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    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
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    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
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    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
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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.
    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.
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    August 6, 2026
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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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    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
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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.
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
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    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
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    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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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
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    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
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    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.

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      Govt approves Rs 4,645 cr for various mitigation projects in 9 states

      October 1, 2025

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      New Delhi, Oct 1 (PTI) A high-level committee headed by Union Home Minister Amit Shah on Wednesday approved a number mitigation, recovery and reconstruction projects for nine states having a total outlay of Rs 4645.60 crore, officials said.

      The projects will benefit Assam, Kerala, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh, Bihar, Chhattisgarh and Andhra Pradesh.

      To realise Prime Minister Narendra Modi's vision of a disaster-resilient India, the Ministry of Home Affairs (MHA) is providing all necessary support to the states and Union Territories, an official statement said.

      The committee, comprising Finance Minister Nirmala Sitharaman, Agriculture Minister Shivraj Singh Chouhan and the NITI Aayog vice-chairman as members, considered the proposal for financial assistance to states from the National Disaster Mitigation Fund (NDMF).

      The committee approved a plan for the restoration and rejuvenation of wetlands for Assam worth Rs 692.05 crore, the statement said.

      The implementation of this project will enhance wetland capacity, create flood storage, increase flood resilience, protect the aquatic environment and help economic growth through an improved fisheries infrastructure.

      Out of a total approved outlay of Rs 692.05 crore for the project, the Central share will be Rs 519.04 crore (75 per cent) and the state share will be Rs 173.01 crore (25 per cent).

      It includes projects for mitigation activities towards restoration and rejuvenation of 24 distinct wetlands in nine districts of Assam spread across the Brahmaputra river system, the statement said.

      Through a number of structural and other measures, the project in Assam will enhance the water retention capacity of wetlands/Beels and help mitigate the risk of flooding and erosion, the statement said.

      The approval is in line with the home minister's vision for the development of wetlands for conservation and flood mitigation in Assam.

      The project's long-term coverage is aimed at the entire length of Brahmaputra within Assam, and therefore this project would be taken up as a pilot scheme to establish a flood-proof Brahmaputra valley.

      The committee also approved the Urban Flood Risk Management Programme (UFRMP) Phase-2 for 11 cities -- Bhopal, Bhubaneshwar, Guwahati, Jaipur, Kanpur, Patna, Raipur, Trivandrum, Vishakhapatnam, Indore and Lucknow -- with a total financial outlay of Rs 2444.42 crore to be funded from the NDMF, the statement said.

      The 11 cities were selected on the basis of their status of being the most populous cities/state capitals, primarily prone to floods, as well as consideration of other physical, environmental, socio-economic and hydro-meteorological factors, the statement said.

      The programme will complement the states in mitigating the risk of urban flooding in the cities through uniform structural and non-structural intervention measures.

      The funding pattern will be on cost-sharing basis between the Centre and the states according to the NDMF guidelines, i.e., 90 per cent from the Centre and 10 per cent from the states.

      Additionally, out of the aforesaid 11 cities, the committee approved a programme designed for flood mitigation projects in Guwahati with a total outlay of Rs 200 crore, of which Rs 180 crore will be the Central share from the NDMF.

      The activities involved for the flood risk mitigation project for Guwahati ranges from structural measures of interlinking of water bodies to stormwater management, construction of flood protection wall, erosion control and soil stabilisation using nature-based solutions (NBS), etc., as well as non-structural measures such as flood early warning system, data acquisition system and capacity building, etc.

      Earlier, the Central government approved urban flood risk management programmes with an outlay of Rs 3075.65 crore for seven Metro cities -- Chennai, Mumbai, Kolkata, Ahmedabad, Hyderabad, Bengaluru and Pune.

      The Centre had also approved a number of mitigation projects for mitigating the risks of a number of hazards in the areas of landslides (Rs 1,000 crore), glacial lake outburst flood (Rs 150 crore), forest fire (Rs 818.92 crore), lightning (Rs 186.78 crore) and drought (Rs 2,022.16 crore).

      The committee also approved financial assistance of Rs 1270.788 crore for Assam and Rs 260.56 crore for Kerala for recovery and reconstruction activities/plans in the aftermath of the flood/landslide incidents of 2022 and the Wayanad landslide of 2024, respectively, the statement said.

      These recovery assistance programmes will help Assam and Kerala carry out recovery and reconstruction activities, triggered by the damage and destruction that occurred during the floods/landslides in 2022 and the Wayanad landslide in 2024, respectively.

      Earlier, the Centre approved recovery and reconstruction plans for Uttarakhand for Rs 1,658.17 crore in the aftermath of the Joshimath land subsistence, for Sikkim worth Rs 555.27 crore in the aftermath of the glacial lake outburst flood incident of 2023, and for Himachal Pradesh worth Rs 2,006.40 crore in the aftermath of the floods, landslides, and cloudburst incidents of 2023.

      The additional assistance is over and above the funds released by the Centre to the states under the State Disaster Response Fund (SDRF), which have already been placed at the disposal of the states.

      During the 2025-26 financial year, the Centre has released Rs 13,578.80 crore to 27 states under SDRF and Rs 2,024.04 crore to 12 states under NDRF, the statement said.

      In addition, the home minister has approved advance release of Rs 24.40 crore as second instalment of Central share of SDRF to Sikkim for the year 2025-26.

      Additionally, the Centre has released Rs 4,412.50 crore from the State Disaster Mitigation Fund (SDMF) to 21 states and Rs 372.09 crore from the National Disaster Mitigation Fund (NDMF) to nine states, the statement said. PTI ACB ARI ARI

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