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    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    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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Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
August 7, 2026
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Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
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
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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.

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From Vision to Victory: Celebrating India's Most Impactful Achievers Unveiled by Kiteskraft Productions LLP

August 19, 2025

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CHANDIGARH, India, Aug. 18, 2025 /PRNewswire/ -- India's growth story is being shaped by visionary leaders whose strategic foresight and transformative leadership are redefining the nation's future. From Vision to Victory: Celebrating India's Most Impactful Achievers, an initiative by Kiteskraft Productions LLP, pays tribute to these trailblazers, innovators, and changemakers who are revolutionizing industries and driving profound societal change. Through bold ideas, unwavering commitment, and impactful contributions, they are not only empowering communities but also laying the groundwork for a more inclusive, dynamic, and progressive India. Dr. Akhilesh Patel: Dr. Akhilesh Patel, MBBS, MS (Surgery), FIAGES, EFIAGES, is a renowned surgeon and Director of National Hospital, Rewa (M.P.). A pioneer in cancer, laparoscopic, and GI surgeries, he has transformed healthcare access in the Vindhya region by introducing advanced procedures like laparoscopic hemicolectomy for colon cancer and complex oncological surgeries. Under his leadership, National Hospital evolved into an 80-bed multispecialty center with modern ICUs, modular OTs, and a dedicated cancer care unit. Honored with accolades like the Asian Excellence Award and Icons of India, Dr. Patel champions affordable cancer care and rural outreach. Through initiatives like Vindhya Cancer Care, awareness camps, and free treatment drives, he continues his mission to deliver 'metro-level healthcare to smaller cities.' Ms. Indu Verma: Indu Verma is a seasoned finance professional with over 20 years of distinguished experience in the hospitality industry. Currently serving as the Area Director of Finance at Grand Hyatt Gurgaon, she played an instrumental role in the hotel's pre-opening phase in 2022, setting up efficient financial systems and robust risk controls. Her career spans leadership roles across top hospitality brands such as Hyatt, Marriott, Hilton, The Leela, Oberoi, and IHG. Indu is known for her strategic thinking, financial acumen, and people-first leadership style, driving profitability, operational efficiency, and long-term growth. Her core strengths include budgeting, forecasting, compliance, taxation, auditing, and process improvement. Recognized as one of the Global 200 Power Leaders in Finance (2023), Indu exemplifies integrity, excellence, and accountability in every aspect of her leadership. Dr. Ramya Devarajan: Dr. Ramya Devarajan has been honored as the 'Indian Iconic Woman of the Year 2025' for her exceptional impact across education, performing arts, science, and social service. A passionate educator and Primary HOD at Hithashaala Public School, Bangalore, she empowers learners through inclusive and joyful classrooms. A cancer survivor turned motivational speaker, her journey is one of remarkable resilience. With a strong scientific background in pharmaceutical research and national-level presentations, she integrates inquiry-driven pedagogy into education. As a trained Bharatanatyam and Kathak dancer, and founder of Kalodaya Dance Institute, she uses art for healing and social change. Honored with multiple awards and honorary doctorates, Dr. Ramya continues to inspire through mentorship, writing, and advocacy—living her philosophy: "Let your scars be your syllabus—teach the world with what you've survived." Mr. Mohan & Jaya Georg Antony : Thanith Investments: A Visionary Force Reshaping Tomorrow Founded by Mohan (Annamalai University) and Jaya Georg Antony (Panimalar Engineering College), Thanith Investments is a purpose-driven enterprise redefining industry standards through strategic innovation. With a diversified presence across Real Estate, Education, Construction, IT Solutions, Manpower Consultancy, and Digital Marketing, Thanith fosters sustainable growth and impact. From MG Promoters crafting inspired living spaces, to Rafzon Institute of Education shaping future-ready minds, and RKR Designer & Developers delivering excellence in construction—each venture reflects