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    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
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    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
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
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    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
    China's exports slow slightly in July despite robust demand for high-tech products
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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.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    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.
    August 7, 2026
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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.
    August 7, 2026
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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.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    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.
    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.

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      A Global Stage, Infinite Echoes: 2025 Chery International User Summit Co-Creates a Sustainable Future

      October 25, 2025

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      WUHU, China, Oct. 25, 2025 /PRNewswire/ -- As carbon neutrality becomes a global consensus and intelligent transformation reshapes industries, the automotive value chain is undergoing a profound shift—from hardware-driven competition to ecosystem co-creation. At this historic juncture, the 2025 Chery International User Summit built an open global platform, becoming a focal point for the entire industry. With its core theme "Co-Create • Co-Define," the summit served not only as a showcase of Chery's global achievements but also as a declaration of future mobility. Positioned as a pioneer in smart and green mobility, Chery is reshaping industry boundaries through user co-creation and shared value—offering systematic, sustainable solutions that unite people, vehicles, and nature.

      Shared Green Vision: Turning Commitment into Global Action In response to global climate and resource challenges, Chery Group integrates ESG into its core strategy and decision-making, setting an example of responsible growth. Chery has evolved from product export to cultural and lifestyle co-creation, building a sustainable global community.

      During the summit, the upgraded Chery Global ESG Advisory Alliance was officially launched under the witness of international dignitaries, marking a new phase of global ESG collaboration for Chery.

      Led by Mr. Ban Ki-moon, the 8th Secretary-General of the United Nations and Chery Global ESG Honorary Advisor, the Alliance brings together leading figures from international sustainability organizations and industrial chain partners.

      Their participation injects cutting-edge global insight and strong professional support into Chery's ESG strategy—demonstrating the company's determination to lead the industry in ESG standard-setting and to advance large-scale sustainable mobility worldwide." During the summit, Mr. Ban Ki-moon remarked: "In today's changing world, we need vital leadership from all sectors to help transcend the pressing challenges we are facing. Against this backdrop, I believe that Chery's commercially successful ESG practices could offer a viable new path for the larger automotive industry to forge win-win victories for both business and societal value." Mr. Ban Ki-moon particularly emphasized: "Chery's concrete actions – such as establishing 'Green Factories', developing advanced new energy technologies, building a responsible supply chain, and supporting education – show how broad goals translate into tangible steps, demonstrating timely corporate citizenship. I firmly believe that this shared commitment, and dynamic convergence exemplifies the guiding spirt: 'actions speak louder than words'." At the summit, Chery Group and UNICEF jointly announced a renewed three-year strategic partnership, with an additional USD 6 million commitment to create inclusive, healthy, and safe learning environments for children worldwide.

      Meanwhile, Chery will further strengthen its partnership with the International Union for Conservation of Nature (IUCN) through the global "Cherish the Nature" initiative, advancing Nature-based Solutions (NbS) as a cornerstone of its sustainable growth strategy- demonstrating how environmental protection can drive lasting economic and social value.

      As the first Chinese automaker (with its first vehicle model) to receive the Sino-Europe Automotive Carbon Footprint Mutual Recognition Certificate, Chery's ESG system—built on three pillars: low-carbon transformation and nature-positive action, value chain co-creation, and integrity-driven growth—is turning sustainability from corporate vision into measurable, industry-wide practices.

      Technology as the Foundation: Innovation with a Human Touch A solid technological foundation has always been the core strength of Chery Group's sustainable growth. Amid industry transformation, Chery remains committed to its "Technology-Oriented" strategy—pioneering a path of innovation that is both eco-friendly and value-driven, empowering the global automotive sector toward a sustainable future.

      During the summit, more than ten breakthrough technologies were unveiled, including the next-generation hybrid engine, humanoid robots, intelligent digital chassis, amphibious mobility systems, autonomous driving large models, and flying mobility platforms. The AiMOGA Robotics made its independent debut, astonishing audiences by autonomously performing tasks such as pouring juice and assisting as an award presenter—demonstrating its full potential as a reliable, human-centered intelligent companion.

      These technological breakthroughs stem not only from years of engineering expertise but also from the synergistic power of Chery's global R&D network. This open and forward-looking global innovation system continues to fuel "Technology Chery," while serving as a driving force for the global automotive industry's green and intelligent transformation.

      Co-Creation and Shared Value: When Users Become Product Designers If technology is the backbone of Chery's progress, then user co-creation is its soul.

      At the summit, more than 3,000 representatives from Chery's 17.72 million global users took part as true "product managers," deeply engaging in defining the brand's meaning and future direction. Throughout the venue, users from diverse countries exchanged stories about their journeys with Chery. They tested vehicles on professional tracks, shared feedback in design workshops, witnessed automation at Chery's Smart Factory in Changshu, and even co-created at the world's first LEPAS Global Boutique Store—all while echoing the OMODA&JAECOO spirit: "My car, my definition!" "We are not here to listen to stories—we are here to write them," said a dealer from Brazil at the User Festival. From design customization to user rights, from smart cabin UX to service processes—user feedback is now systematically gathered, refined, and applied to Chery's product development and brand evolution. No matter who they are or where they come from, every user shares the same goal—to build better vehicles. Co-creation has thus become the new starting point of Chery's innovation journey.

      From Explorer to Leader: The Time for Evolution Is Now The 2025 Chery International User Summit was not only a celebration of technology and ecosystem innovation but also a profound practice of co-creation, co-definition, and co-prosperity with users.

      As Mr. Yin Tongyue, Chairman of Chery Automobile Co., Ltd. (9973.HK), noted, under the guidance of the "In somewhere, For somewhere, Be somewhere" globalization strategy, Chery Group hope to develop low-carbon and zero-carbon technologies by collaborating with more global partners. It seeks to fulfill its responsibility as a global corporate citizen through practical actions, forming a new global paradigm of shared technology, co-created value, and mutually beneficial growth, ultimately to do good to human beings.

      From an automaker to a creator of intelligent mobility ecosystems, Chery is transforming its sustainability commitments into measurable and tangible practices—together with global users, at a pivotal moment for the industry.

      (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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