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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    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...
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    August 7, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    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
    Show AI Summary
    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
    Show AI Summary
    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
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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
    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.

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      HIGHLIGHTS

      December 2, 2025

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      New Delhi, Dec 2 (PTI) Following are the top stories at 1 pm: NATION DEL10 OPPN-PAR-PROTEST (11.22 AM)

      Kharge, Sonia, Rahul, other opposition MPs protest against SIR in Parliament complex New Delhi: Several opposition leaders, including Congress president Mallikarjun Kharge and former party chiefs Sonia Gandhi and Rahul Gandhi, on Tuesday staged a protest in the Parliament House complex against the SIR and demanded a discussion on electoral reforms.

      DEL11 TELECOM RULES-PRIYANKA (11.29 AM)

      Turning country into dictatorship: Priyanka on DoT direction to pre-install app in new phones New Delhi: With the Department of Telecom asking mobile phone makers to pre-install Sanchar Saathi application in new handsets, Congress leader Priyanka Gandhi Vadra on Tuesday described it as a "snooping app" and alleged that the government is turning the country into a dictatorship.

      DEL9 CONG-TELECOM RULES-CHOWDHURY (10.59 AM)

      Cong MP moves adjournment notice on Sanchar Saathi application issue New Delhi: Congress MP Renuka Chowdhury has filed an adjournment motion notice in the Rajya Sabha seeking suspension of business to discuss the government's directions on installation of the Sanchar Saathi App in new mobile handsets.

      DEL17 ED-BETTING APP-ACTOR (12.18 PM)

      ED questions actor Neha Sharma in online betting app case New Delhi: Model and actor Neha Sharma on Tuesday appeared before the Enforcement Directorate for questioning in a money laundering case linked to online betting platform 1xBet, officials said.

      DEL16 DEF-NAVYCHIEF (12.16 PM)

      Operation Sindoor remains in progress: Navy chief New Delhi: Navy chief Admiral Dinesh K Tripathi on Tuesday said his force's aggressive posturing during Operation Sindoor in May forced Pakistan Navy to remain close to their ports.

      CAL6 BH-ASSEMBLY-SPEAKER (11.33 AM)

      BJP leader Prem Kumar unanimously elected Speaker of Bihar assembly Patna: Veteran BJP leader Prem Kumar was on Tuesday unanimously elected as the Speaker of the Bihar assembly.

      MDS18 KA-SIDDARAMAIAH-2NDLD DKS (12.41 PM)

      Shivakumar will become CM when Cong high command decides, we are united: Siddaramaiah Bengaluru: Asserting that there are no differences between him and his deputy D K Shivakumar, Karnataka Chief Minister Siddaramaiah on Tuesday said that they both are running the government unitedly, and will continue to do so in the future too.

      CAL7 WB-ADHIKARI-SIR (11.50 AM)

      Bengal LoP alleges bid to retain dead voters in rolls; TMC says valid documents needed for deletion Kolkata: Leader of the Opposition in West Bengal Assembly, Suvendu Adhikari, on Tuesday accused the state administration of attempting to retain the names of deceased voters in the electoral rolls during the ongoing Special Intensive Revision (SIR), alleging a coordinated effort involving officials and local strongmen.

      DEL18 LS-BENGAL-FISHERIES (12.21 PM)

      Bengal govt did not implement Central fisheries scheme for 2 years: govt New Delhi: The West Bengal government did not implement the PMMSY central scheme for fisheries for two years and has spent only Rs 58.51 crore of the sanctioned amount, Union Minister for Fisheries Rajiv Ranjan Singh informed the Lok Sabha on Tuesday.

      DEL8 CONG-HERALD (10.10 AM)

      Judiciary will see through this political vendetta: Congress on fresh FIR in Herald case New Delhi: The Congress on Tuesday attacked the Modi government over the filing of a fresh FIR in the National Herald case and said it is confident that the judiciary will see through this "political vendetta and mindless attempts to hound".

      BOM5 MH-LOCAL POLLS-TURNOUT (11.49 AM)

      7.94 pc turnout till 9.30 am in Maharashtra local polls; 2 'bogus' voters caught, claims Cong Mumbai: An estimated 7.94 per cent of voters exercised their franchise in the first two hours of polling on Tuesday for elections to 264 municipal councils and nagar panchayats in Maharashtra, officials said.

      CAL3 TR-CM-EXFILTRATION (10.07 AM)

      Tripura now witnessing exfiltration: CM Agartala: Tripura Chief Minister Manik Saha said the northeastern state, which is surrounded by Bangladesh on three sides, is now witnessing exfiltration instead of infiltration from across the international border.

      MDS4 TL-THREAT-FLIGHT-DIVERSION (10.31 PM)

      Hyderabad-bound IndiGo flight diverted to Mumbai due to bomb threat, lands safely Hyderabad: A Kuwait-Hyderabad IndiGo flight was diverted to Mumbai on Tuesday following a bomb threat email, police said here.

      LEGAL LGD6 SC-DELHI RIOTS-BAIL (12.10 PM)

      Police claim of 'regime change operation' not in chargesheet: Gulfisha Fatima to SC New Delhi: Stressing that she cannot be subjected to "endless custody", activist Gulfisha Fatima, seeking bail in the February 2020 riots case, told the Supreme Court on Tuesday that Delhi Police's claim of a coordinated “regime change operation” finds no mention in its chargesheet.

      LGD5 SC-RIL-SEBI (12.05 PM)

      Jio-Facebook deal: SC rejects plea of RIL against SAT order imposing Rs 30 lakh fine New Delhi: The Supreme Court on Tuesday dismissed an appeal of Reliance Industries Limited and two of its officials against a decision of the Securities Appellate Tribunal, which had upheld a penalty imposed by markets regulator SEBI for not making prompt clarification to stock exchange about the Jio-Facebook deal.

      BUISNESS DEL12 BIZ-TAX-FM (11.42 AM)

      Digitalisation, new financial products call for timely global tax info exchange: Sitharaman New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said with the growing digitalisation of the economy and emergence of new financial products, countries globally will have to cooperate with timely exchange of information, while ensuring fairness and public trust in the tax system.

      FOREIGN FGN10 BANGLA-ZIA (12.29 PM)

      Security tightened at Dhaka hospital as Chinese medics join efforts to treat critically ill Zia Dhaka: Security was tightened around Bangladesh's former prime minister Khaleda Zia on Tuesday as a specialist medical team from China joined efforts to treat the ailing politician, who remains in a highly critical condition at a private hospital in Dhaka.

      FGN17 LANKA-DISASTER-INDIA (12.12 PM)

      Indian forces evacuate 9-month pregnant woman in flood-hit Lanka amidst intensified rescue ops Colombo: A nine-month pregnant woman was safely evacuated and provided urgent medical care by India's disaster response force in Sri Lanka, as New Delhi intensified rescue and relief operations across the cyclone-hit island nation, the Indian mission here said on Tuesday.

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