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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
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    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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    Show All SummariesHide All Summaries
    August 7, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
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    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
    Show AI Summary
    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
    Show AI Summary
    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
    Show AI Summary
    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
    Show AI Summary
    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      City Of Dreams Sri Lanka Opens, Aims To Boost Travel, Business, And Lifestyle In South Asia

      August 25, 2025

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      New Delhi [India], August 21: With its glittering launch on August 2, 2025, City of Dreams Sri Lanka redefines luxury tourism in South Asia. This resort not only transforms Colombo’s skyline but also sets a new benchmark in hospitality, entertainment, and economic promise. Colombo witnessed a historic moment with the launch of City of Dreams Sri Lanka, a landmark development poised to reshape South Asian travel and tourism. Backed by a $1.2 billion investment and a decade of planning the luxury resort signals Sri Lanka’s bold entry onto the world’s luxury map. Developed by John Keells Holdings PLC (JKH) in collaboration with Melco Resorts & Entertainment (Melco), the opening of this destination represents more than the sum of its lavish amenities. It marks a transformative shift in Colombo’s identity, taking it from a gateway city to a globally recognised lifestyle and business hub. The grand opening was marked by an evening of spectacle and celebration, with Bollywood superstar Hrithik Roshan among the high-profile guests in attendance, adding star power to an event that already symbolised ambition on a comprehensive scale. An Iconic First for South Asia City of Dreams Sri Lanka holds the distinction of being South Asia’s first fully integrated resort. This status reflects the seamless combination of hospitality, gaming, retail, dining, and entertainment within one unified complex, offering guests a 360-degree lifestyle experience without ever needing to leave the premises. Until now, integrated resort models were largely synonymous with destinations like Macau, Las Vegas or Manila. With this launch, Sri Lanka joins the ranks of those international cities, becoming a pioneer in introducing this format to the South Asian region. The magnitude of the City of Dreams project is unprecedented in the region and is the largest luxury lifestyle development ever undertaken in the country. The project has been over a decade in the making and reflects deep confidence in the country’s tourism potential. From the outset, it was envisioned as a game-changing anchor for Colombo’s transformation into a modern city. World-Class Offerings Under One Roof City of Dreams Sri Lanka is a meticulously curated ecosystem, where hospitality, entertainment, business, shopping, dining and culture converge to deliver a seamless, world-class experience that rivals the best global destinations. What sets this integrated resort apart is not just its scale, but its soul. With over 1,000 artworks displayed across the property, including some exclusively commissioned pieces, the resort serves as a living gallery spotlighting Sri Lanka’s vibrant cultural identity. From hand-carved interiors to immersive multimedia installations, every detail has been carefully designed to celebrate local craftsmanship and heritage on a universal stage. The opening weekend itself was a celebration of this ethos, featuring international and local artists, dynamic performances and culinary showcases that reflected the resort’s promise: to create moments that are as inspiring as they are unforgettable. More than a landmark destination, City of Dreams Sri Lanka is a symbol of resilience and renewal, a new chapter for Colombo that blends tradition with transformation. Luxury Hospitality Redefined At the heart of the resort is Nüwa, the ultra-luxurious hotel brand by Melco and a highlight of the City of Dreams Sri Lanka experience. With 113 elegantly appointed rooms, Nüwa caters to the discerning traveller, offering world-class design, personalised service, and exclusive amenities. Complementing this is the Cinnamon Life hotel, a 687-room premium property that has been welcoming guests since October 2024. Known for its signature Sri Lankan warmth and contemporary comforts, Cinnamon Life adds depth to the resort’s hospitality offering. Together, the two hotels create a seamless blend of indulgence and accessibility, merging local charm with international finesse and placing Colombo firmly on the map of international luxury destinations. The Casino and Entertainment Edge City of Dreams brings a state-of-the-art casino to Colombo, operated to elevated gaming standards by Melco, a leader in luxury integrated resorts across Asia and Europe. Designed not just for high rollers but also as a vibrant entertainment zone, the venue attracts both leisure seekers and cultural tourists. Complementing the gaming floor are immersive entertainment spaces poised to host international performances, art showcases and live cultural acts, offering a platform for both global and Sri Lankan talent. Retail and Dining Experiences The Shoppes, which is the premium shopping promenade at City of Dreams Sri Lanka, features luxury brands, lifestyle boutiques, and concept stores curated to meet international standards. Retail therapy is elevated with a Sri Lankan touch, offering an eclectic blend of global and local. Gastronomy, too, takes centre stage. The resort boasts 17 distinctive dining outlets, including restaurants and bars helmed by internationally acclaimed chefs. From pan-Asian fine dining to regional specialties, the culinary offerings span a wide range of cuisines, promising an unforgettable gastronomic journey for every palate. Business Meets Leisure The resort’s MICE infrastructure (Meetings, Incentives, Conferences and Exhibitions) is designed to accommodate everything from intimate board meetings to major conferences. With cutting-edge technology and flexible venues, it opens new doors for Colombo as a premier business tourism destination in South Asia. Redefining Colombo’s Global Identity Strategically located in the heart of the city, City of Dreams Sri Lanka is more than a place to stay. It is a reason to visit Colombo. The integrated resort is positioned to drive a surge in international arrivals, especially from India, the Middle East, and Southeast Asia, reinforcing Sri Lanka’s tourism ambitions. For a long time, the island nation has been known for its beaches, tea estates and cultural heritage. With the City of Dreams, Colombo now stands out as a destination that balances heritage with world-class urban luxury. Moreover, this resort is not just for tourists. It is being marketed as a lifestyle hub for locals and global citizens alike. Residents, digital nomads, entrepreneurs, and creatives find in it a space where modern elegance, entertainment and Sri Lankan culture intersect. Its scale and ambition place Colombo in the same breath as established urban resort cities like Macau, Manila, and Limassol, all home to previous iterations of the City of Dreams brand. Economic and Cultural Impact City of Dreams Sri Lanka is poised to make a significant contribution to the nation’s economy and cultural landscape that is expected to generate over 20,000 direct and indirect employment opportunities - from hospitality and culinary arts to logistics and event management -- the development has opened new avenues for local skill development and long-term career advancement, empowering a diverse segment of the workforce. Beyond job creation, the resort is set to become a key driver of foreign exchange earnings. Positioned as a high-end destination that attracts affluent international travellers, it is likely to boost investor confidence and act as a catalyst for further foreign direct investment. This launch comes at a critical time in Sri Lanka’s economic journey, offering a sustainable model for growth and regional engagement. Melco Resorts & Entertainment is dedicated to bringing its expertise in luxury hospitality and entertainment to ensure that this project achieves the highest international standards. The company is committed to empowering local talent development through comprehensive training programs, creating meaningful career opportunities for the Sri Lankan workforce. Additionally, Melco will uphold the highest standards and implement industry’s best practices in responsible operations, ensuring a world-class experience that prioritizes excellence, safety, and sustainability. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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