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    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
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    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
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    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”
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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
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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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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.

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Customs & Trade

Ganesh Housing’s Million Minds Tech City Becomes Gujarat’s First Platinum-Rated SEZ IT Park under IGBC New Building Rating

August 8, 2025

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Ahmedabad, 08th August 2025: Ganesh Housing Corporation Limited proudly announces that its flagship development in Ahmedabad, Million Minds Tech City, has become the first SEZ IT Park in Gujarat to earn the prestigious IGBC Platinum rating under the IGBC Green New Buildings Rating program. This milestone reinforces Ganesh Housing’s commitment to delivering world-class, environmentally responsible commercial office developments that set new standards for the real estate industry. With this milestone, Million Minds Tech City strengthens its position as a leading destination for businesses seeking premium, environmentally responsible office spaces in India. This certification makes it Gujarat’s first SEZ IT park to meet IGBC’s stringent criteria for site planning, water and energy conservation, occupant health, materials efficiency, and innovation. The IGBC Platinum rating, the highest recognition under the Indian Green Building Council’s New Building rating system, highlights the project’s excellence in energy efficiency, water conservation, indoor environmental quality, and use of sustainable materials — positioning the development as a benchmark for green urban development in Gujarat. Commenting on the achievement, Mr. Anmol Patel, Director, Ganesh Housing Corporation Limited, said, "This Platinum rating from IGBC is more than just a certificate—it’s a validation of our long-term vision to place Gujarat at the heart of India’s tech-led growth story. When we conceptualized Million Minds Tech City, our goal was not only to create a high-performance workplace ecosystem but also to lead with accountability—toward the environment, future generations, and the evolving aspirations of global businesses. As the first SEZ IT Park in the state to achieve this rating, we are proud to set a new benchmark in sustainable infrastructure, proving that large-scale development can be both commercially ambitious and environmentally conscious. “This milestone reflects what’s possible when design, technology, and intent come together with clarity and purpose,Million Minds Tech City is more than just an IT Park — it represents our vision for a future-ready, sustainable Gujarat. Located on S.G Highway at Vaishnodevi Circle in Ahmedabad’s Central Business District, Million Mind Tech City is a 65-acre integrated township, designed by globally acclaimed RSP Architects and managed by Tishman Speyer. Featuring 18 million square feet of mixed use development — with 50% allocated to Grade A commercial spaces and 50% to luxury residences & Retail— Million Minds offers a dynamic walk-to-work ecosystem, complete with IT parks, premium residences, a luxury hotel, retail spaces, and more than 1.65 Lakhs square feet of world-class amenities, including floating gardens. About Ganesh Housing Corporation Limited Ganesh Housing Corporation Limited, headquartered in Ahmedabad, Gujarat, stands as a pioneering force in India's real estate sector with over six decades of excellence. The company made history as one of the first real estate developers to be listed on both the NSE and BSE, demonstrating its commitment to transparency and financial governance. The company has demonstrated remarkable growth, having completed over 22 million square feet of development while maintaining an impressive 35 million square feet of ongoing projects. Their diverse portfolio encompasses Grade A+ commercial spaces, luxury residential properties, villas, industrial hubs, and data centers. Their commitment to quality is validated by their ISO 9001:2015 certification. Ganesh Housing’s diverse portfolio includes landmark developments such as Sundarvan Epitome, GCP Business Centre, Magnet Corporate Park, Shangri-La, Shangrlla-II, Mahalaya, Mahalaya II, Satva, Satva II, Maple Series — Maple County, Maple County II, Maple Tree Garden Homes, Maple Trade Centre — and the Malabar Series — Malabar County, Malabar County II, Malabar County III, Malabar Exotica. Adding to this distinguished lineup is the recently launched Malabar Retreat — ultra-spacious 4 & 5 BHK residences overlooking SG Highway, offering sweeping views of the city and crafted as one of the most luxurious green building projects in the region reflecting the company’s commitment to quality, comfort, and value. Beyond real estate, Ganesh Housing is committed to social responsibility through initiatives in education, healthcare, Skill Development and environmental sustainability, ensuring a positive community impact alongside business growth. About Million Minds Tech City Poised to redefine Ahmedabad’s commercial skyline, Million Minds Tech City is the flagship development by Ganesh Housing Corporation Limited — and its most ambitious and future-forward undertaking to date. Million Minds Tech City is one of India’s most exclusive tech-centric developments — a landmark destination that brings together Grade A infrastructure, global design sensibilities, and a future-ready business environment in a single, integrated ecosystem. Envisioned as a self-sustained tech city, the project blends cutting-edge commercial spaces with luxury living, hospitality, retail, and recreation — enabling a true walk-to-work lifestyle. With its SEZ-enabled infrastructure tailored for both domestic and international enterprises, Million Minds is designed to serve the next generation of IT, ITeS, and global businesses seeking scale, connectivity, and efficiency. From premium residences and a luxury hotel to a destination mall and an exclusive club within the tech park, every element is curated to elevate experience and productivity. With over 1.65 lakh sq. ft. of amenities and a strong focus on sustainability, the development sets a new benchmark for what a modern urban business district can be — right in the heart of Ahmedabad. This is not just a project — it’s a landmark. One that places Ahmedabad at the centre of India’s evolving IT and innovation landscape, offering world-class infrastructure for both domestic and international enterprises. For more information about Million Minds Tech City, please visit: https://millionmindstechcity.com (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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