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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
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    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
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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.
August 6, 2026
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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
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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.

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Japan Bank for International Cooperation Governor Mr. Nobumitsu Hayashi led delegation visit to NICDC’s Flagship Industrial Park Dholera SIR, Gujarat

November 22, 2025

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JBIC Governor Appreciates World-Class Infrastructure; Expresses Strong Confidence in India’s Semiconductor Mission & Manufacturing Ecosystem

Dholera’s Social Infrastructure Expands as It Emerges as India’s Next Major Industrial and Semiconductor Hub

The Governor of the Japan Bank for International Cooperation (JBIC), Mr. Nobumitsu Hayashi, led a delegation to the National Industrial Corridor Development Corporation (NICDC) flagship industrial park, Dholera Special Investment Region (Dholera SIR), Gujarat, today to review the progress of India’s first and emerging Semicon City and assess the fast-advancing greenfield and ‘Plug-and-Play’ industrial infrastructure ecosystem. The visit comes at a time when India is witnessing unprecedented momentum in semiconductor manufacturing, with Dholera positioned at the forefront as the country’s most ambitious greenfield smart industrial city.

During the visit, JBIC Governor Mr. Hayashi appreciated the world-class planning, infrastructure readiness and strong governance framework of Dholera SIR. He expressed confidence in India’s semiconductor growth story and noted the rapid progress of the Tata Electronics Semiconductor Fabrication Facility. He stated that Dholera’s integrated systems, scalable utilities and future-ready infrastructure make it a globally competitive destination for advanced electronics and semiconductor investments.

The visit began at the ABCD Building, Dholera’s administrative and command centre, where the delegation reviewed the integrated planning framework, digital governance architecture and centralised utility management systems. The delegation then visited major utility installations, including the Integrated Command and Control Centre (ICCC), the Experience Centre and the Torrent Power 400 kV Substation, highlighting Dholera’s strong utility backbone and readiness for advanced manufacturing.

At the Tata Electronics Semiconductor Fabrication Facility in Dholera SIR, the delegation held discussions with Tata Group leadership and reviewed the 163-acre semiconductor fabrication plant being developed with an investment of ₹91,000 crore in partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC), Taiwan. The facility, India’s first commercial semiconductor fabrication plant, will commence production in 2027, manufacturing 50,000 wafers per month across 110 nm to 28 nm nodes and generating more than 20,000 high-skilled jobs. JBIC Governor Hayashi expressed optimism that the project would strengthen India–Japan technological collaboration and contribute to global semiconductor value chains.

The Chief Executive Officer and Managing Director of the National Industrial Corridor Development Corporation (NICDC), Shri Rajat Kumar Saini, briefed the delegation on the key features of Dholera SIR. The Managing Director of the Dholera Industrial City Development Limited (DICDL), Shri Kuldeep Arya, along with officials from NICDC and DICDL, was also present.

Japanese companies continue to expand their presence across NICDC industrial cities, reflecting strong confidence in India’s manufacturing ecosystem. The Toyota Group remains a major contributor with investments across multiple NICDC nodes covering more than 116 acres and exceeding ₹1,700 crore. The latest addition to the pipeline is NX Logistics India Private Limited, which has expanded operations from its 12.86-acre facility in Shendra (AURIC) to a new facility in Dholera, raising its total commitment to ₹86 crore and creating 400 jobs. Other Japanese companies, including Nippon Express, Nagata, Sango and Fuji Silvertech, are also scaling operations across logistics, component manufacturing and industrial infrastructure projects.

Dholera Industrial City has emerged as a key destination for strategic international engagements exploring opportunities in advanced manufacturing, semiconductors and smart industrial ecosystems. Recently, the Ambassador of Japan to India and Bhutan, Mr. Ono Keiichi, led a 70-member Japanese business delegation representing sectors such as semiconductors, electronics, machinery, infrastructure, logistics and financial services. The visit strengthened Japan’s engagement and reinforced Dholera’s position as a preferred destination for Japanese investors. Earlier, the Vice Governor of Iwate Prefecture, Japan, Mr. Jun Sasaki, along with representatives from the Japan International Cooperation Agency (JICA), visited Dholera on 04 September 2025 to explore collaboration opportunities in industrial development and high-technology manufacturing.

Over the past year, Dholera has hosted delegations from JBIC, the Japan Chamber of Commerce, the Japan External Trade Organization (JETRO), JICA, leading Japanese corporations and global investors. These engagements, along with continuous discussions with Japanese companies evaluating semiconductor, electronics system design and manufacturing (ESDM) and advanced manufacturing opportunities, highlight Dholera’s growing role in India–Japan industrial cooperation under the National Industrial Corridor Development Programme (NICDP).

Dholera is also developing into a complete smart industrial city supported by robust social infrastructure. Key facilities under development include a 200-bed multispeciality hospital, an integrated school, a guest house, a corporate hotel, an international tent city, a multi-cuisine food court and a fire station. Private developers are progressing with residential and commercial projects, including a mixed-use complex in the Activation Area with apartments, retail and business spaces.

With rapid infrastructure development, a strong pipeline of global investors and India’s most comprehensive semiconductor manufacturing ecosystem, Dholera is emerging as a major driver of India’s industrial transformation and a preferred hub for next-generation industries. The visit of JBIC Governor Hayashi reflects international confidence in Dholera’s capabilities and its strengthening role in global and India–Japan semiconductor value chains.

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