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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
    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
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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
    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
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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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      The dowry trap: Noida's Nikki Bhati only the latest in an endless list

      August 27, 2025

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      New Delhi, Aug 26 (PTI) The spectre of dowry has returned to the national centrestage with the horrific death of 26-year-old Nikki Bhati, highlighting once again the age-old trap of patriarchal control, societal norms and weak law enforcement that millions of women are caught in.

      Every day, somewhere in the country, 20 women die because their families have been unable to satisfy dowry demands, according to the National Crime Records Bureau (NCRB). Nikki Bhati was one of them, a statistic and so much more than that.

      Nikki was allegedly set ablaze in Greater Noida’s Sirsa village on August 21, purported videos of her assault by her husband and then of her in flames shaking the collective conscience. Her family - which got Nikki and her sister married to two brothers - said they gifted her in-laws a Scorpio, a motorcycle and gold during the wedding in 2016. But there was no satiating the demand and they were later presented with a fresh demand of Rs 36 lakh and a luxury car.

      "I recently attended a wedding in Noida and it was horrifying. I saw luxury cars -- Fortuners, Mercedes -- being openly gifted as dowry. Politicians were there, celebrating. I couldn’t tolerate witnessing such glorification of dowry and left,” women’s rights activist Yogita Bhayana told PTI.

      "Even in Nikki's case, I was on a channel where her father was also a panellist. Despite what they’re facing now, during the debate he repeatedly emphasised that he had given a top-model SUV to his son-in-law. This only shows how normalised dowry is, even among those grieving," she said.

      That Nikki, who ran a beauty salon with her sister and had a presence on social media, reached out to her family for help, a panchayat had to sit to deliberate the issue more than once and she was still sent back only underscores how interwoven the custom of dowry is in societal fabric.

      Dowry not only persists but remains rampant in many parts of India, where, instead of being condemned, it is often glorified by both the groom’s and bride’s families, Bhayana pointed out.

      And horrifying though her death is, Nikki, who got married when she was just 17, is not the only one.

      Dowry, outlawed in India since 1961, continues to be the grim societal reality where the bride's family is expected to gift cash, clothes and jewellery to the groom's family. And if they don’t, harassment, torture and death, often by burning, is the grim escalating trajectory for many women.

      The investigation into Nikki’s death throws up new evidence each day, indicating a possible shift from the initial findings that she was set on fire by her husband Vipin and his family. All the accused -- husband Vipin Bhati, mother-in-law Daya, father-in-law Satveer Bhati, brother-in-law Rohit Bhati - are under arrest.

      Was she killed or did she kill herself? It matters little. The fact is that she was one more victim of dowry and relentless harassment that lasted nine years, pushing her to a gruesome, untimely death.

      A day after Nikki's death in a village on the outskirts of India’s national capital, Sanju Bishnoi, a school teacher, allegedly set herself and her daughter on fire in Jodhpur, Rajasthan, so tormented by dowry demands that she sat her three-year-old down on her lap, poured inflammable liquid over them and lit up.

      The child died instantly while Sanju succumbed to her injuries the following day during treatment.

      "Despite women now holding high-paying jobs, they are still treated as dependents, with dowry fulfilling a need to satisfy male ego. When this control feels threatened, it can escalate to abuse and even violence, often carried out with little regard for consequences," explained Dr Shweta Sharma, founder of Mansa Global Foundation for Mental Health.

      Digging deeper, the psychologist explained that dowry has evolved into a tool for "reinforcing patriarchal control" and a symbol of the girl being a liability with her parents expected to fulfill the so called obligation.

      A study by Jeffrey Weaver of University of Southern California and Gaurav Chiplunkar of University of Virginia that examined more than 74,000 marriages in India between 1930 and 1999 found that 90 per cent involved dowry. Besides, payments between 1950 and 1999 amounted to a staggering quarter of a trillion dollars.

      Bhayana added that male entitlement coupled with the conditioning that asks women to “endure and stay silent” leads to the practice being perpetuated.

      She stressed that the victims’ parents should not be completely absolved of blame "We often portray parents of victims solely as victims themselves, but sometimes, they also enable these situations. Nikki, too, must have expressed distress multiple times. Still, the parents sent her back -- fearing society's judgment, choosing image over her safety. And we all know this wasn’t the first time she was beaten... Her death wasn’t an isolated crime. It was systemic," she added.

      Bhayana called for social change, strict enforcement of laws and meaningful awareness campaigns rather than self-glorifying government posters.

      Dowry and the expectation of it is not confined to any one bracket. It cuts across castes and classes, not just pan India but all pervasive.

      The stories are endless, some which make big news, others that barely make it to the papers and those that are never reported.

      In Khargone, Madhya Pradesh, a 23-year-old married six months ago was reportedly hospitalised with burn injuries. She alleged that her husband branded her with a heated knife over dowry demands. Police has registered a case.

      And the question is - will this woman, whose case made it to a few paras in a newspaper, ever get justice.

      Addressing the “low conviction rate” in dowry cases, lawyer Seema Kushwaha said dowry demands have evolved over time, with the groom's families often claiming that the items given were mere “gifts, not demands" and using this as a legal defense to dismiss allegations.

      "This common tactic significantly weakens the woman's case in court," said the Supreme Court lawyer, adding that the spread of narratives emphasizing the few cases of women misusing Section 498A of the Indian Penal Code -- the stringent anti-dowry law -- undermines the cases of the larger group of genuine victims.

      Section 498A was introduced in 1983 after a spate of dowry deaths in Delhi and elsewhere in the country.

      Kushwaha emphasised the urgent need to nip the problem in the bud, asking why acts like "a husband slapping his wife or in-laws blaming her family for trivial matters soon after marriage" often do not lead to an FIR.

      "Courts often interpret cruelty based on societal norms rather than strictly following codified law. They require medical reports or visible bruises to confirm cruelty, which unfairly disadvantages victims of mental and emotional abuse that leaves no physical marks," she said.

      According to the National Crime Records Bureau (NCRB), 35,493 brides were killed in India between 2017 and 2022 -- averaging nearly 20 deaths a day -- over dowry demands, sometimes occurring even years after the wedding. PTI MG MIN MIN MIN

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