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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
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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.
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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 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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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.
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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.
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Customs & Trade

Brazil's judge orders Bolsonaro's arrest for allegedly plotting escape ahead of prison term

November 22, 2025

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Sao Paulo, Nov 22 (AP) Brazil's Supreme Court ordered the preemptive arrest of former President Jair Bolsonaro on Saturday, with a judge claiming he was intent on escaping just days before he was set to begin his 27-year prison sentence for leading a coup attempt.

The 70-year-old politician was taken to the headquarters of the country's federal police in the capital, Brasilia, from his house arrest.

Supreme Court Justice Alexandre de Moraes, who oversaw the case, said in his ruling that Bolsonaro's ankle monitor, which he has worn since July 18 for being deemed a flight risk, was violated at 0:08 am on Saturday.

“That information shows the intent of the convict to break the ankle monitoring to assure his escape is successful, which would be made easier by the confusion that would be caused by a demonstration organised by his son,” the justice said.

He said there was a chance of Bolsonaro fleeing to embassies in his neighbourhood to request political asylum. The Supreme Court justice also mentioned other defendants in the coup case and political allies of the former president, leaving Brazil to avoid jail.

The Supreme Court panel hearing Bolsonaro's case will vote on De Moraes' order in an extraordinary session on Monday.

De Moraes said Bolsonaro's arrest “should be made with all respect to the dignity of former President Jair Messias Bolsonaro, without the use of handcuffs and without any media exposition.” Bolsonaro's aide Andriely Cirino confirmed to The Associated Press that the arrest took place around 6 am on Saturday, only hours after de Moraes made the unexpected decision.

The former president was taken from his house in a gated community in the upscale Jardim Botanico neighbourhood to the federal police headquarters, Cirino said.

De Moraes mentioned in his ruling a video published this week by Sen. Flavio Bolsonaro, one of the former president's sons, in which he egged on supporters to take to the streets in his father's defence.

“The video shot by Flavio Bolsonaro stimulates the disrespect to the constitutional text, to the judicial decision and to (democratic) institutions, showing there are no limits for the criminal organisation in its attempt to create chaos and conflict in this country, in a total disrespect to democracy,” de Moraes wrote.

“Brazil's democracy has reached sufficient maturity to steer away and prosecute pathetic illegal initiatives to defend the criminal organisation that is responsible for a coup d'etat attempt in Brazil,” he added.

Bolsonaro's allies vow to defend him ------------------------------------------- Some of Bolsonaro's supporters, who claim he is being politically persecuted, are expected to rally outside the federal police headquarters throughout the weekend.

Sóstenes Cavalcante, leader of Bolsonaro's party in the lower house, said in a video shared with The Associated Press that the former president is innocent and accused de Moraes of showing “psychopathy at the highest level.” “We will always stand by your side. Stay strong,” he said, addressing Bolsonaro. “We will respond appropriately.” Former first lady Michelle Bolsonaro vowed on social media that they “will not give up on our nation.” “I believe in God's justice. Human justice, as we have seen, can't hold anymore,” she wrote on Instagram.

Fabio Wajngarten, Bolsonaro's former press adviser and lawyer, called the decision to arrest him “a terrible stain on the institutions” in a video posted on X. “It's a shame. I hope this is reviewed soon,” he said.

He also claimed that Bolsonaro's ankle monitoring device was working perfectly as of Saturday morning. “How could something that was broken, violated, be functioning normally nine hours later?” he wrote.

“The president had dinner — a soup — yesterday with four brothers and brothers-in-law, took medication for hiccups, felt drowsy and lay down around 10 p.m. None of his sons were at the house.” Renato Bolsonaro, the former president's brother, also criticised the arrest, saying in an Instagram video: “So we can't even gather to cry out for justice or pray for our president? Do they want to take away our right to express ourselves?” A divisive figure in Brazil's politics ----------------------------------------- Bolsonaro was placed under house arrest in early August, weeks before he was convicted in his coup trial. His lawyers were pleading with Brazil's Supreme Court to keep him at home to serve his sentence, citing his poor health.

Local media reported that Bolsonaro, who was Brazil's president from 2019 to 2022, was expected to begin serving his sentence sometime next week after the far-right leader exhausted all appeals of his conviction for leading a coup attempt.

Saturday's preemptive arrest does not mean Bolsonaro will remain at the federal police headquarters to serve his sentence. Brazilian law requires that all convicts start their sentences in prison.

The former president and several of his allies were convicted by a panel of Supreme Court justices for attempting to overthrow Brazil's democracy following his 2022 election loss to President Luiz Inacio Lula da Silva. Prosecutors said the coup plot included plans to kill Lula and to encourage an insurrection in early 2023.

Bolsonaro was also found guilty on charges of leading an armed criminal organisation and attempting the violent abolition of the democratic rule of law. Bolsonaro has denied wrongdoing.

He remains a key figure in Brazilian politics, despite being ineligible to run again at least until 2030, after a separate ruling by Brazil's top electoral court. Polls show he would be a strong candidate in next year's vote if allowed to run.

Bolsonaro is an ally of US President Donald Trump, who has called his trial a “witch hunt.” Bolsonaro was mentioned in a July order by the US administration raising tariffs on several Brazilian exports by 50 per cent. Trump on Friday dropped most of the higher tariffs on Brazilian exports. (AP) SKS SKS

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