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    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
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    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
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    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
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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.
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
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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.
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
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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.
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.
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
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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
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
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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.
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
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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.
August 6, 2026
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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.

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10 Icons Who Inspire Change: A Celebration of Vision, Commitment & Legacy

October 3, 2025

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Unveiled by Kiteskraft Productions LLP CHANDIGARH, India, Oct. 3, 2025 /PRNewswire/ -- Kiteskraft Productions LLP proudly honors ten exceptional people whose vision, dedication, and innovation are transforming India's educational landscape. More than teachers, they are mentors and changemakers—nurturing creativity, critical thinking, and social responsibility among students. Through their tireless efforts in academics, leadership, and community impact, these icons inspire generations to dream big and achieve more. This recognition celebrates their enduring legacy as true architects of progress and guiding lights for the nation's future. Avinash Shende and Sachin Pande: Pioneering Digital Finance with VGIL Avinash Shende and Sachin Pande, visionary leaders of Virtual Galaxy Infotech Limited (VGIL), have redefined fintech with cutting-edge AI-powered solutions in core banking, digital payments, ERP, and e-Governance. Founded in 1997, VGIL has steadily expanded across India and Africa, empowering financial institutions through innovation, efficiency, and inclusion. Its flagship products, E-Banker and V-Pay, have earned industry acclaim for transforming digital banking and payment ecosystems. As VGIL transitions into a public limited company, its leadership continues to champion emerging technologies, data-driven solutions, and customer-centric services. With nearly three decades of expertise and global presence, VGIL remains at the forefront of digital transformation, shaping the future of finance through innovation, scalability, and trust. Bhishma Madhani: Bhishma Madhani is a visionary fitness entrepreneur and internationally trained strength and conditioning coach whose mission blends elite sport with nation-building. With a B.Sc. in Sports and Exercise Science from London and now pursuing an M.Sc. in Sports Directorship, he combines scientific expertise with strategic leadership. His career includes coaching roles at Lord's Cricket Ground and Watford FC's U-19 team in England, shaping his world-class approach. Choosing service over comfort, he returned to India to raise its sporting culture. Today, he leads his premium brand Body Architect – BM and manages MV FITNESS – India's best premium gym, setting new standards in fitness and lifestyle. As an Ambassador of the Fit India Movement, he promotes accessible fitness, mentors athletes, supports the armed forces, uplifts underprivileged children, and champions animal welfare — embodying service-driven excellence and redefining what it means to be a modern fitness leader. Ranjeet Singh Nirvana: Ranjeet Singh Nirvana is a veteran hospitality leader with over 32 years of experience shaping premier hotels and resorts across India and abroad. Currently the General Manager at Rawla Sagrun, Kumbhalgarh, he has elevated the property into a top destination for luxury weddings and exceptional guest experiences. A graduate in Hotel and Tourism Management with a Master Diploma in Software Technology, he excels in pre-opening operations, project management, and staff training. His career spans leadership roles at Aranya Vilas Resort, Hotel Udai Kothi, and Sunway Hotel in China, where he introduced authentic Indian hospitality and cuisine. Known for hands-on leadership, financial acumen, and guest-centric innovation, he continues to set new standards of service, efficiency, and cross-cultural excellence in Indian hospitality. Sajin and SARA CONSTRUCTION & ENTERPRISES: At just 25, Er. Sajin stands as a dynamic young entrepreneur with an Innovative Businessman award and Emerging Entrepreneur of the Year 2025 award in India, he has turned challenges into opportunities through discipline, creativity, and determination. A civil engineer by profession, he embarked on his entrepreneurial journey in 2020. With guidance from his father and valuable corporate training at a leading real estate company, he sharpened both his technical skills and business acumen. This foundation gave rise to SARA CONSTRUCTION & ENTERPRISES, a name now synonymous with quality and