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    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
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
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    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.
    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
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    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
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    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.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
    Show AI Summary
    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
    Show AI Summary
    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
    Show AI Summary
    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
    Show AI Summary
    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
    Show AI Summary
    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
    Show AI Summary
    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
    Show AI Summary
    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
    Show AI Summary
    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.

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      Israeli troops press forward into Gaza City as more Palestinians flee and death toll passes 65,000

      September 18, 2025

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      Jerusalem, Sep 17 (AP) Israeli troops and tanks pushed deeper into Gaza City on Wednesday as more people fled the devastated area, and strikes cut off phone and internet services, making it harder for Palestinians to summon ambulances during the military's new offensive.

      Meanwhile, the Palestinian death toll in the Israel-Hamas war surpassed 65,000, local health officials said.

      The Israeli military said air force and artillery units have struck the city more than 150 times in the last few days, ahead of ground troops moving in. The strikes toppled high-rise towers in areas with densely populated tent camps. Israel claims the towers were being used by Hamas to watch troops.

      Regulators said the severed phone and internet services hindered the ability of Palestinians to call for help, coordinate evacuations or share details of the offensive that began Monday and aims to take full control of the city.

      Overnight strikes killed at least 16 people, including women and children, hospital officials reported. The death count in Gaza climbed to 65,062, according to Gaza's Health Ministry, which is part of the Hamas-run government. Another 1,65,697 Palestinians have been wounded since the October 7, 2023, attack by Hamas that triggered the war.

      The ministry does not say how many of the dead were civilians or militants. Its figures are seen as a reliable estimate by the UN and many independent experts.

      Israeli bombardment has destroyed vast areas of Gaza, displaced around 90 per cent of the population and caused a catastrophic humanitarian crisis, with experts saying Gaza City is experiencing famine.

      Palestinians streamed out of the city — some by car, others on foot. Israel opened another corridor south of Gaza City for two days beginning Wednesday to allow more people to evacuate.

      Israeli forces have carried out multiple large-scale raids into Gaza City over the course of the war, only to see militants regroup later. This time, Israel has pledged to take control of the entire city.

      More than half of the Palestinians killed in overnight Israeli strikes were in Gaza City, including a child and his mother who died in the Shati refugee camp, according to officials from Shifa Hospital, which received the casualties.

      In central Gaza, Al-Awda Hospital said an Israeli strike hit a house in the urban Nuseirat refugee camp, killing three, including a pregnant woman. Two parents and their child were also killed when a strike hit their tent in the Muwasi area west of the city of Khan Younis, said officials from Nasser Hospital, where the bodies were brought.

      In a statement, the Israeli military said it took steps to mitigate harm to civilians and that it would continue to operate against “terrorist organisations” in Gaza.

      The war in Gaza began when Hamas-led militants stormed into southern Israel in the 2023 attack, killing around 1,200 people, mostly civilians, and abducting 251 others. Forty-eight hostages remain in Gaza, with fewer than half believed to be alive.

      The Gaza Health Ministry said multiple Israeli strikes hit the Rantisi Hospital for children in Gaza City on Tuesday night. It posted pictures on Facebook showing the damaged roof, water tanks and rubble in a hospital hallway.

      The ministry said the strikes forced half of some 80 patients to flee the facility. About 40 patients, including four children in intensive care and eight premature babies, remained in the hospital with 30 medical workers, the ministry said.

      “This attack has once again shattered the illusion that hospitals or any place in Gaza are safe from Israel's genocide," said Fikr Shalltoot, Gaza director for the aid group Medical Aid for Palestinians.

      The Israeli military said it was looking into the strikes. In the past, it has accused Hamas of building military infrastructure inside civilian areas.

      The military's Arabic-language spokesman, Col. Avichay Adraee, wrote on social media that a new route opened for those heading south for two days starting at noon Wednesday.

      Many Palestinians in the north were cut off from the outside world. The Palestinian Telecommunications Regulatory Authority, based in the occupied West Bank, said Israeli strikes on the main network lines in northern Gaza had cut off internet and telephone services Wednesday morning. The Associated Press tried unsuccessfully to reach many people in Gaza City.

      The Israeli military said it was reviewing the incident and that it does not deliberately target public communication networks.

      An estimated 1 million Palestinians were living in the Gaza City region before warnings to evacuate began ahead of the offensive. The Israeli military estimates 350,000 people have left the city.

      Hamas senior official Ghazi Hamad made his first public appearance Wednesday following the Israeli strike on the militant group in Qatar earlier this month.

      Ghazi Hamad, a member of Hamas' political bureau, appeared in a live interview broadcast by the Qatari channel Al-Jazeera and accused the United States of being a bad mediator and siding with Israel.

      The Hamas negotiating team and consultants were reviewing a US ceasefire proposal when "less than an hour into the meeting, we heard the explosions," Hamad said.

      The strike killed five Hamas members and a local security official and infuriated Arab leaders.

      Also Wednesday, Qatar's Ministry of Foreign Affairs released a statement saying it condemned “in the strongest terms” Israel's ground offensive in Gaza. The ministry wrote on X that the operation marked an “extension of the war of genocide” against the Palestinians.

      A coalition of leading aid groups Wednesday urged the international community to take stronger measures to stop Israel's offensive on Gaza City. The action came a day after a commission of UN experts found Israel was committing genocide in the Palestinian enclave. Israel denies the allegation.

      “What we are witnessing in Gaza is not only an unprecedented humanitarian catastrophe, but what the UN Commission of Inquiry has now concluded is a genocide,” read the statement from the aid groups. “States must use every available political, economic and legal tool at their disposal to intervene. Rhetoric and half measures are not enough. This moment demands decisive action." The message was signed by leaders of over 20 aid organisations operating in Gaza, including the Norwegian Refugee Council, Anera and Save the Children.

      Israel's far-right finance minister said Gaza could be a “real estate bonanza” and that he is discussing with the Trump administration how to share the proceeds.

      Bezalel Smotrich, speaking at an urban-renewal conference in Tel Aviv, said a “business plan” has been submitted to US President Donald Trump.

      “We paid a lot of money for this war, so we need to divide how we make a percentage on the land marketing later in Gaza,” he said.

      “And now, no kidding, we've done the demolition phase, which is always the first phase of urban renewal. Now we need to build. It's much cheaper.” Smotrich, a key ally in Prime Minister Benjamin Netanyahu's governing coalition, wants to continue the war until Hamas is eradicated, relocate much of Gaza's population to other countries through what they refer to as “voluntary emigration” and rebuild Jewish settlements that were dismantled in 2005.

      Trump said in February he envisioned development in Gaza turning the region into the “Riviera of the Middle East.” (AP) SKY SKY

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