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    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    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)
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    August 7, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
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    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.

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      Gen Z Heroes: India’s Most Inspiring Young Activist, Writer and Innovator of 2025

      November 14, 2025

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      This Children’s Day, meet India’s most inspiring Gen Z changemakers - Manya Harsha, the eco-warrior; Manikya Sanghi, the mindful author; and Archit Patil, the teen innovator saving mothers’ lives.They truly represent the unstoppable spirit of India’s youth who are using their passion and purpose to build a better tomorrow. Their stories remind us that the future belongs to those who dare to dream big, act fearlessly, and inspire others along the way. MANYA HARSHA - The Gen Z Climate Warrior Turning Waste into Wonders At just 15, Manya Harsha from Bengaluru stands tall as one of India’s most inspiring Gen Z EcoHeroes, proving that age is no barrier to changing the world. Her innovative projects have redefined sustainability and inspired thousands of young minds to act for the planet.

      Manya is the visionary behind Grandma’s Green Weave, an initiative that transforms discarded sarees and bedspreads into beautiful, reusable eco-bags. By upcycling over 2,200 sarees and 230 bedspreads into 28,000 sustainable bags, she not only prevented more than 1.2 tons of textile waste but also empowered local tailors honoring her late grandmother’s eco-conscious spirit. Through her workshops, she has influenced over 25,000 participants, spreading climate awareness and sustainable living practices.

      During the lockdown, Manya turned adversity into innovation with her breakthrough DIY Vegetable Peel Paper. Using onion skins, corn husks, and pea pods, she created vibrant handmade paper that replaces tree-based paper, saving countless trees. Her creativity extended further when she began turning festival waste into paper and packaging wrappers into school stationery like eco-friendly brown-paper pens and seed pencils.

      Through her Back-to-School Workshops, Manya teaches children to make seed pencils and plantable stationery, ensuring sustainability begins at the school desk. As an author of nine nature-themed books and editor of the Sunshine Fortnightly environmental magazine, she continues to promote climate literacy and youth climate action.

      Guided by Swami Vivekananda’s words - “Youth are the pulse of the planet”, Manya Harsha embodies the voice of a generation determined to heal the Earth. Her message is clear and urgent: “The Earth is not for sale. We are the generation that will restore it.” MANIKYA SANGHI - 17 Year Old Bestselling Author, Polymath, and Meditation Practitioner At just 17, Manikya Sanghi is more than a best-selling teenage author—he is an internationally award winning polymath, philatelist, philanthropist and a visionary creator building a literary universe that blends epic fiction, life-skills education, and wisdom gained through meditation. Through his acclaimed Chronicles of Tierra series, award-winning novels, and over 21 books including innovative comics like City Without Water, Manikya’s storytelling goes beyond entertainment to empower and inspire readers of all ages.

      A dedicated meditation practitioner since early childhood, Manikya published his first book at just five and began conceiving Chronicles of Tierra during an advanced meditation session soon after his ninth birthday in 2017. What began as vivid stories in his mind evolved into Wizard (of Sansanadia)—the first novel of the saga—followed by Resurrection, Awakening, and more. His books are available globally across platforms including Pothi, Scholastic, Amazon, Flipkart, and Google Books.

      Manikya credits his creativity, focus, and academic excellence to the daily practice of Sidhshakti Meditations under the guidance of his honourable mentor, and world renowned Spiritual Scientist Sri Maa Sidh Sidhshakti Ji. Allowed on the basis of his solid inner progress at age nine, to advanced practices like Bright Future Meditation and Astral Travel Meditation, he believes these techniques have been the foundation of his clarity in life.

      Meditation, he says, is the silent force behind his transformation from a gifted child author into a polymath and conscious creator. It fuels his purpose—to use storytelling as a medium for upliftment, compassion, and self-realization.

      Through story telling and his other endeavours, Manikya proves that with the right guidance, positive lifestyle, and inner discipline, children can truly unfold their highest potential—and inspire the world through their actions rooted in awareness. You can follow him on Instagram @manikya.official ARCHIT PATIL - The Teen Innovator Revolutionizing Maternal Healthcare with His Life-Saving PPH Cup Archit Patil is a Gen Z hero whose empathy and ingenuity have translated into a life saving medical device for new mothers. Growing up with doctor parents who worked as a gynaecologist and an anaesthesiologist, Archit often accompanied them to the hospital and witnessed both surgical triumphs and the devastation of maternal deaths. That early exposure sparked his curiosity about postpartum haemorrhage and the glaring lack of a reliable method to measure blood loss during childbirth. Motivated to solve this critical gap, he conceived and developed the PPH cup, a device designed to provide precise, real time measurement of post delivery blood loss and to enable timely clinical intervention.

      The idea originated in grade six while working on a science project when he studied menstrual cups and repurposed a spare cup into a prototype using a metal mold. He refined the design with feedback from obstetricians in his parents’ network and subjected the device to safety and toxicity testing at the Indian Drugs Research Laboratory in Pune in March 2020. Made from medical grade silicone, the cup features two ports, one for attaching a blood collection bag and another for suction to remove clots, allowing clinicians to prevent atonic postpartum haemorrhage by maintaining an unobstructed drainage system. The device is reusable after autoclaving and has been adopted by more than fifty hospitals across India, where it is credited with saving mothers’ lives.

      Archit’s work earned him the Pradhan Mantri Rashtriya Bal Puraskar in 2021. He epitomises Gen Z leadership by combining compassion with technical creativity, by tackling a real world healthcare challenge, and by creating an affordable, scalable solution that protects lives.

      As we celebrate these Gen Z Heroes of India, it’s clear that the future is already taking shape in the minds and actions of our youngest changemakers. From eco-warrior Manya Harsha leading a sustainability revolution, to bestselling teenage author Manikya Sanghi inspiring readers through mindful storytelling, and teen innovator Archit Patil transforming healthcare with his life-saving PPH Cup, these young visionaries are redefining what it means to create, lead, and care in the 21st century. Their journeys remind us that India’s youth are not just the leaders of tomorrow. They are the innovators, activists, and creators shaping today. As the world watches this new wave of Gen Z innovation and compassion, one thing is certain: these young icons are building a brighter, greener, and more conscious future for all.

      (Note: This Children’s Day, 2025 The Update India and its partner platforms proudly recognise these extraordinary Gen Z achievers who have been selected after a careful evaluation of their authentic impact, social contribution, innovation, consistency of work, and the positive influence they create among young Indians. Manya Harsha, Manikya Sanghi, and Archit Patil were chosen because their contributions are not symbolic but deeply transformational. Each of them has demonstrated measurable change in their respective fields through dedication, originality, and a genuine desire to serve society. Whether it is sustainability, literature, personal development, or life-saving healthcare innovation, these young leaders embody the values that define India’s future. Their journeys prove that when passion meets purpose, age becomes irrelevant and the youth of India can lead the world with empathy, brilliance, and unstoppable determination.) (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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