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    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...
    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)
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    August 7, 2026
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    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
    Show AI Summary
    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
    Show AI Summary
    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
    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
    Show AI Summary
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Times Black ICICI Bank Credit Cardholders, Powered by Visa, Experience an Iconic Evening at the Red Fort

      September 26, 2025

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      Luxury Heritage Event, Combines Exclusively Curated Experience, Sufi Performance, and Gourmet High tea at Delhi's Iconic Red Fort. MUMBAI, India, Sept. 26, 2025 /PRNewswire/ -- Times Black ICICI Bank credit card, in partnership with Sabhyata Foundation, announces "An Evening at Red Fort," an exclusive cultural experience designed specifically for Times Black ICICI Bank Credit . This landmark event reimagines India's most iconic monument as a distinguished venue where heritage blends seamlessly with luxury, giving guests a unique chance to experience the Red Fort in a way that goes beyond its conventional tourist setting. Scheduled for September 27, 2025, from 4:30 PM to 8:00 PM, this carefully curated evening represents the convergence of India's rich cultural legacy with contemporary premium experiences. The evening's centerpiece is a mesmerizing Sufi performance by acclaimed artist Deveshi Sahgal, whose soulful artistry will resonate within the historic walls that have witnessed centuries of Indian history. Guests will embark on a multi-sensory journey featuring a spectacular light and sound showcase that brings the fort's 400-year legacy to vivid life. Echoing this sentiment, Mr Nakul Anand, Chairman, Advisory Board of Sabhyata Foundation added, "Our partnership in this initiative reflects our deep commitment to preserving and celebrating India's architectural heritage. Through such collaborative events, we aim to foster a deeper appreciation for our monuments by public at large while ensuring their preservation for future generations. The Red Fort stands as a testament to India's glorious past, and events like these helps bridge the gap between historical significance and contemporary cultural engagement." "We share Sabhyata's vision of preserving India's architectural heritage, and through this unique experience for our cardholders, we aim to inspire them to rediscover these iconic sites, experiencing them in fresh, reimagined ways." Harshita Singh, Business Head, Times Black ICICI Bank Credit card. Adding to this, Executive Chef, Indian Accent, Shantanu Mehrotra said, "It's always an incredible opportunity to bring our food to iconic settings like the Red Fort, and this event was no exception. Many of our signature dishes, like the Daulat Ki Chaat, are deeply rooted in Old Delhi traditions, and our curated high tea menu reflects that heritage, with highlights like the Bhuna Aloo Samosa with White Pea Mash. Our heart remains with tradition, and we wanted every element of this menu to reflect that balance." We are delighted to have FNP Luxe as our floral partner for an evening set within the majestic Lal Qila. FNP Luxe offers an unparalleled luxurious gifting experience that is ideal to elevate celebrations. Specialising in bespoke floral arrangements, handcrafted cakes, and thoughtfully curated hampers, FNP Luxe brings together timeless craftsmanship and modern elegance. Their creations will beautifully complement the grandeur of the monument, enhancing the experience with a perfect blend of heritage, music, and luxury. All proceeds contribute to monument preservation efforts through the Sabhyata Foundation, allowing guests to participate in safeguarding India's cultural heritage for future generations. Access to this specially curated experience is available only through the Times Black app, underscoring its premium positioning. The event will follow strict on-time entry guidelines, ensuring a seamless and well-orchestrated experience for all attendees. The collaboration highlights the unique positioning of the Times Black ICICI Bank Credit Card as more than a financial instrument—it serves as a gateway to extraordinary cultural experiences. Designed for discerning individuals who expect the exceptional, Times Black provides world-class concierge support and exclusive access to curated global experiences. Event Highlights at a Glance • Guided Tour of the historic Red Fort monument • Intimate Sufi performance by renowned artist Deveshi Sahgal • Spectacular light and sound showcase bringing history to life • Bespoke high tea menu curated by Indian Accent • Optional guided museum tour with expert historical insights • Heritage preservation contribution through Sabhyata Foundation About the Partners Times Internet is the largest Indian Internet Network and the digital venture of Times of India, India's largest media and entertainment group. TIL reaches over 600+ million unique visitors a month who collectively account for 67+ billion page views and 128+ billion minutes spent across web and mobile, with businesses across news, entertainment, sports, local, e-commerce, classifieds, startup investments, local partnerships, and more. Today, it has a diversified set of 35+ digital consumer-facing businesses. Sabhyata Foundation is dedicated to preserving and promoting India's rich cultural heritage through world-class experiences that showcase the grandeur of Indian history and culture. Apart from its partnership with Dalmia Bharat at the Red Fort, Sabhyata Foundation has adopted four iconic Delhi monuments - Purana Qila, Humayun's Tomb, Safdarjung Tomb, and Mehrauli Archaeological Park under the government's 'Adopt a Heritage 2.0' initiative to enhance visitor experiences. Times Black ICICI Bank Credit Card represents the pinnacle of premium banking, offering sophisticated cardholders unmatched access to exclusive lifestyle experiences, world-class concierge services, and curated cultural events. Indian Accent is renowned as the pioneering modern Indian restaurant worldwide, with its inventive approach seamlessly blending traditional flavours with contemporary techniques. The first outpost is located at The Lodhi, New Delhi and has won numerous accolades over the years, including featuring on Asia's 50 Best Restaurants list since 2013. It has been recognized by Time Magazine as one of the world's 100 greatest places and was voted India's No. 1 restaurant by La Liste for 2024 & 2025. Indian Accent opened a very successful outpost in New York in 2016 and in 2023 opened in Mumbai at the iconic Nita Mukesh Ambani Cultural Centre, bringing the signature Indian Accent flavours to the financial capital of the country. FnP Luxe: FNP has launched FNP Luxe, a premium gifting brand offering a curated collection of luxurious treasures like exotic flowers, gourmet cakes, artisanal gift hampers, and lush plants. FNP Luxe redefines gifting with a curated collection of opulent and meticulously crafted options. Each gift combines elegance and exceptional quality, thus elevating every thoughtful gesture. Booking Information Times Black ICICI Bank Credit Cardholders can secure their exclusive access through the Times Black app. Given the intimate nature of the venue and limited availability, early booking is strongly recommended. For more information about Times Black and its exclusive offerings, visit www.timesblack.in. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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