quality and vision. Indydaze IT Solutions empowers businesses with cutting-edge tech, while Rafzon Business Solutions bridges talent and opportunity. Their digital marketing arm elevates brands through compelling storytelling. What sets Thanith apart? Strong leadership, innovation at its core, and a growth philosophy that empowers every client, partner, and investor to thrive. Dr. Mithun Deshpande: Dr. Mithun Deshpande, Jt. Secretary and Administrator of C.T.E. Society's International Public School, Chikkodi, Karnataka, is a trailblazer in transforming rural education in India. With a Doctorate in Literature from South American University, USA, he has led over 1000 impactful sessions aimed at uplifting rural students academically and personally. A recipient of prestigious honors like the Indian Icon Award 2021, the Iconic Leader Award 2024, and recognition from MFA, Government of India, in 2018, Dr. Deshpande is celebrated for his innovative, inclusive, and strategic approach to education. He is also actively involved in Indo–Sri Lanka educational collaborations. With a deep sense of purpose and unwavering commitment, he continues to redefine learning and leadership at the grassroots level. Dr. Nitai Pradhan : Dr. Nitai Pradhan, born on March 30, 1967, in Nagaon, Assam, has dedicated more than 20 years to education and social welfare. As Principal of Good Shepherd's Home English Medium High School since 1989 and Secretary of Nilanchal Unnayan Sanskritika Parishad, he has empowered countless lives through quality education and community initiatives. Under his leadership, the school has consistently achieved 100% pass results. Dr. Pradhan has pioneered projects in women and child welfare, sanitation, skill training, and free computer education. He founded a Short Stay Home for women in Tezpur and collaborated with government agencies for development programs. Honored with multiple awards, including an Honorary D.Litt. in 2025, he remains a beacon of hope and transformation across Assam. Jyotishacharya Ajay Kumar Agarwal : Jyotishacharya Ajay Kumar Agarwal, a Jaipur-based astrologer and Vastu expert, has over 20 years of experience in Vedic astrology. He has analyzed more than 200,000 horoscopes and is highly respected in medical astrology for accurately identifying health issues early, often saving lives. Known for his compassionate nature, he provides personalized remedies like mantras and lifestyle changes that have brought hope to many individuals and families. His guidance has even prevented suicides. He was honored as the 'Most Trusted and Accurate Astrologer of the Year' and featured in the Green Field London Book of World Records. Deeply committed to social service, he believes, 'Service is the highest form of spirituality.' Contact: [email protected] | Instagram: @bhavishyaphalastro8 Sohong Dhar: Bridging Data, AI & Innovation, Sohong Dhar is a distinguished Information Scientist known for his deep expertise in AI, data science, and digital library automation. He holds advanced degrees from prestigious institutions—Jadavpur University, IIT Madras, and Duke University's Pratt School of Engineering. With a keen interest in emerging technologies, he holds patents in swarm robotics and cybersecurity. Currently contributing at Google Brain, Sohong focuses on building resilient, data-driven systems that power real-world solutions. His work has significant impact across sectors such as healthcare, education, and advanced technology. Passionate about transforming analytical insights into innovation, Sohong embodies a rare blend of technical excellence and visionary thinking, making him a leading force in today's data-driven world. Dr. Santosh Rai: Dr. Santosh Rai is a renowned academician, educationist, and motivational speaker whose journey exemplifies a deep commitment to learning and transformation. With a PhD, Doctor of Business Administration, several Master's degrees, and over 20 diplomas, he holds a rare academic portfolio. His efforts have earned him over 40 national and international honors, including the 'Glory of India Award' (London) and 'Global Education Leadership Award' (Nepal), along with world records for the 'Most Degrees Earned in 10 Years' and 'Largest Business Card.' As Director of Professional Career & Computers, Bhilai, he has driven excellence in commerce education. Beyond academics, he empowers youth through seminars and leadership roles in Rotary and Lions Clubs, inspiring thousands across India and abroad through his dedication to education and community upliftment. About Kiteskraft Productions LLP: Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2752342/KITESKRAFT_Achievers.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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