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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
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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
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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
    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
    Show AI Summary
    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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      Aryann Khokha’s eNalanda & Dronashala: Empowering Underprivileged Children with Confidence, Skills, and Curiosity

      August 8, 2025

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      At just 17, Aryann Khokha is transforming education through eNalanda’s nationwide STEM revolution and Dronashala’s grassroots life-skills sessions in Gurugram, inspiring a generation of young learners to dream bigger and believe in themselves. In the rapidly growing city of Gurugram, where skyscrapers rise and multinational companies set up gleaming offices, there exists a quieter story—one unfolding in narrow lanes and makeshift homes, where dreams often remain unspoken. It is here that Aryann Khokha, a 17-year-old student, has chosen to invest his time, energy, and heart.

      Most teenagers are caught up in social media trends and weekend hangouts. Aryann, however, has been building something far more enduring — a bridge between opportunity and those who rarely get it.

      Through Dronashala, an initiative he personally runs, Aryann is equipping underprivileged children with confidence, self-respect, and the skills they need to face the world. The idea was simple, yet powerful. While working on eNalanda — Aryann’s gamified education-focused social venture that uses activity-based STEM toolkits to make science learning fun in rural India — he began noticing another gap in urban underprivileged communities: the lack of basic life skills and self-confidence among children.

      “These kids are smart,” Aryann says. “But they’ve never been told they matter, or that they have something valuable to offer. Education is important, but so is the belief that you can stand tall and be heard.” With that belief, Dronashala was born — not as a formal organization or tech platform, but as a physical, community-based learning circle. Dronashala is the first-of-its-kind specialized Taekwondo academy aimed at supporting and transforming children who are victims of physical abuse. Through resilience, growth, and an unshakeable mindset, it strives to transform survivors into everyday warriors using Taekwondo and meditation.

      Every week, Aryann meets a group of children from nearby slum areas. They gather in open grounds or borrowed spaces, often with nothing more than a few mats and boundless energy. Unlike typical learning centers, Dronashala sessions focus on holistic development.

      Sessions might begin with storytelling, where children narrate incidents from their week, slowly learning to articulate their thoughts and speak confidently. This is followed by specialized self-defense training. Beyond physical combat, students are taught the deeper philosophies of martial arts — resilience, mental clarity, and self-respect. They also explore the history, everyday application, and spiritual side of Taekwondo, including meditation practices.

      Dronashala fosters a community where survivors support one another, forging bonds that go beyond training.

      Aryann also integrates basic STEM experiments — from paper rockets to simple electric circuits — encouraging curiosity without the fear of “getting it wrong.” The aim is to break the mental barrier that education is only about memorizing facts.

      “Many of these kids had never spoken in front of a group before,” Aryann shares. “Now they volunteer to lead activities, guide younger children, and even teach me new games they’ve learned.” The changes are subtle but transformative. Children who once sat at the back, eyes lowered, now greet visitors with a confident “Namaste.” Shy voices have grown louder; hesitant smiles have turned into laughter that rings across the playground.

      One 10-year-old girl, initially reluctant to participate, now reads aloud to the group and dreams of becoming a teacher. Another boy, who struggled with school attendance, has started helping his younger siblings with homework after picking up better study habits.

      These shifts may seem small in the grand scheme of things, but for Aryann, they are monumental.

      “It’s not just about literacy,” he says. “It’s about dignity.” Dronashala envisions a future where survivors of abuse are not just ‘survivors’ — but warriors. The aim is to help children use the skills learned to foster everyday discipline, resilience, and self-growth.

      While Dronashala is community-specific, Aryann’s larger initiative, eNalanda, operates across rural India with a mission to revolutionize STEM education. With a reach of over 10 lakh students and 30,000+ directly benefited from gamified learning toolkits across 100+ rural schools in Haryana, eNalanda makes learning exciting and accessible through gamification.

      In many ways, Dronashala is a microcosm of eNalanda’s philosophy — learning that is hands-on, inclusive, and designed to inspire. Both initiatives share the belief that curiosity is a child’s greatest asset, and that education should empower, not intimidate.

      Running a grassroots initiative is never without obstacles. Aryann juggles his school commitments with planning sessions and workshops to ensure consistent attendance from children whose home situations can be unpredictable.

      “Sometimes, parents are hesitant,” he admits. “They wonder why their child should spend time here instead of earning a little extra money. It takes patience to build trust, but once they see their child’s confidence grow, they become our biggest supporters.” Resources are another constraint. Aryann relies on personal savings, contributions from friends and family, and resourcefulness.

      Looking ahead, Aryann dreams of expanding Dronashala to multiple locations across Gurugram and beyond. His vision includes creating a structured volunteer network, so that even when he is away for studies, sessions can continue without interruption. He also hopes to integrate digital literacy into the curriculum, teaching children to use computers and navigate online resources safely.

      “Confidence in the real world now also means confidence online,” he notes.

      In an age when many are quick to talk about change but slow to act, Aryann Khokha stands out for rolling up his sleeves and getting to work. He is not waiting for the “perfect time” or a fully-funded NGO — he is creating impact with what he has, right now.

      His story is not about a large organization with offices and staff; it’s about a teenager in Gurugram, a group of eager children, and the belief that every lesson in confidence can shape a future.

      As the sun sets over the city, skyscrapers glowing in the distance, you might find Aryann still in the field, surrounded by laughter, hands raised in excitement, voices echoing with newfound assurance.

      That’s Dronashala — not a place, but a movement — where the seeds of self-belief are planted, and where tomorrow’s changemakers are quietly taking root.

      From eNalanda’s nationwide STEM push to Dronashala’s self-defense and life skills sessions, Aryann Khokha’s work is a reminder that education is not confined to classrooms or textbooks. It thrives in open spaces, in shared stories, in the courage to speak, and in the joy of learning together.

      And perhaps the most inspiring part? This journey has only just begun.

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

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