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August 7, 2026
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Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
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August 7, 2026
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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.
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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.
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August 7, 2026
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Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
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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".
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Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
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August 7, 2026
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Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
August 7, 2026
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Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
August 7, 2026
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Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
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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.
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Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
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August 6, 2026
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Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
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August 6, 2026
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August 6, 2026
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Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
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Customs & Trade

Unfortunate that US chose to adopt punitive measures against India: SJM on tariffs

August 1, 2025

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New Delhi, Aug 1 (PTI) The Swadeshi Jagran Manch (SJM) on Friday slammed the US for applying "coercive tactics" on India to gain access to Indian markets in sensitive sectors, and asked the government to stay firm on its stance to protect national interest.

While trade threats will ultimately harm US consumers by driving up domestic inflation, for India, any "short-term losses" will only strengthen the imperative of becoming self-reliant in critical sectors, the RSS affiliate added.

The SJM was reacting to US President Donald Trump announcing a 25 per cent tariff on India and an additional penalty for New Delhi's purchases from Russia.

"The SJM expresses deep concern over US President Donald Trump's recent statement threatening 'unspecified penalties' against India's trade ties with Russia, in addition to the already announced 25 percent tariff hike," the Manch's national co-convenor Ashwani Mahajan said in a statement.

He said India's sovereign right to procure defence equipment to strengthen self-reliance in defence production and to secure crude oil at the most competitive prices, essential to keeping domestic inflation under check, cannot be subjected to external pressure.

If Washington believes that such "coercive tactics" can sway India's decisions, it must recognise that today's India is not the India of a decade ago, he added.

"The SJM urges the government of India to maintain its firm stance and to use this moment to strengthen strategic autonomy, protect national interest, and advance a truly multi-polar and equitable global trade order, and make a decisive move towards 'Aatmanirbhar Bharat'," Mahajan said.

"We are emerging as a global power, demonstrated decisively during Operation Sindoor, and committed to building robust indigenous capabilities in arms production. The United States, too, needs to move beyond the inertia of a unipolar world view and embrace the reality of a multi-polar, cooperative order," he said.

"The SJM believes this is a moment to accelerate diversification of trade beyond traditional partners, deepening ties with Latin America, Africa, the expanded BRICS bloc, and the Global South. While the US remains India's largest trading partner, trade must always serve mutual benefit - not be used as an instrument of pressure," he added.

Mahajan said it is "unfortunate" that the US has chosen to adopt punitive measures against India, which is a strategic partner of the country, at a time when the world must collectively respond to the far greater challenge posed by China's weaponisation of trade and global value chains.

Beijing's restrictions on rare earth exports is causing huge harm to manufacturing capacities worldwide, he said.

Rather than resorting to building pressure, the US should strengthen cooperation with India to build resilient, diversified, and equitable global supply chains, he added.

"We congratulate the government of India for standing firm against pressure during the ongoing India-US Free Trade Agreement (FTA) negotiations despite threats of reciprocal tariffs and the missed deadlines of July 9 and July 31," the SJM national co-convenor said.

Indian negotiators have "rightly" resisted attempts to force open our markets to genetically modified (GM) agricultural products, dairy imports, and other sensitive sectors, he added.

"It is worth noting that the US continues to exert pressure on multiple countries to lower tariffs outside the framework of WTO rules, often invoking non-trade considerations under the guise of reciprocity," Mahajan said.

"The key sticking points in the current negotiations remain the US demand for market access for GM crops, deregulation of medical devices, and unrestricted cross-border data flows," he added.

India has legitimately sought exemptions from steel, automobile, and pharmaceutical tariffs and defended its policy of data localisation, he added "India's 'principled stand' that GM food imports threaten both our biodiversity and food security, and that sensitive data must remain within sovereign control is fully aligned with our long-term national interest," the senior SJM functionary said.

"We must avoid concessions that undermine our farmers, small-scale industries, or long-term economic self-reliance." he said.

The experience of recent years has shown that India can leverage shifting global trade patterns, including those "resulting from US-China tensions", to its advantage without compromising core interests, he added. PTI PK DV DV

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