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    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
    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...
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    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
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
    Show AI Summary
    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
    Show AI Summary
    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
    Show AI Summary
    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    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.

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      The Estee Lauder Companies, Nykaa, & Startup India Announce Finalists for BEAUTY&YOU India 2025

      September 25, 2025

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      India’s most promising beauty entrepreneurs will present their bold, category-defining ideas for a chance to win financial, distribution, and strategic support India – Business Wire India The Estée Lauder Companies Inc.’s (NYSE: EL) New Incubation Ventures, with lead partner Nykaa and the support of Startup India, are proud to announce the finalists for BEAUTY&YOU India 2025. Now in its fourth year, the program continues its mission to discover and support the next generation of India-focused entrepreneurs shaping the future of beauty in India. Under the 2025 theme of Beauty Frontiers, 13 finalists have been selected, representing some of the most promising talent and ideas across skin care, makeup, hair care, and fragrance. Blending creativity, technology, cultural insight, and innovation, they reflect the diversity and dynamism of India’s beauty ecosystem, with concepts spanning Ayurvedic science, microbiome innovation, inclusive beauty solutions, sustainability, and novel delivery formats. Finalists were selected across three award categories: IMAGINE (best pre-launch beauty concepts), GROW (best in-market beauty brands), and BREAKTHROUGH (leading innovations in product, technology, or business model). Finalists will pitch their brands and concepts to an esteemed panel of industry leaders in Mumbai on October 7. Winners will be announced that evening at a special event with leaders across India’s beauty, startup, creative, and innovation ecosystems. As the program continues to grow each year, women entrepreneurs are the ones leading the charge. Over 80% of this year’s applicants included at least one woman founder. For the first time, BEAUTY&YOU India will debut the Visionary Women’s Award, a new jury prize presented with Startup India, the Government of India’s initiative to strengthen the nation’s innovation ecosystem and empower the next generation of entrepreneurs. Inspired by The Estée Lauder Companies’ legacy as a beauty company founded by a trailblazing woman, the award will recognize the innovation and impact of an outstanding woman entrepreneur, with the winner announced during the final event. All winners will receive mentorship from global beauty leaders and gain access to a broad network of strategic support. They will also receive financial support from a prize pool of up to $500,000, national visibility through Startup India, as well as brand-building and distribution support through Nykaa’s powerful ecosystem—spanning discovery, consumer insights, digital amplification, omnichannel presence, and access to its extensive network. The 2025 BEAUTY&YOU India finalists are: IMAGINE Best pre-launch beauty concepts • Atypiical – Milli Patel, CEO: ATYPIICAL creates hybrid suncare that blends SPF, skin care, and makeup and is engineered for the modern Indian woman’s climate, skin tone, and beauty routine. • DRENCH – Srishti Kumar, Founder: DRENCH is an ingredient-first luxury body care brand that aims to make body care as effective as skin care, with clinically powered, sensorially indulgent products. • Skiom Pvt. Ltd. – Dr. Gautam Banerjee, Cofounder & CEO and Balaknath Datta, Cofounder & COO: Skiom is an Indian skin care brand that believes microbiome is the foundation of healthy skin, offering science-driven solutions that are tested on Indian skin. • Mimiq – Harsha Soundararajan, Founder: Mimiq is a complexion-focused makeup brand, creating inclusive, high-performance, long-lasting products for people with visible skin differences, such as vitiligo. • Allyv – Surabhi Sundarka, Founder & CEO: Allyv aims to bring the joy back into skin care by offering multi-functional, effective, and highly sensorial products. GROW Best in-market beauty brands • Antinorm – Aparna Saxena, Founder & CEO: Antinorm simplifies beauty with high-performance, climate-tailored, and multitasking products that replace multi-step routines. • Dermis Oracle – Ankit Tripathi, Founder & CEO and Kaksha Patel, Cofounder & Head of Product: Dermis Oracle is a pharmaceutical company offering clinically proven solutions to address specific skin concerns through its family of brands, including Seekcaus (suncare) and Anable (hair care). • Justhuman – Roshini Sanah Jaiswal, Founder & CEO and Nitin Chawla, Cofounder & Head of Strategy and Compliance: Justhuman offers neurocosmetics that make people look and feel good by harnessing the skin-brain connection to support both skin health and emotional well-being. • Project Qaafi – Aahan Chatterjee, Founder: Qaafi is a contemporary expression of Indian skin care, blending Ayurveda, botanicals, and science-backed actives with a design-first approach that’s culturally nuanced and crafted for today’s discerning consumer. BREAKTHROUGH Leading innovations in product, technology, or business model • Atmiya Innovations Foundation – Dr. Mousumi Das, Founder & Assistant Professor: Dr. Das has created CYALIP, an advanced lipcare product that utilizes stabilization technology to offer vibrant, pH-resistant, and light-stable coloration while preserving the pigment’s bioactive properties. • Cosmos Bio Private Limited – Dr. Bharat Somireddy, Cofounder & CEO and Sowjanya Venkata, Cofounder: Cosmos Bio is an industrial biotech company pioneering sustainable, cruelty-free bioactives for beauty and personal care. • Hitech Formulations – Jaspreet Singh Gulati, Founder & Director: Hitech Formulations created Lipocell™, a breakthrough encapsulation technology that stabilizes retinoids and other unstable actives without solvents—delivering safer, more effective formulations for pigmentation, anti-aging, and antioxidant-driven skin care. • Nanospin Technologies LLP – Naman H. Barot, Founder: Nanospin Technology LLP is changing skin care at the speed of sustainability with a quick-dissolve face sheet mask that delivers deep moisture and glow-boosting ingredients in seconds. This year’s jury panel is composed of experts across The Estée Lauder Companies (“ELC”) and industry leaders including Akhil Shrivastava (Executive Vice President & Chief Financial Officer, ELC), Michelle Freyre (Global Brand President, Clinique and Dermatological Brands, ELC), Sumit Bhasin (Senior Vice President, Global R&D and Innovation for Fragrance, Makeup, and External Partnerships, ELC), Aïda Moudachirou-Rébois (Senior Vice President & Global General Manager, MAC Cosmetics), Rohan Vaziralli (General Manager, The ELC India), Anchit Nayar (Executive Director & CEO, Nykaa Beauty), Nivruti Rai (Head of Invest India), Katrina Kaif (Actor and Co-Founder, Kay Beauty), Gianandrea Ferrari (Chief Commercial Officer, Intercos Group), Dr. Jaishree Sharad (Celebrated Cosmetic Dermatologist, Author, and TEDX Speaker), Aabha Bakaya (Founder & CEO, Ladies Who Lead), and Gaurav Gupta (Couturier, Artist, and Designer). For more information, visit www.beautyandyouawards.com. To View the Image, Click on the Link Below: BEAUTY&YOU India 2025 Finalists (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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