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    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)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
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    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
    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
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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.
    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
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    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
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    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
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    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
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    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
    Show AI Summary
    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.
    August 6, 2026
    Show AI Summary
    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
    Show AI Summary
    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
    Show AI Summary
    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
    Show AI Summary
    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
    Show AI Summary
    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
    Show AI Summary
    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.

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      Big 5 Global opens in Dubai as industry hails defining era of innovation in construction and urban development

      November 26, 2025

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      • ‘We have strengthened the readiness of the construction sector by updating regulatory frameworks, enabling the use of environmentally friendly building materials and expanding the adoption of smart technologies,’ MoEI tells Big 5 Global Leaders’ Summit • During a panel discussion focused on unlocking the power of geospatial data at the GeoWorld Summit, delegates hear that in Dubai the focus is always on balancing governance with quality of life • Day one product showcases include agentic AI ecosystems and a graphene-reinforced luxury concrete block with 24-karat gold finish Dubai, UAE, 26 November 2025: The 46th edition of Big 5 Global opened its doors today at Dubai World Trade Centre, bringing together international exhibitors, buyers and industry leaders for four days of product showcases, knowledge sharing and on-site collaboration, catering to the region’s $9.18 trillion construction projects pipeline (Source: Ventures Onsite). Day one set the pace with active halls, packed sessions and strong participation across all features. UAE Ministry of Energy and Infrastructure delivers opening keynote Industry leaders, economists and policymakers converged at the Big 5 Global Leaders’ Summit to examine how markets are shifting and what it will take to keep construction supply chains resilient. Delivering the opening keynote for the summit was His Excellency Eng Yousif Abdalla, Assistant Undersecretary for Federal Infrastructure Projects Sector at UAE Ministry of Energy and Infrastructure, who highlighted how cooperation between public and private sectors remains essential to delivering projects that support economic diversification and national resilience. “In the United Arab Emirates, we are committed to promoting the adoption of modern technologies in the construction sector and enabling a regulatory and economic environment that keeps pace with this progress,” he said. “We also encourage the use of environmentally friendly building materials, smart construction technologies and advanced data analytics in project management. “Big 5 Global comes at a critical moment, as countries and institutions move towards smarter cities, more resilient infrastructure and projects that are more efficient in their use of resources and energy. Here, Big 5 Global plays a vital role as a global meeting point that brings together experts, innovators and companies to showcase advanced engineering solutions, exchange expertise and develop partnerships that support the transition toward a more sustainable and adaptable built environment." ‘A defining era of industrial innovation’ In the opening executive dialogue, Asam Hussain, CEO of Arabian Gulf Steel Industries, joined Dr Nicholas Fearnley, Global Head of Construction Forecasting at Oxford Economics, for a candid assessment of the steel industry’s outlook. Their conversation addressed global demand trends, the shift towards low-carbon production models, and how locally sourced materials help reduce exposure to geopolitical and economic risks. “Verified Net Zero steel gives developers’ clarity on material choices,” Hussain said. “AGSI’s traceable, locally sourced production offers among the lowest-carbon performance globally and supports reliable supply as regional construction needs grow.” Angela Pernsteiner, Visionary Founder of Würth Professional Solutions, highlighted how transformational leadership and multi-generational business models are shaping new approaches to process efficiency, market positioning and strategic partnerships. "The Middle East is entering a defining era of industrial innovation, and both the UAE and Würth Professional Solutions share a bold vision for its future,” said Pernsteiner. “With Würth Professional Solutions, we