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    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)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
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    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
    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
    Show AI Summary
    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
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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
    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.
    August 6, 2026
    Show AI Summary
    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.

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      Democrats say Trump needs to be involved in shutdown talks; he's shown little interest in doing so

      October 17, 2025

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      Washington, Oct 17 (AP) President Donald Trump is showing little urgency to broker a compromise that would end the government shutdown, even as Democrats insist no breakthrough is possible without his direct involvement.

      Three weeks in, Congress is at a standstill. The House hasn't been in session for a month, and senators left Washington on Thursday frustrated by the lack of progress. Republican leaders are refusing to negotiate until a short-term funding bill to reopen the government is passed, while Democrats say they won't agree without guarantees on extending health insurance subsidies.

      For now, Trump appears content to stay on the sidelines.

      He spent the week celebrating an Israel-Hamas ceasefire deal he led, hosted a remembrance event for conservative activist Charlie Kirk and refocused attention on the Russia-Ukraine war. Meanwhile, his administration has been managing the shutdown in unconventional ways, continuing to pay the troops while laying off other federal employees.

      Asked Thursday whether he was willing to deploy his dealmaking background on the shutdown, Trump seemed uninterested.

      “Well, look, I mean, all we want to do is just extend. We don't want anything, we just want to extend, live with the deal they had,” he said in an exchange with reporters in the Oval Office. Later Thursday, he criticized Democratic health care demands as “crazy,” adding, “We're just not going to do it.” Spokesperson Karoline Leavitt told Fox News that Democrats must first vote to reopen the government, “then we can have serious conversations about health care.” Senate Majority Leader John Thune echoed that approach before leaving for the weekend, saying Trump is “ready to weigh in and sit down with the Democrats or whomever, once the government opens up”.

      Still, frustration is starting to surface even within Trump's own party, where lawmakers acknowledge little happens in Congress without his direction.

      Leaving the Capitol on Thursday, GOP Sen Lisa Murkowski said, “We're not making much headway this week.” For things to progress, Murkowski acknowledged Trump may need to get more involved: “I think he's an important part of it.” “I think there are some folks in his administration that are kind of liking the fact that Congress really has no role right now,” she added. “I don't like that. I don't like that at all.” Trump has not been slowed by the shutdown ------------------------------------------------- While Congress has been paralysed by the shutdown, Trump has moved rapidly to enact his vision of the federal government.

      He has called budget chief Russ Vought the “grim reaper,” and Vought has taken the opportunity to withhold billions of dollars for infrastructure projects and lay off thousands of federal workers, signalling that workforce reductions could become even more drastic.

      At the same time, the administration has acted unilaterally to fund Trump's priorities, including paying the military this week, easing pressure on what could have been one of the main deadlines to end the shutdown.

      Some of these moves, particularly the layoffs and funding shifts, have been criticised as illegal and are facing court challenges.

      A federal judge on Wednesday temporarily blocked the administration from firing workers during the shutdown, ruling that the cuts appeared politically motivated and were carried out without sufficient justification.

      And with Congress focused on the funding fight, lawmakers have had little time to debate other issues.

      In the House, Johnson has said the House won't return until Democrats approve the funding bill and has refused to swear in Rep.-elect Adelita Grijalva.

      Democrats say the move is to prevent her from becoming the 218th signature on a discharge petition aimed at forcing a vote on releasing documents related to the sex trafficking investigation into Jeffrey Epstein.

      So far, the shutdown has shown little impact on public opinion.

      An AP-NORC poll released Thursday found that 3 in 10 US adults have a “somewhat” or “very” favourable view of the Democratic Party, similar to an AP-NORC poll from September. Four in 10 have a “somewhat” or “very” favourable view of the Republican Party, largely unchanged from last month.

      Democrats want Trump at the table. Republicans would rather he stay out -------------------------------------------------------------------------------- Senate Minority Leader Chuck Schumer and House Democratic Leader Hakeem Jeffries have said Republicans have shown little seriousness in negotiating an end to the shutdown.

      “Leader Thune has not come to me with any proposal at this point,” Schumer said Thursday.

      Frustrated with congressional leaders, Democrats are increasingly looking to Trump.

      At a CNN town hall Wednesday night featuring Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders, both repeatedly called for the president's involvement when asked why negotiations had stalled.

      “President Trump is not talking. That is the problem,” Sanders said.

      Ocasio-Cortez added that Trump should more regularly “be having congressional leaders in the White House.” Democrats' focus on Trump reflects both his leadership style — which allows little to happen in Congress without his approval — and the reality that any funding bill needs the president's signature to become law.

      This time, however, Republican leaders who control the House and Senate are resisting any push for Trump to intervene.

      “You can't negotiate when somebody's got a hostage,” said South Dakota Sen. Mike Rounds, who added that Trump getting involved would allow Democrats to try the same tactic in future legislative fights.

      Trump has largely followed that guidance. After previously saying he would be open to negotiating with Democrats on health insurance subsidies, he walked it back after Republican leaders suggested he misspoke.

      And that's unlikely to change for now. Trump has no plans to personally intervene to broker a deal with Democrats, according to a senior White House official granted anonymity to discuss private conversations. The official added that the only stopgap funding bill that Democrats can expect is the one already on the table.

      “The President is happy to have a conversation about health care policy, but he will not do so while the Democrats are holding the American people hostage,” White House spokesperson Abigail Jackson said Thursday.

      A product of the Congress Trump has moulded --------------------------------------------------- In his second term, Trump has taken a top-down approach, leaving little in Congress to move without his approval.

      “What's obvious to me is that Mike Johnson and John Thune don't do much without Donald Trump telling them what to do,” said Democratic Sen Mark Kelly of Arizona.

      His hold is particularly strong in the GOP-led House, where Speaker Mike Johnson effectivelyowes his job to Trump, and relies on his influence to power through difficult legislative fights.

      When Republicans have withheld votes on Trump's priorities in Congress, he's called them on the phone or summoned them to his office to directly sway them. When that doesn't work, he has vowed to unseat them in the next election. It's led many Democrats to believe the only path to an agreement runs through the White House and not through the speaker's office.

      Democrats also want assurances from the White House that they won't backtrack on an agreement. The White House earlier this year cut out the legislative branch entirely with a $4.9 billion cut to foreign aid in August through a legally dubious process known as a “pocket rescission”.

      And before he even took office late last year, Trump and ally Elon Musk blew up a bipartisan funding agreement that both parties had negotiated.

      “I think we need to see ink on paper. I think we need to see legislation. I think we need to see votes,” said Ocasio-Cortez. “I don't accept pinky promises. That's not the business that I'm in.” Both parties also see little reason to fold under public pressure, believing they are winning the messaging battle.

      “Everybody thinks they're winning,” Murkowski said. “Nobody is winning when everybody's losing. And that's what's happening right now. The American public is losing.” (AP) SCY SCY

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