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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
    Show AI Summary
    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
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    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
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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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      OPPO India brings Grand Festive Sale across its portfolio; ₹10 Lakh Mega Prize for 10 lucky customers

      September 18, 2025

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      “Pay 0, Worry 0, Win ₹10 Lakh” Returns! • Enjoy Zero Down Payment, Interest-free EMIs, and Exchange Bonus on the latest OPPO mobile phones – F31 Series and Reno14 Series (From Navratri to Diwali and beyond!) • Best deals on A5 Series with Zero Down Payment and Interest-free EMIs • Offers available on retail stores, OPPO e-store, Flipkart, and Amazon from 19th September to 31st October 2025 • ‘My OPPO Exclusive Diwali Raffle’: Customers stand a chance to win cash prizes of ₹10 Lakh or ₹1 Lakh or OPPO devices (F31 Pro, Find X8, Reno14, Enco Buds3 Pro) • Steal deals on Flipkart Big Billion Day Exclusive: K Series, Enco Buds3 Pro and PAD SE(22nd September-2nd October 2025) New Delhi, 18 September 2025: Ushering in the festive cheer, OPPO India announced the return of its biggest festive sale for customers in India: ‘Pay 0, Worry 0, Win ₹10 Lakh’. From 19th September to 31st October, customers can explore and avail exciting offers on OPPO devices, including the latest launches - the F31 Series and the Reno14 Series, across retail stores, the OPPO e-store, Flipkart, and Amazon. The OPPO festive sale offers shoppers a host of exclusive benefits, including zero down payment, interest-free EMIs, instant cashbacks, attractive exchange schemes and a chance to win latest OPPO devices along with cash prizes of ₹10 Lakh or ₹1 Lakh. Commenting on the occasion, Goldee Patnaik, Head – PR and Communications, OPPO India, said, “With the onset of the festive season, we at OPPO are geared up to make it truly special and celebratory for our valued customers in India. Our users are at the heart of everything we do, and the Grand Festive Bonanza is a heartfelt gesture to thank them for their continued trust in the brand. Festive shopping is all about added value, and we have tailored our offers accordingly, with attractive deals, discounts, and exciting rewards. Our devices offer unmatched durability, advanced AI camera capabilities, and high-performance specifications across a range of price points to suit diverse consumer needs. The My OPPO Diwali Raffle is designed to bring even more joy through high-value rewards. We hope our efforts enable customers capture, share, and celebrate every festive moment with happiness.” OPPO’S FESTIVE PROMISE: TECHNOLOGY THAT CELEBRATES WITH YOU Aligned with its brand philosophy, ‘Make Your Moment’, OPPO continues to uphold its commitment to quality by delivering products that blend technological innovation with real-world durability. With convenient upgrade options and reliable service, OPPO enables customers to make the most of the festive season. Pay 0, Worry 0, Win ₹10 Lakh* (19th September 2025 – 31st October 2025) F31 Series, Reno14 Series Upto 8 Months of Zero Down Payment, Interest-Free EMIs, Upto 10% Exchange Bonus Special Festive Starting Price (with applicable bank offers): F31 Series: ₹20700/- Reno14 Series: ₹34999/- All OPPO Mobile Phones Low Down Payments, Lowest EMIs, Upto 10% Instant Cashback Bank Card Benefits (EMI and Non-EMI Transactions) State Bank of India, HDFC Bank, Kotak Mahindra Bank, IDFC First Bank, Bank of Baroda, Bajaj Finserv, TVS Credit, HDB Financial Services My OPPO Exclusive Diwali Raffle Customers who purchase OPPO mobile phones stand a chance to win any of the prizes: 10 Mega winners: ₹10 Lakh cash prize Daily 1 winner: ₹1 Lakh cash prize Any of the OPPO products: Find X8, Reno14, OPPO F31 Pro, OPPO Enco Buds3 Pro 3 Months Extended warranty 5000 Reward points T&C Apply LATEST OPPO DEVICES AT THE HEART OF THE CELEBRATION All-New OPPO F31 Series: Built for the Way India Celebrates This festive season, elevate your smartphone experience with the all-new OPPO F31 Series featuring the F31 Pro+, F31 Pro, and F31. Crafted to complement the spirit of celebration, the series combines durable design to withstand festive spills and splashes, seamless performance to keep up with your busiest days, and vibrant color options that add a festive flair to every moment. With powerful chipsets, Snapdragon 7 Gen 3 in the F31 Pro+ and MediaTek Dimensity 7300 Energy in the F31 Pro, paired with OPPO’s Dual Engine Smoothness System, it's built to last through the most demanding days. Festive-ready design meets vibrant shades like Festive Pink, Gemstone Blue & Himalayan White (F31 Pro+), Desert Gold & Space Grey (F31 Pro) and Midnight Blue, Cloud Green & Bloom Red (F31). With IP66, IP68, and IP69 ratings and protection against 18 common spills, the F31 Series is designed with a 360° Armour Body, MIL-STD-810H military-grade durability, and 72 months of guaranteed smooth performance. To keep things cool even during intense use, each model features an advanced cooling system with large vapour chambers and expanded graphite layers, maximized on the F31 Pro+ (5,219 mm²) for even greater thermal efficiency. The F31 Series also packs a massive 7,000mAh battery, 80W SUPERVOOC™ Flash Charging, and reverse & bypass charging, keeping you connected, whether it’s a night of pujas or morning video calls with family. The F31 Pro+ and F31 Pro feature a 50MP main camera with OIS, 2MP Monochrome