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    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
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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
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    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
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    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.
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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
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    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
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    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
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
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    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.
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
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    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.

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      Cabinet approves opening of 57 new Kendriya Vidyalayas, over 86,000 students to benefit

      October 1, 2025

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      New Delhi, Oct 1 (PTI) The Union Cabinet on Wednesday approved opening of 57 new Kendriya Vidyalayas (KVs) which would benefit over 86,000 students, Union minister Ashwini Vaishnaw said.

      Out of the 57 new KVs, seven will be sponsored by the Union Home Ministry, and the rest by state governments. Twenty of the newly approved KVs are proposed to be opened in districts where no KV presently exists despite a significant number of Central Government employees.

      "The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved opening of 57 new Kendriya Vidyalayas under Civil sector across the country to facilitate the educational needs of the wards of increased number of central government employees," Vaishnaw said at a press conference.

      The total estimated requirement of funds for establishment of the 57 new KVs is Rs 5862.55 crore spread over a period of nine years from 2026-27. This includes capital expenditure component of Rs 2585.52 crore and operational expenditure of Rs 3277.03 crore.

      Prime Minister Narendra Modi termed it a landmark step in expanding access to quality education.

      "The establishment of 57 new Kendriya Vidyalayas has been approved by the Cabinet. It is gladdening that KVs will include Balvatikas, nurturing children from the foundational stage. Several students will benefit, alongside the creation of many jobs," Modi said in a post on X.

      "This is in line with our commitment to inclusive growth, particularly in aspirational districts, the Northeast and other remote areas," he said.

      The Centre had approved the Scheme of KVs in November 1962 to provide educational facilities of uniform standard throughout the country to cater to the educational needs of wards of transferable and non-transferable employees of Central Government including Defence and Paramilitary forces.

      Consequently, "Central Schools Organization" was started as a unit of the Ministry of Education of the Government of India.

      "Opening of new KVs is a continuous process. The Ministry and KVs regularly receive proposals from various Sponsoring Authorities, including Central Government Ministries, departments, states and UTs for opening of new KVs.

      "These proposals are sponsored by the concerned sponsoring authority--state, UTs, Ministries, Departments of Central Government," an official statement said.

      There are 1,288 functional KVs at present including three abroad -- Moscow, Kathmandu and Tehran. The total enrolment of students is around 13.62 lakh.

      "Together with the earlier sanctioning of 85 KVs, the instant proposal responds to the high demand for KVs while balancing pan-India expansion. The CCEA has approved 7 KVs sponsored by the Ministry of Home Affairs and the remaining 50 by State and UT authorities," it said.

      "The 57 new proposals for Kendriya Vidyalayas reflect a strong commitment to reaching underserved and strategically important regions. The proposal demonstrates an approach, which anchors growth in the East while ensuring balanced representation across North, South, and West to strengthen inclusivity and national integration," the statement said.

      Continuing with the 85 KVs sanctioned in December 2024, in this proposal, 17 states and UTs are being covered.

      Among these 57 KVs, 20 are proposed to be opened in districts where no KV presently exists despite a significant number of Central Government employees.

      Furthermore, 14 KVs are proposed in aspirational districts, four KVs in LWE districts and five KVs in NER and hilly areas.

      "In continuation of sanction of 85 KVs accorded in December 2024, further 57 new KVs have been approved by prioritising those states which had not been covered since March 2019. It is worthwhile to note that as exemplar schools for National Education Policy (NEP) 2020, for the first time, these 57 KVs have been sanctioned with Balvatikas -- three years of foundational stage (pre-primary)," the statement said.

      The administrative structure for implementing the project will require creation of posts at par with the norms fixed by the Sangathan for running of one full-fledged KV with a capacity of approximately 1,520 students. Hence, 86,640 students would benefit, it said.

      As per norms in vogue, a full-fledged KV (from balvatika to class 12) provides employment to 81 persons and accordingly, with the approval of 57 new KVs, a total of 4,617 direct permanent employment opportunities will be created.

      Construction and allied activities associated with augmentation of various facilities in all KVs are likely to generate employment opportunities for many skilled and unskilled workers. PTI GJS NB

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