timely delivery. In just a few years, the company has achieved an impressive annual turnover of ₹10 crores, establishing Sajin as an inspiring role model for aspiring engineers and entrepreneurs. Dr. C. Sujitha Deva Vishnu: Dr. C. Sujitha Deva Vishnu is a pioneering entrepreneur who blends academic brilliance with social responsibility. Holding dual master's degrees in power electronics and business management, she began as a professor and renewable energy researcher before shifting to organic farming after her marriage in 2017. Turning passion into enterprise, she built a thriving, eco-friendly business while promoting sustainability and innovation. During the pandemic, she led impactful food aid initiatives, reflecting her deep commitment to community welfare. Her exceptional contributions have earned her several national and international accolades and an honorary doctorate in Women Entrepreneurship from Universal Tamil University. Through resilience, integrity, and vision, Dr. Sujitha inspires women to pursue success with purpose, proving that passion and perseverance can transform challenges into achievements. Dr. Shahnawaz Alam: Dr. Shahnawaz Alam, a distinguished union leader and scholar from Jamshedpur, Jharkhand, has over 28 years of experience in industrial relations and labour welfare. Currently Vice President of Tata Workers' Union, Working President at JCAPCPL, and Secretary of Jharkhand INTUC, he is known for fostering dialogue between management and workers. A Ph.D. in Management, he also serves as visiting faculty at IIM Ranchi and XISS Ranchi. Dr. Alam has introduced reforms such as union constitutions, ISO auditor training, and the Tata Workers' Union Heritage Gallery, while promoting democratic elections and skill development programs. Internationally trained and widely published, he combines practical leadership with academic insight, empowering employees, advocating social inclusion, and shaping progressive labour practices across India's industrial landscape. Mrs. Sudha Gupta : Nearly three decades ago, when joyful, nurturing preschools were rare in India, Mrs. Sudha Gupta redefined early education with the launch of Mother's Pride in 1996, guided by the philosophy 'Love Blossoms Here'. Her vision expanded in 2005 with Presidium, a school that nurtures leadership, creativity, and individuality alongside academics. A celebrated life coach and parenting expert, she empowers parents and teachers while shaping young minds with love and purpose. Through books, media columns, and global speaking engagements, she continues to inspire modern parenting and education. Honored with prestigious awards including CNBC's Emerging India Award, the Golden Peacock Award, and FICCI's Outstanding Woman Entrepreneur, she now advances her latest initiative, 'The Guru is Here', fostering life skills for tomorrow's world. Dr. Rajesh Takyar: Dr. Rajesh Takyar, a celebrated author, entrepreneur, and spiritual thinker, embodies perseverance and purpose. At 71, he is creating a book series on the eighteen chapters of the Shrimad Bhagavad Gita, four of which are already complete. Known for works like Safalta Ka Rasta, Krishna Ek Satyagyan, and Inventing Dreams—winner of the Golden Book Award—he shares timeless wisdom drawn from Hindu scriptures with modern readers. A National Bharat Ratna Award and Best Author Award recipient, he also invented the world's first tea-making robot, the Hiarya Tea Robot, showcasing his innovative spirit. From overcoming financial struggles to global recognition, Dr. Takyar's journey unites spirituality and technology, inspiring future generations to pursue knowledge, resilience, and the belief that even the impossible can be achieved. Dr. Amisha Qaenaat Anand: Dr. Amisha Qaenaat Anand is emerging as a pioneer in the robotic industry with her groundbreaking innovation in medical and surgical robotics. She emphasizes that neuro-robotics is rapidly evolving, requiring constant innovation to ease patients' lives. Her revolutionary rehabilitation robot is shaping the future of neurological therapy by enhancing quality of life through precise control, therapy personalization, real-time progress monitoring, and interactivity. This innovation reduces the burden on therapists while accelerating recovery for patients with diverse neurological conditions. By integrating medical aid with robotics, Dr. Anand has created a versatile tool that makes rehabilitation more effective and efficient. Educated in London and the U.S., and innovating in Japan, she brings immense pride to India with her achievements. Abdul Sattar Sainudeen: Abdul Sattar Sainudeen, the visionary Founder and Director of Real English School, stands as a true trailblazer in the landscape of modern education. His institution created history in 2005 by becoming the world's first IMS-certified school, redefining benchmarks of quality and excellence in learning. The school has pioneered reforms by introducing Computer education right from grade one since 1993, CCTV surveillance, talkback systems, lightning arresters, safety training, firefighting equipment, and a website for the first time in Gujarat in 2001. Under his dynamic leadership, the school has won 106 international gold medals. Honored with eight national awards and an international gold medal, he continues, even at 67, to inspire with groundbreaking research that challenges Einstein's theory of relativity. About Kiteskraft Productions Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2788419/Kiteskraft_10_Icons.jpg' alt='Embedded Media' /> (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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