEL29 MANIPUR-PREZ RULE

      Centre set to extend President's rule in Manipur for another 6 months, resolution to come up in RS New Delhi: The Centre is set to extend President's rule in Manipur for another six months from August 13 and a notice for bringing a statutory resolution on it has been given to the Rajya Sabha, which has been admitted by the chair.

      CAL17 BH-TEJASHWI-LD RABRI DEVI

      JD(U)-BJP 'conspiring' to get Tejashwi 'murdered': Rabri Devi Patna: Former Bihar Chief Minister Rabri Devi on Friday alleged that the ruling JD(U)-BJP combine had hatched a "conspiracy" to "murder" her son Tejashwi Yadav ahead of assembly polls.

      DEL37 RJ-5TH LD SCHOOL COLLAPSE

      Seven children killed, 28 injured in Rajasthan school collapse Jhalawar: A portion of a government school in Rajasthan's Jhalawar district collapsed on Friday just as the students were assembling for morning prayers, killing seven children and leaving 28 injured, some of them critically.

      DEL25 MODI-INDIRA-TENURE

      Modi overtakes Indira Gandhi to become PM with second longest unbroken stint New Delhi: Narendra Modi on Friday overtook Indira Gandhi to become the second longest serving prime minister of India in consecutive terms.

      DEL65 DEF-LD MISSILE

      DRDO test-fires drone-launched missile New Delhi: A drone-launched precision guided missile has been successfully test-fired by the Defence Research and Development Organisation (DRDO) at a test range in Andhra Pradesh.

      DEL59 MOE-IGNOU-VC

      Uma Kanjilal appointed first woman VC of IGNOU, 4 decades after university was set up New Delhi: Uma Kanjilal has been appointed the first woman Vice Chancellor of the Indira Gandhi National Open University (IGNOU), four decades after the university was established, according to education ministry officials.

      DEL50 JK-GAMING APPS-TERROR

      Chat facility in gaming apps now communication tool for terror groups: officials Srinagar: Online war games akin to PUBG requiring chats with partners anonymous or otherwise have emerged as a key communication channel for terror groups and Pakistan’s ISI to convey messages to their recruits in Jammu and Kashmir, officials here said. By Sumir Kaul

      BUSINESS DEL40 BIZ-LD INDOUK-FTA-RBI-GUV

      UK FTA will help India; need more such pacts with other countries: RBI Guv Sanjay Malhotra Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday welcomed the signing of the free trade agreement with the UK, saying it will help multiple sectors of the Indian economy.

      LEGAL LGD18 DL-COURT-RANA

      26/11 Mumbai attack: Court seeks Tihar jail response on Rana's plea for phone call with kin New Delhi: A Delhi court on Friday sought the reply of Tihar jail authority on the plea of 26/11 Mumbai attack accused Tahawwur Hussain Rana seeking a phone call to family members.

      LGD12 SC-FILM-UDAIPUR FILES

      Udaipur Files: SC asks Delhi HC to hear pleas against Centre decision for release of film New Delhi: The Supreme Court on Friday directed the Delhi High Court to hear on July 28 the pleas challenging the Centre's nod to release "Udaipur Files - Kanhaiya Lal Tailor Murder".

      LGD15 SC-HOMELESS PEOPLE

      Rehabilitation of homeless with psychosocial disabilities sensitive issue: SC New Delhi: The Supreme Court on Friday said the rehabilitation of homeless persons suffering from psychosocial disabilities was a sensitive issue and directed the Centre to take it up "very seriously".

      LGD14 DL-HC-SEXUAL ASSAULT

      Mere friendship with girl doesn’t give man right to have sex without consent: Delhi HC New Delhi: The Delhi High Court has said mere friendship with a girl doesn't give a man right to have sex with her without consent and dismissed a man's bail plea accused of sexually assaulting a minor.

      LGD13 CH-HC-SOLDIER

      Soldier deployed in military operation, shot at by fellow soldier can't be denied benefits: HC Chandigarh: The Punjab and Haryana High Court has said a soldier deployed in a military operation being shot at by a fellow soldier cannot be denied benefits applicable to the ones killed in action.

      FOREIGN FGN17 THAI-INDIA-ADVISORY

      Indian mission in Thailand issues travel advisory amidst ongoing unrest Bangkok: The Indian embassy in Thailand on Friday issued an advisory for its nationals in the country, urging them to avoid travelling to seven provinces amid ongoing unrest along the Thailand-Cambodia border.

      FGN15 PM-MALDIVES-ARRIVAL

      PM Modi arrives in Maldives for two-day visit Male: Prime Minister Narendra Modi arrived in the Maldives on Friday on a two-day visit, during which he will attend the archipelago nation's 60th Independence Day celebrations as the chief guest.

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