are not just expanding our footprint, we are investing in the region’s long-term success. “The UAE offers a dynamic growth environment, and we bring heritage, global expertise, and applied solutions to unlock its full potential. Our family believes in building solutions that empower industries with precision, reliability, and future-ready engineering. Big 5 Global marks an important milestone in this journey, demonstrating how shared vision and strategic collaboration can drive innovation and lasting impact." Additional contributions throughout the day came from senior representatives of the Ministry of Public Works and Infrastructure South Africa, King Abdullah Financial District (KAFD), the Italian Trade Agency and Abu Dhabi’s DMT and ADPIC, highlighting themes of diversification and long-term planning. GeoWorld Summit discuss data governance At the GeoWorld Summit, experts examined governance frameworks for geospatial data and the standards required for responsible use over the next decade. Key topics included data privacy, accuracy, interoperability, regulatory alignment and how AI and machine learning can support better decision-making. Speaking on a panel session entitled Unlocking the Power of Geospatial Data: A Governance Framework for the Next Decade, Eng Maitha Al Nuaimi, Director of GIS Centre at Dubai Municipality, directly addressed the attending delegates, making it clear that the goal is always to improve the quality of life in the emirate while ensuring data security. Governance, she said, should never negatively affect quality of life, but rather enhance it regardless of whether that is for employees, residents, or visitors. Eng Heba Matar Khalifa Alnofeli, Head of Asset Registry and Governance Section at Abu Dhabi’s Department of Municipalities and Transport (DMT), added that data is fuel and the quality and safety of that data is key. Product launches and exhibitor highlights Day one also showcased a range of new products across building materials, smart technologies, tools, HVACR systems and finishing solutions. Exhibitors reported strong engagement from buyers seeking practical solutions that support cost efficiency, sustainability and project delivery. GIM Black & Gold, exhibiting for the first time, is displaying their graphene-reinforced luxury concrete block with 24-karat gold finish this week. Designed for architectural icons and exclusive projects, Dr Vivek Koncherry, CEO, Graphene Innovations Manchester Ltd, called the launch of GIM Black & Gold Flooring at Big 5 Global “a milestone” for the luxury materials market. “This patented 24k gold legacy surface delivers true uniqueness, scientific depth, and material excellence, perfectly aligned with the Middle East’s drive for innovation and iconic design. To preserve exclusivity, access will be limited.” Another new-to-market launch comes from Verosoft, a global provider of Enterprise Asset Management (EAM) solutions built on Microsoft Dynamics 365 Business Central. EAM is showcasing its latest innovation, mobiMentor AI, which is an agentic AI ecosystem designed to autonomously execute maintenance tasks, automate workflows, and support technicians with real-time, context-aware insights. Rounding off the day one product showcases was PlanRadar, a digital platform helping transform construction and real estate workflows by combining task management, reporting, and AI-powered insights. At Big 5 Global 2025, the company is showcasing SiteView 360°, its AI Assistant for automated reporting, reality capture and visual documentation and instant audit-ready reports designed for QA/QC, inspections, and regulatory compliance. “The opening day of Big 5 Global has certainly set the tone for the 2025 edition, spotlighting how industry transformation and the increasing adoption of technology and artificial intelligence is reshaping the way cities across the world are conceptualized, designed and built,” said Josine Heijmans, Senior Vice President, dmg events. Big 5 Global runs until Thursday, 27 November, at Dubai World Trade Centre, welcoming industry professionals daily from 10am to 6pm. Registration remains open on-site. – ENDS – About Big 5 Global With a 45-year legacy, Big 5 Global is the largest and most influential building and construction event in the Middle East, Africa and South Asia and the annual meeting hub for the global construction industry. Taking place from 24 – 27 November 2025, at the Dubai World Trade Centre, Big 5 Global attracts more than 85,000 global attendees from over 165 countries and 2,800 exhibitors to UAE covering the full construction and urban development cycle across dedicated sectors and nine specialized events enabling industry professionals to source worldwide building solutions for every stage of construction: Heavy, Totally Concrete, Marble & Stone World, Urban Design & Landscape, Windows, Doors & Facades, HVACR World, LiveableCitiesX, GeoWorld and Future FM. For more information and to register, visit: www.big5global.com For media inquiries, please contact: Deepra Ahluwalia, Action PR [email protected] | 971 56 477 0995 Nour Ibrahim, Action PR [email protected] | 971 54 425 0187 Khushie Mallya, PR Executive – Construction, dmg events [email protected] Ranju Warrier, Head of PR & Communications – Construction, dmg events [email protected] (Disclaimer: The above content is a press release and PTI takes no editorial responsibility for the same.). PTI

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