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    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    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
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    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      As Guatemalan kids sit in planes on tarmac, judge orders they stay in the US, for now

      September 1, 2025

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      Harlingen(US), Aug 31 (AP) After the US government loaded children onto planes overnight to be sent back to their native Guatemala, a federal judge temporarily blocked the flights — with the youngsters still inside — as their attorneys said authorities were violating US laws and sending vulnerable kids into potential peril.

      The extraordinary drama played out over predawn hours on a US holiday weekend and vaulted from tarmacs in Texas to a courtroom in Washington. It was the latest showdown over the Trump administration's crackdown on immigration — and the latest high-stakes clash between the administration's enforcement efforts and legal safeguards that Congress created for vulnerable migrants.

      For now, hundreds of Guatemalan children who arrived unaccompanied will stay while the legal fight plays out over coming weeks.

      “I do not want there to be any ambiguity,” said Judge Sparkle L. Sooknanan, who applied her ruling broadly to Guatemalan minors who arrived in the US without parents or guardians.

      Minutes after her hastily scheduled hearing Sunday afternoon, five charter buses pulled up to a plane parked at the border-area airport in Harlingen, Texas. Hours earlier, authorities had walked dozens of passengers — perhaps 50 — toward the plane in an airport sector restricted to government planes, including deportation flights. The passengers were wearing colored clothing typically used in government-run shelters for migrant children.

      The US government insists it's reuniting the Guatemalan children — at the Central American nation's request — with parents or guardians who sought their return. Lawyers for at least some of the minors say that's untrue and argue that in any event, authorities still would have to follow a legal process that they did not.

      One girl said her parents, in Guatemala, got a strange phone call a few weeks ago saying the US was deporting her, said one of the attorneys, Efrén C. Olivares of the National Immigration Law Center.

      The 16-year-old, who's been living in a New York shelter, said in a court filing that she's an honors student about to start 11th grade, loves living in the US and is "deeply afraid of being deported.” Other children — identified only by their initials — said in court documents that they had been neglected, abandoned, physically threatened or abused in their home country.

      “I do not have any family in Guatemala that can take good care of me,” a 10-year-old said in a court filing. A 16-year-old recalled experiencing “threats against my life” in Guatemala.

      “If I am sent back, I believe I will be in danger," the teen added.

      Sunday's court hearing came in a case filed in federal court in Washington, but similar legal actions also were filed elsewhere.

      In a lawsuit in Arizona, the Florence Immigrant; Refugee Rights Project said one of its clients is a 12-year-old asylum-seeker who has chronic kidney disease, needs dialysis to stay alive and will need a kidney transplant. Two other plaintiffs, a 10-year-old boy and his 3-year-old sister, don't have family in Guatemala and don't want to return, according to the group.

      As the developments played out in the US, families gathered at an air base in Guatemala's capital, Guatemala City, in anticipation of the flights. Gilberto López said he drove through the night from his remote town after his 17-year-old nephew called at midnight to say he was being deported from Texas.

      The boy left Guatemala two years ago, at age 15, to work in the US and was detained about a month ago, López said.

      Alarm bells for immigrant advocates Migrant children who arrive in the US without their parents or guardians are routinely handed over to the Department of Health and Human Services' Office of Refugee Resettlement. They often live in government-supervised shelters or with foster care families until they can be released to a sponsor — usually a relative — in the US Many of those from Guatemala request asylum or pursue other legal avenues to get permission to stay.

      An attorney with the National Center for Youth Law said the organization starting hearing a few weeks ago from legal service providers that Homeland Security Investigations agents were interviewing children — particularly Guatemalans — in facilities of the Office of Refugee Resettlement.

      The agents asked the children about their relatives in Guatemala, said the attorney, Becky Wolozin.

      Then, on Friday, advocates began getting word that their young clients' immigration court hearings were being canceled, Wolozin said.

      Shaina Aber of Acacia Center for Justice, an immigrant legal defense group, said it was notified Saturday evening that officials had drafted a list of children to return to Guatemala. Advocates learned that the flights would leave from the Texas cities of Harlingen and El Paso, Aber said.

      It's unclear whether any planes actually departed. Government lawyer Drew Ensign told the Washington judge that one plane might have taken off but then returned.

      The Department of Homeland Security, Immigration and Customs Enforcement and HHS did not immediately respond to requests for comment Sunday.

      White House deputy chief of staff Stephen Miller said on X that the Guatemalan government formally requested the children's return and that the judge was “refusing to let them reunify with their parents.” Judge got a 2:30 a.m. call The judge said she was awakened at 2:30 a.m. to address the emergency filing from the children's lawyers, who wrote in bold type that flights might be leaving within the ensuing two to four hours. Sooknanan spent hours trying to reach federal attorneys and get answers, she said.

      “I have the government attempting to remove unaccompanied minors from the country in the wee hours of the morning on a holiday weekend, which is surprising,” Sooknanan said at the midday hearing, later adding: “Absent action by the courts, all of those children would have been returned to Guatemala, potentially to very dangerous situations.” The rapid-fire developments resembled a March weekend showdown over the deportation of hundreds of Venezuelans to a maximum-security prison in El Salvador. Advocates implored a federal judge to halt deportations they believed were imminent, while the Trump administration was mum about its plans.

      That judge appeared in civilian clothes for a Saturday night hearing and tried to block the flights, but they went ahead, with the government saying the order came too late.

      The Trump administration is planning to remove nearly 700 Guatemalan children who came to the US unaccompanied, according to a letter sent Friday by Sen. Ron Wyden, an Oregon Democrat. The Guatemalan government has said it's ready to take them in. (AP) NB NB

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