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    Rupee settles with 5 paise gain at 95.17 against US dollar
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    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
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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.
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.

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Customs & Trade

Techtextil India 2025: Weaving India's Journey Toward Global Functional Textile Leadership

November 13, 2025

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Mumbai, Maharashtra, India – Business Wire India In line with India’s growing momentum to establish itself as a global textile manufacturing powerhouse, Techtextil India 2025, the country’s foremost B2B exhibition on technical textiles, nonwovens and composites, is set to return with an expansive and future-ready edition. Scheduled from November 19 to 21, 2025, at the Bombay Exhibition Centre, Goregaon, Mumbai, the 10th edition will feature over 215 exhibitors, including more than 100 first-time participants. According to the Ministry of Textiles, India’s technical textiles exports stood at USD 2.92 billion in FY 2024–25, underscoring the sector/s growing global footprint. Packtech at 37.5% and Indutech at 28% emerged as the leading export categories, reflecting strong demand across industrial and packaging applications. With exports to the UK valued at USD 136 million, accounting for a 4.7% share, the data highlights India’s strengthening position in global value chains – setting the stage for platforms like Techtextil India that drive innovation, business and exchange of scientific knowledge for this high-growth segment. The expo will house 500+ products and 300+ brands with international participation from Belgium, Germany, Hong Kong, Italy, Japan, Sweden and the USA. The integration of advanced manufacturing technologies, sustainability practices, focus on circularity and innovative fibers has become a necessity. Techtextil India 2025 plays a crucial role in driving this evolution by bringing together stakeholders across the value chain, fostering dialogue on policy and technology and accelerating industry-wide transformation. This year, the show takes a significant leap forward with its multi-functional approach, integrating new features under one roof — the Dornbirn Global Fiber Conference Asia, which will be held on 18th November 2025, the launch of Sporttech Pavilion, the feature of German Pavilion and a Techtextil India conference powered by Indian Technical Textile Association (ITTA). Together, these additions will enable participants to explore advanced applications of technical textiles across various sectors, including sports, automotive, defence, healthcare, construction, and sustainability. India’s textile industry is undergoing a transformative shift driven by government reforms and industry-led innovation. Acknowledging the sector’s pivotal role in the national economy, the Ministry of Textiles has recently introduced significant amendments to the Production Linked Incentive (PLI) Scheme for Textiles, with a focus on revitalising the man-made fiber (MMF) and technical textiles segments. The revision aims to enhance ease of doing business, attract new investments and generate employment, while aligning with the government’s broader vision of ‘Make in India’ and ‘Atmanirbhar Bharat’. These progressive measures underline the government’s commitment to fostering innovation, investment and employment generation within the sector — setting the stage for India to emerge as a global leader in high-performance textile manufacturing. Commenting on the upcoming edition, Mr Raj Manek, Executive Director and Board Member, Messe Frankfurt Asia Holdings Ltd, stated: “The Indian textile industry is witnessing a remarkable transformation driven by government support, technological innovation and global demand for sustainable materials. Techtextil India 2025 will not only showcase the latest in technical textiles and nonwovens but also serve as a knowledge-driven hub connecting policy with practice. Our new initiatives – the Dornbirn Global Fiber Conference Asia, Sporttech Pavilion, German Pavilion and ITTA Technical Textiles Seminar – align perfectly with the nation’s textile growth mission, enabling participants to explore next-generation materials, solutions and business collaborations. We are proud to support India’s vision of becoming a global textile powerhouse.” The Dornbirn Global Fiber Conference Asia, which is known for its focus on research-driven fiber innovation, will make its India debut, just a day before the expo on 18th November 2025, at Bombay Exhibition Centre, Mumbai, marking a perfect prelude for Techtextil India 2025. On 19th November 2025, the Techtextil Symposium will feature various knowledge sessions under themes like ‘Smart Solutions for Key Segments of Technical Textiles,’ organised by the Indian Technical Textile Association (ITTA). Focusing on innovations and practical applications in geotextiles, agrotextiles and industrial textiles, this will provide a platform to interact with leading experts. On Day 3, the conference organised by the Society of Plastics Engineers (SPE) India will explore ‘Creating Tomorrow’s Circular Supply Chains: Technology, Collaboration & Capital for Tech Textiles and Plastics.’ The show will present credible developments in the fabrics for sports and activewear (Sporttech) category, leading to a dedicated Sporttech Pavilion organised in partnership with Concept N Strategies. A dedicated conference titled – ‘India’s activewear revolution scaling without compromise: Building a 360-degree ecosystem for premium, high-quality active wear that competes globally’ will spotlight high-performance fabrics and materials revolutionising sportswear and outdoor applications. The show will also house a conference on recycling, ‘Creating tomorrow’s circular supply chains: Technology, collaboration and capital for textiles and plastics.' Besides these key features, the expo has seen an expansion into Mobiltech, Buildtech and Oekotech segments. Through these categories, the exhibition aims to connect manufacturers, technology providers, investors and policymakers under one unified platform to share insights, explore business opportunities and discuss the future of advanced textile materials. The event’s focus on innovation, sustainability and collaboration complements the national agenda of achieving self-reliance and global competitiveness in textiles. The show will have the presence of key domestic industry leaders, including Aditya Birla Yarns, Khosla Profil, Park Nonwoven, Pidilite, Reliance, Welspun, Sanathan Textiles, Sarex Chemicals, and Suntech Geo. Meanwhile, the international exhibitors include ACM, Inc., Autefa Solution Germany GmbH, Bettarini & Serafini SRL, Brückner Textile Technologies GmbH & Co. KG, Georg Sahm GmbH & Co. KG, Innovatec Microfiber Technology GmbH & Co. KG, Procotex, Pulcra Chemicals GmbH, R&M International Sales Corporation, Reifenhäuser Enka Tecnica GmbH, Ring Maschinenbau GmbH, STC Spinnzwirn GmbH, Textechno Herbert Stein, VEIT Hong Kong Limited and Zoltek. As high-value, sustainable and globally competitive textile production is receiving renewed focus, the synergy between government initiatives and industry platforms such as Techtextil India 2025 will continue to strengthen India’s leadership in the global textile landscape. The show has become synonymous with India’s textile ambition — weaving together innovation, collaboration and opportunity to create a more resilient, future-ready industry. The expo has garnered support from key industry bodies, including the Manmade & Technical Textiles Export Promotion Council (MATEXIL), Indian Technical Textile Association (ITTA), Department of Textiles (Government of Maharashtra), while the Dornbirn Global Fiber Conference has garnered support from the Government of Tamil Nadu as the Partner State. Techtextil India is part of Messe Frankfurt’s Texpertise Network. Press information and photographic material: www.techtextil-india.in.messefrankfurt.com For more information about the international textile sector and Messe Frankfurt's global textile events visit: www.texpertise-network.com Background information on Messe Frankfurt www.messefrankfurt.com/background-information Sustainability at Messe Frankfurt www.messefrankfurt.com/sustainability-information For More Updates, follow us on: www.linkedin.com/showcase/texpertise-network https://www.instagram.com/techtextil_india/ https://www.facebook.com/techtextilIND https://www.linkedin.com/showcase/techtextil-india/ To View the Image, Click on the Link Below: Techtextil India 2025 to be held at Bombay Exhibition Centre, Mumbai from 19 – 21 November 2025 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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