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    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
    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...
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    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
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    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
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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
    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.
    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.

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      Five Governors Grace Convocation 2025 in a Singular Honour for O.P. Jindal Global University

      August 1, 2025

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      Sonipat, 1 August 2025: In an unprecedented honour for O.P. Jindal Global University (JGU), five Governors of the States of India participated in the 14th Annual Convocation 2025 held during 29-30 July 2025. The presence of these outstanding personalities, each of them a constitutional authority and representative of a different state or Union Territory, elevated the occasion as JGU celebrated the spirit of federalism which is embedded in the Constitution of India and which sustains our democracy.

      The 14th Convocation Ceremony of JGU witnessed the graduation of over 4,400 students across all 12 Schools and Institutes of our university. This took place in the presence of several distinguished leaders who graced the ceremony.

      They were: Hon’ble Governors: • Shri Vinai Kumar Saxena, Hon’ble Lieutenant Governor of Delhi • Dr. Hari Babu Kambhampati, Hon’ble Governor of Odisha • Shri Arif Mohammed Khan, Hon’ble Governor of Bihar • Shri Justice (Retd.) S. Abdul Nazeer, Hon’ble Governor of Andhra Pradesh • Shri Shiv Pratap Shukla, Hon’ble Governor of Himachal Pradesh Leaders & Luminaries: • Hon’ble Ms. Justice Gita Mittal, Chairperson, Broadcasting Content Complaints Council (BCCC) & Former Chief Justice, High Court of Jammu & Kashmir • Mrs. Ravneet Kaur, Chairperson, Competition Commission of India • Mr. R. Venkataramani, Attorney General for India • Dr. Wilima Wadhwa, Director, ASER Centre, Pratham Education Foundation • H.E. Ms. Ina Krisnamurthi, Ambassador Extraordinary and Plenipotentiary of Indonesia to the Republic of India • H.E. Mr. Rasmus Abildgaard Kristensen, Ambassador of Denmark to the Republic of India & Non-Resident Ambassador (Designate) to Nepal, Sri Lanka, Bhutan, and the Maldives The Chancellor of O.P. Jindal Global University, Mr. Naveen Jindal, whose philanthropy led to the establishment of JGU in 2009 said, “To have five Governors preside over our Convocation is a moment of national recognition for JGU’s journey, values, and aspirations. I extend my sincere gratitude to the Chief Guests and the Guests of Honour for being a part of this important occasion. Your presence and participation at our Convocation is a testimony to your commitment to the cause of higher education.” Chancellor Mr. Jindal reminded the graduating students that they were in an era with unprecedented access to technology, AI and global changes with the world being reshaped and evolving constantly. “Your journey and your ambitions should be extraordinary,” In his address, he added, “Degrees and qualifications open doors, but it is your integrity, compassion and cooperation that will determine how far you go in life. Education is not just a tool for personal growth, it is the foundation on which a nation’s prosperity can be built. We live in a world of increased visibility but the quietest acts of leadership have the most impact.” Professor (Dr.) C. Raj Kumar, the Founding Vice Chancellor of JGU said in his address at the Convocation, “At JGU, we are conscious that our institution-building activities contribute to addressing broader national challenges. In this endeavour, the principles of academic freedom and pursuit of institutional excellence have underpinned our efforts. Our institutional strategy and policies have evolved to enable JGU students and scholars to undertake research that is interdisciplinary, wide-ranging in scope, impactful, and covering issues of national and global concern. JGU has grown into an institution with over 16,000 students across 12 Schools, that brings faculty from 51 countries of the world, students from over 75 countries, and has collaborated with over 550+ leading institutions from 80+ countries to bring international experiences to the Indian higher education system. JGU's pedagogical approach as well as research and capacity building institutes lay focus on promoting interdisciplinarity through cross-listed elective courses, interdisciplinary educational background and experience, and curricula that encourage collaborative thinking and learning.” The Governors who attended the two-day long Convocation ceremonies were clear and unambiguous in their vision of higher education, its impact and the responsibilities of young and upcoming leaders graduating from JGU. Shri Vinai Kumar Saxena, Hon’ble Lieutenant Governor of Delhi stressed how the Delhi-NCR region has emerged as the intellectual capital of India with world renowned universities and higher educational institutes, including JGU, in the area.