camera and a 32MP selfie camera, while the F31 5G offers a 50MP rear camera, 2MP protrait camera and a 16MP front camera. OPPO Reno14 Series: The best AI travel camera phone The OPPO Reno14 Series, comprising Reno14 and Reno14 Pro, combines a powerful 50MP HyperTone camera system with a 3.5x telephoto lens, 4K HDR Video at 60fps across all lenses, and even an Underwater Photography Mode. It delivers a truly AI-first photography experience with the AI Editor 2.0 that includes features like AI Perfect Shot, AI Best Face, AI Recompose, AI Unblur, AI Reflection Remover, etc., ensuring professional-grade results with every shot. Built for style and strength, it features an aerospace-grade aluminium frame with IP66/68/69 ratings for water and dust protection. The Reno14 Pro can be purchased in Pearl White and Titanium Grey, while the Reno14 comes in Forest Green, Pearl White, and Mint Green color variants. The series is powered by the MediaTek Dimensity 8450 (Reno14 Pro) and MediaTek Dimensity 8350 (Reno14). What makes the Reno14 Series a travel-ready accessory is its lightweight design and long-lasting batteries – 6000mAh on Reno14 and 6200mAh on Reno14 Pro – with 5-year durable battery health and 80W SUPERVOOC™ fast charging. With AI HyperBoost 2.0 and AI LinkBoost 3.0, the series delivers smooth performance and reliable connectivity whether you are navigating city streets or remote trails. The Reno14 Series doubles as a smart assistant with ColorOS 15 that supports features like AI Mind Space, AI VoiceScribe, AI Translate, Circle to Search, etc., making it the perfect companion for adventures, creativity, and productivity. OPPO A Series: Engineered for everyday durability and performance The A Series is designed to deliver reliable performance, everyday innovation, and premium features, now available at a festive special starting price of ₹8999/-. The lineup offers segment-leading durability with IP65, IP66, IP68, and IP69 ratings, military-grade toughness, and reinforced 360° Armour Body with Sponge Bionic Cushioning. Powered by massive 6,000mAh battery, fast charging, and OPPO’s 5-Year Battery Health assurance, the A Series ensures lasting performance for work and entertainment. All models feature ultra-bright displays certified for 36-month fluency and come equipped with intelligent camera features such as Dual-View Video, AI Eraser 2.0, Reflection Remover, and Smart Image Matting 2.0. The range includes the stylish A5x, A5x 5G, the rugged A5 5G, and the ultra-tough A5 Pro 5G. FLIPKART BIG BILLION DAYS 2025 SPECIALS Also, as part of Flipkart Big Billion Days 2025, OPPO brings exclusive deals on the K Series, OPPO Enco Buds3 Pro, and OPPO Pad SE for customers. Running from 22nd to 2nd October 2025, these special offers are tailored to give customers added value during one of India’s most anticipated online shopping festivals. The OPPO K Series combines style, performance, and rugged design. The OPPO K13x 5G, now available in Mist White (limited edition) and Breeze Blue, features SGS Gold Drop Certification, MIL-STD 810H durability, AM04 aerospace-grade alloy, Crystal Shield glass, Sponge Shock Absorption System, and IP65 protection. It offers a 120Hz HD+ display, 6,000mAh battery with 45W fast charging, and AI-powered cameras. The OPPO K13 5G delivers flagship-level performance with a Snapdragon® 6 Gen 4 processor, 7,000mAh battery, 80W SUPERVOOC™ charging, 120Hz AMOLED display, and vapor chamber cooling. The K13 Turbo Series 5G, India’s only smartphone with a built-in cooling fan, is built for e-sports-level gaming with advanced thermal design and a 7,000mAh battery. The OPPO K Series is now available at its most attractive prices starting at just ₹9,999/- with No Cost EMI plans. OPPO also brings you unbeatable deals on two of its most versatile devices, the OPPO Pad SE and the OPPO Enco Buds3 Pro. The Pad SE, a sleek and powerful tablet with an 11-inch Eye-Care Display, massive 9340mAh battery with 33W SUPERVOOC™ charging, quad speakers with Hi-Res certification, and AI-powered productivity tools including Google Gemini integration, is designed for seamless entertainment, learning, and work on the go, now available at an exciting starting price of just ₹9900. Complementing it is the OPPO Enco Buds3 Pro, offering up to 54 hours of playback, TÜV-certified battery health, 12.4mm dynamic drivers for deep immersive sound, 47ms ultra-low latency for gaming, and IP55-rated durability, all at a special festive price of ₹1499/-. About OPPO India Founded in 2014, OPPO Mobiles India Pvt Ltd (OPPO India) is a leading technology company in India, renowned for its innovative and diverse portfolio, including the Find, Reno, F, K, and A series smartphones, as well as IoT devices. The company is headquartered in Gurugram, Haryana. OPPO has been at the forefront of technological innovation, particularly in imaging technology, device durability, and battery health optimisation. Guided by the philosophy ‘Make Your Moment’, OPPO empowers users to create and embrace the beauty of life through advanced technology, fostering freedom and fulfillment in everyday experiences. Spanning over 110 acres, the company operates one of India’s largest mobile manufacturing facilities in Greater Noida, Uttar Pradesh. With multiple production lines, assembly stations and testing stations, the plant is capable of dispatching hundreds of micro parts to produce approximately 200 smartphones in under 10 minutes. As a socially responsible organization, OPPO India actively engages in initiatives focused on skill development and e-waste awareness among the country’s youth. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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