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    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
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    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
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    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
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    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
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    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
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    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
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    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
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    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    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.
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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.
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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.
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
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    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
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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.

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      Israel, Hamas will exchange hostages, prisoners after agreeing to pause in war in Gaza

      October 9, 2025

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      Cairo, Oct 9 (AP) Israel and Hamas have agreed to a pause in their devastating two-year war and the release of the remaining hostages in exchange for Palestinian prisoners — a breakthrough greeted with joy and relief Thursday but also caution.

      Uncertainty remains about aspects of the broader peace plan advanced by the administration of US President Donald Trump — such as whether and how Hamas will disarm and who will govern Gaza.

      But the sides appear closer than they have been in months to ending a war that has killed tens of thousands of Palestinians, reduced much of Gaza to rubble, brought famine to parts of the territory, and left dozens of hostages, living and dead, in Gaza.

      The war, which began with Hamas' deadly attack on Israel on October 7, 2023, has also triggered other conflicts in the region, sparked worldwide protests and led to allegations of genocide that Israel denies.

      Even with the agreement expected to be signed later in the day, Israeli strikes continued, with explosions seen Thursday in northern Gaza. There were no immediate reports of damage or casualties.

      An Israeli military official who spoke on the condition of anonymity in line with military guidelines said that Israel was continuing to hit targets that posed a threat to its troops as they reposition.

      In the southern Gaza city of Khan Younis, celebrations were relatively muted and often coloured by grief.

      “I am happy and unhappy. We have lost a lot of people and lost loved ones, friends and family. We lost our homes," said Mohammad Al-Farra. "Despite our happiness, we cannot help but think of what is to come. ... The areas we are going back to, or intending to return to, are uninhabitable.” In Tel Aviv, families of the remaining hostages popped champagne and cried tears of joy after Trump announced a deal late Wednesday.

      In Jerusalem on Thursday, Sharon Canot celebrated with some others.

      “We are so excited this morning, we cried all morning," she said. “It's been two years that we are in horror.” Under the terms, Hamas intends to release all living hostages in a matter of days, while the Israeli military will begin a withdrawal from the majority of Gaza, people familiar with the matter told The Associated Press on condition of anonymity to discuss details of an agreement that has not fully been made public. Some 20 of the 48 hostages still in captivity are believed to be alive.

      In a short video posted by US Commerce Secretary Howard Lutnick, Trump was seen speaking by phone to a group of elated hostage families.

      “The hostages will come back,” said Trump, who is expected in the region in the coming days. “They are all coming back on Monday.” Israeli Prime Minister Benjamin Netanyahu plans to convene his Security Cabinet late Thursday to approve the ceasefire, and the entire parliament will then meet to approve the release of Palestinian prisoners.

      Far-right Israeli Finance Minister Bezalel Smotrich, who has opposed previous ceasefire deals, said he had “mixed emotions.” While he welcomed the return of the hostages, he said he had “immense fear about the consequences of emptying the jails and releasing the next generation of terrorist leaders” and called for Israel to continue trying to eradicate Hamas and ensure Gaza is demilitarised once the hostages are released.

      Hamas, meanwhile, called on Trump and the mediators to ensure that Israel implements “without disavowal or delay” the troop withdrawal, the entry of aid into Gaza and the exchange of prisoners.

      How the deal will unfold The deal being submitted to Israel's parliament and then expected to be signed in Egypt will include a list of prisoners to be released and maps for the first phase of an Israeli withdrawal to new positions in Gaza, according to two Egyptian officials briefed on the talks, a Hamas official and another official.

      Israel will publish the list of the prisoners — and victims of their attacks have 24 hours to lodge objections.

      The withdrawal could start as soon as Thursday evening, said the officials, who spoke on condition of anonymity because they were not authorised to be publicly named speaking about the negotiations.

      As Trump indicated, the hostage and prisoner releases are expected to begin Monday, the officials from Egypt and Hamas said, though the other official said they could occur as early as Sunday night.

      Five border crossings would reopen, including the Rafah crossing between Gaza and Egypt, allowing 400 trucks in the initial days and increasing to 600 trucks after that, the Egyptian and Hamas officials said.

      The Trump peace plan calls for Israel to maintain an open-ended military presence inside Gaza, along its border with Israel. An international force, comprised largely of troops from Arab and Muslim countries, would be responsible for security inside Gaza. The US would lead a massive internationally funded reconstruction effort.

      The plan also envisions an eventual role for the Palestinian Authority — something Netanyahu has long opposed. But it requires the authority, which administers parts of the West Bank, to undergo a sweeping reform programme that could take years.

      The Trump plan is even more vague about a future Palestinian state, which Netanyahu firmly rejects.

      Some 1,200 people were killed in the Hamas-led assault that triggered the war, and 251 were taken hostage.

      In Israel's ensuing offensive, more than 67,000 Palestinians have been killed in Gaza and nearly 170,000 wounded during the war, according to Gaza's Health Ministry, which doesn't differentiate between civilians and combatants but says around half of the deaths were women and children.

      The ministry is part of the Hamas-run government, and the United Nations and many independent experts consider its figures to be the most reliable estimate of wartime casualties.

      Relief at a deal Even with many details yet to be agreed, many expressed relief at the progress.

      Beginning Wednesday night and continuing into Thursday, joyful relatives of hostages and their supporters spilled into Tel Aviv's central square, which has become the main gathering point in the effort to free the captives. Many sang and danced as they waved Israeli and American flags.

      Einav Zangauker, the mother of Israeli captive Matan Zangauker, told reporters that she wants to tell her son she loves him.

      “If I have one dream, it is seeing Matan sleep in his own bed,” she said.

      From the central Gaza city of Deir al-Balah, Alaa Abd Rabbo called the announcement “a godsend.” “This is the day we have been waiting for,” said Abd Rabbo, who was originally from northern Gaza but was forced to move multiple times during the war. “We want to go home.” This would be the third ceasefire since the start of the war. The previous two also saw hostages and prisoners exchanged. Israel ended the most recent ceasefire, which started in January, with a surprise bombardment in March.

      Ayman Saber, a Palestinian from Khan Younis, said he plans to return to his home city and try to rebuild his house, which was destroyed last year by an Israeli strike.

      “I will rebuild the house, we will rebuild Gaza,” he said. (AP) GRS GRS

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