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    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
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    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
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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”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
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    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.
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    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.
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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.
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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.
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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.
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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.
    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.
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
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    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.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.

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      Israel's plan to take over Gaza City stirs fears for civilians and hostages

      August 9, 2025

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      Jerusalem, Aug 9 (AP) Israel's decision to intensify its 22-month war with Hamas by taking over Gaza City has stirred fears for Palestinian civilians and Israeli hostages still held in Gaza, and renewed international pressure for an end to the conflict.

      Israel's air and ground war has killed tens of thousands of people in Gaza, displaced most of the population, destroyed vast areas and pushed the territory toward famine. The timing of another major ground operation is unclear. It will likely require mobilising thousands of troops and forcibly evacuating civilians, almost certainly worsening Gaza's humanitarian crisis.

      An official familiar with the plans to take over Gaza City said the operation would be “gradual” and that there is no start date. The official spoke on condition of anonymity to discuss sensitive matters.

      The UN Security Council announced an emergency meeting on Israel's plans was rescheduled to 10 am EDT on Sunday after originally being scheduled to take place at 3 pm EDT on Saturday.

      The UN Mission of Panama, which holds the council presidency this month, provided no details, but Saturday is the Jewish Sabbath and Israel is certain to want to speak at the meeting.

      Mediators from Egypt and Qatar are preparing a new framework that will include the release of all hostages — dead and alive — in one go, in return for an end of the war in Gaza and the withdrawal of Israeli forces from the strip, two Arab officials told The Associated Press.

      Before Israel's Security Cabinet approved the plan to take over Gaza City, Prime Minister Benjamin Netanyahu had outlined more sweeping plans on Thursday in an interview with Fox News, saying Israel planned to take control of all of Gaza. Israel already controls around three-quarters of the territory.

      Hamas rejected Israel's plans. “Expanding of aggression against our Palestinian people will not be a walk in the park,” the group said in a statement.

      Netanyahu had signalled plans for even broader war International powers, including Israeli allies France, Britain and Canada, have stepped up criticism of the war amid mounting shock over media reports showing starvation.

      Germany said on Friday it would not authorise the export of military equipment that could be used in Gaza until further notice.

      Tensions could rise further if Netanyahu follows through on the more sweeping plans to take control of the entire territory, two decades after Israel's unilateral withdrawal.

      Israel's new plan may be aimed in part at pressuring Hamas to accept a ceasefire on Israel's terms.

      It may also reflect the reservations of Israel's military chief of staff, Lt Gen Eyal Zamir, who reportedly warned that expanding operations would endanger the remaining 20 or so living hostages held by Hamas and further strain Israel's army after nearly two years of regional wars.

      The military “will prepare to take control of Gaza City while providing humanitarian aid to the civilian population outside the combat zones,” Netanyahu's office said in a statement after the Security Cabinet meeting.

      Amir Avivi, a retired brigadier general and chairman of Israel's Defense and Security Forum, estimated it would take less than three months to mobilise some 30,000 troops, evacuate Palestinian civilians and take over Gaza City.

      Hamas-led militants triggered the war when they stormed into Israel on October 7, 2023, killing around 1,200 people and abducting 251 people. Most of the hostages have been released in ceasefires or other deals but 50 remain inside Gaza. Israel believes around 20 of them to be alive.

      Israel's retaliatory campaign has killed over 61,000 Palestinians, according to Gaza's Health Ministry, which does not say how many were fighters or civilians. The ministry is part of the Hamas-run government and staffed by medical professionals.

      The United Nations and independent experts view the ministry's figures as the most reliable estimate of casualties. Israel has disputed them without offering a toll of its own.

      Mediators try again to end the war The efforts for a new ceasefire have the backing of major Arab Gulf monarchies, according to two officials who spoke anonymously due to the sensitivity of the discussions. One is involved directly in the deliberations and the second was briefed on the efforts. The monarchies are concerned about further regional destabilisation if Israel fully reoccupies Gaza, the officials said.

      The yet-to-be finalised framework aims to address the contentious issue of what to do with Hamas' weapons, with Israel seeking full disarmament and Hamas refusing. The official directly involved in the efforts said discussions are underway about “freezing arms,” which may involve Hamas retaining but not using its weapons. It also calls for the group to relinquish power in the strip.

      A Palestinian-Arab committee would run Gaza and oversee the reconstruction efforts until the establishment of a Palestinian administration with a new police force, trained by two US allies in the Middle East, to take over the strip, the official said. It is unclear what role the Western-backed Palestinian Authority would play.

      The second official said the US administration has been briefed on the broad lines of the framework.

      A senior Hamas official, speaking on condition of anonymity because he was not authorised to brief the media, said the group has yet to receive details on the latest efforts to revive ceasefire talks.

      AP reached out to the governments in Qatar, Egypt and Israel as well as the White House for comment.

      Wishes for an end to the war US envoy Steve Witkoff told hostage families during his recent visit that Israel was shifting its approach to pursue a comprehensive “all-or-nothing” deal aimed at ending the war and securing the release of hostages, a person who attended the meeting told the AP, speaking on the condition of anonymity as they were not authorized to speak about the private meeting.

      Israelis united behind the war in the aftermath of the October 7 attack, but dissent has steadily grown as hostages have languished in captivity. Some families of the hostages and their supporters have staged large protests calling for a ceasefire with Hamas that would bring their loved ones home.

      “All of Israel wants a comprehensive deal and an end to the war,” Einav Zangauker, mother of hostage Matan Zangauker, said in a statement on Friday. “For the State of Israel to guarantee the security of its citizens, we must end this injustice that has been done to our loved ones for 22 months.” There is nothing here to occupy Israel has repeatedly bombarded Gaza City and carried out numerous raids there, only to return to neighborhoods again and again as militants regrouped. Today, it is one of the few areas in Gaza that has not been turned into an Israeli buffer zone or placed under evacuation orders.

      Umm Youssef from Gaza City said she had left the city for over 16 months before returning to her home.

      "The area is all rubble. Rubble is an overstatement, it is a sandpile. There is nothing here to occupy. There is no life here," she said.

      A major ground operation there could displace tens of thousands of people and further disrupt efforts to deliver food to the hunger-stricken territory.

      At least six Palestinians were shot dead and more than 140 were wounded on Friday at the Israeli-run Zikim Crossing in northern Gaza, where UN aid convoys enter, according to Dr Mohamed Abu Selmiya, the director of Shifa Hospital, which received the dead and wounded. He said all six were killed by Israeli gunfire. There was no immediate comment from the Israeli military.

      It is unclear how many people are still in Gaza City. Hundreds of thousands fled under evacuation orders in the opening weeks of the conflict, but many returned during a ceasefire earlier this year. (AP) RUK RUK

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