      Dr. Hari Babu Kambhampati, Hon’ble Governor of Odisha said, “India today stands at a defining moment. We are making rapid strides in science, technology, infrastructure, health, and education. Yet, our strength lies not only in material progress but also in our moral foundation of truth, compassion and tolerance. O.P. Jindal Global University has lived up to these values. It has nurtured professionals who are equipped not just with knowledge and ambition, but also with wisdom and empathy.” Shri Arif Mohammed Khan, Hon’ble Governor of Bihar emphasised the deep-rooted values of Indian culture, particularly respect for parents and teachers, the ideal of public service, and the inherent divinity of every human being. He said, “Public service is an act of worship. It promotes inner growth and that is sufficient recompense of the selfless worker. We need to understand why Indian tradition values public service and why our culture has stressed on it.” Shri Justice (Retd.) S. Abdul Nazeer, Hon’ble Governor of Andhra Pradesh said, “Education is not merely a pathway to employment; it is a foundation for nation-building. The Convocation is not the end of your academic journey, but the beginning of a new chapter one in which you are called to demonstrate your abilities and contribute meaningfully to society. The education imparted here is deeply grounded in Indian values, driven by a pursuit of academic excellence and a steadfast commitment to innovation.” Shri Shiv Pratap Shukla, Hon’ble Governor of Himachal Pradesh said that the Convocation marks the end of formal education but the beginning of a student’s professional journey. “Today, I also congratulate the families of the graduating students for their effort and hard work. This is a celebration of the power of education which has the capacity to transform lives,” he said.

      The Guests of Honour which included diplomats, senior legal personalities and public servants were all praise for the achievements of O.P. Jindal Global University and the rankings it has achieved in the short duration since it was set up.

      Hon’ble Ms. Justice Gita Mittal, Chairperson, Broadcasting Content Complaints Council (BCCC) & Former Chief Justice, High Court of Jammu & Kashmir said that global collaborations of JGU are truly impressive. “To broaden the understanding of its students, JGU has significantly advanced its pedagogy. It allows students to engage with leading academics and gain valuable insights. JGU has become a forerunner in a system of education which is rooted locally and globally engaged.” Mr. R. Venkataramani, Attorney General for India said, “A university, even in its modern form, is a gurukul which sows the seeds of values and noble thoughts that guide us in countless ways.” Mrs. Ravneet Kaur, Chairperson, Competition Commission of India added, “As scholars, entrepreneurs, lawyers, policy thinkers, journalists, and public leaders, each one of you carries the values of this university. Our country aspires to become Viksit Bharat by the year 2047 where each of you will play a vital role in shaping the transformation of the Indian economy.” Dr. Wilima Wadhwa, Director, ASER Centre, Pratham Education Foundation, addressing the new graduates, said, “Three qualities will serve you well. Take responsibility for the world you inherit. Be adaptable, to innovate and grow. And give back, not just because you should, but because you can." H.E. Ms. Ina Krisnamurthi, Ambassador Extraordinary and Plenipotentiary of Indonesia to India said, “O.P. Jindal Global University has become a beacon. The achievements in global rankings, interdisciplinary education, and societal impact speak volumes of its vision. To the Class of 2025, who have persevered through academic rigor and even a global pandemic, I say: you now carry not only degrees, but the confidence and responsibility to shape the world.” H.E. Mr. Rasmus Abildgaard Kristensen, Ambassador of Denmark to the Republic of India & Non-Resident Ambassador (Designate) to Nepal, Sri Lanka, Bhutan, and the Maldives said, “I want to highlight the strong ties between Denmark and India built on shared values of democracy, sustainability, and innovation. We’ve worked closely on green technology and clean energy to address global challenges. together. Many talented Indians now study and work in Denmark, enriching our society as we hope JGU’s new agreement with the University of Copenhagen will create more opportunities for exchange.” Professor Dabiru Sridhar Patnaik, Registrar of the O.P. Jindal Global University proposed a vote of thanks. Professor (Dr.) Upasana Mahanta, Dean, Admissions and Outreach and Professor Karan Latayan, Controller of Examinations introduced the Chief Guest and the Guest of Honour to those present at the Convocation.

      (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR

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