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    India weathered Hormuz disruption without fuel shortages: Puri
    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
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    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    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
    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
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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.

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      EduConnect Expo 2025 – One of the Biggest Educational Expo & Awards for Educators & Knowledge Influencers

      December 3, 2025

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      Mumbai (Maharashtra) [India], December 3: EduConnect Expo 2025, one of the largest and most impactful platforms dedicated to schools, teachers, knowledge creators, and school suppliers, was held at Balasaheb Thackeray Ground, Bhayander. Organized by Laxmi Book Enterprises and conceptualized by WoodCraft Events & Entertainment, the three-day expo saw an enthusiastic turnout of educators, principals, academic leaders, digital creators, and parents. The inauguration took place in the presence of Actor Himani Shivpuri, a celebrated veteran of the Hindi film industry, and Shailesh Salaskar, Organiser of EduConnect Expo. The event featured large-scale exhibitions, interactive zones, workshops, panel conversations, and speaker sessions designed to foster collaboration and future- ready learning. With a footfall of over 10,000 visitors, EduConnect continued to position itself as one of India’s influential education-focused gatherings.

      The expo also hosted a panel discussion moderated by Marketer & Journalist Aarti Notiyal, featuring panelists Jaswinder Gardner, Urvashi Upadhyay, Aman Mathur, and Hearty Singh, who discussed creativity, digital influence, student motivation, and the evolving environment of modern education.

      A major attraction on Day 1 was the EduConnect Awards 2025, celebrating outstanding contributors across education and digital knowledge influence. The awardees included Eshaanya Mmaheshwari, Kashif Tanwar, Gargi Kundu, Saurabh Khandagale, Gouri Tonnk, Piyali Toshniwal, Ruhez Amrelia, Mekhala Bawsay, Jay Desai, Sagar Visawadia, Aman Mathur, Tarun Wadhwani, Harish Solanki, Dhaval and Dimple, Roopam Lakhanpal, Shobhika Bali, Avani Dalal, Rakesh Kukreti, Vidhya Thakkar, Hearty Singh, Rajveer Singh, Aishwarya Shridhar, Kanisha Malhotra, Madhura Bhaganagare, Vaibhavi Marathe, Shripad Marathe, Sonal Kaushal and Rohit Mavle. The winners represented diverse fields including education, media and entertainment, social service, creativity, literature, finance, youth talent, and digital storytelling, reflecting the wide landscape of knowledge- driven influence in India.

      The expo featured speaker sessions conducted by respected educators and industry experts, who addressed topics such as classroom innovation, student well-being, the integration of technology, and emerging academic practices. These sessions added immense value for parents and teachers seeking clarity on modern learning environments. One of the key voices was Prof. Shibu Nair, Renowned Indian Author, who also received the Visionary Educational Leadership Award shared a compelling message on inclusive education, stating, “True inclusion is not created by policies or classrooms it is created by teachers who look beyond marks, understand every child’s story, and make each one feel valued, capable, and seen.” A special highlight was the Mafatlal Fashion Show, where students walked the runway in career-inspired ensembles representing various professional domains. The segment celebrated confidence, creativity, and future aspirations among young learners, drawing enthusiastic applause from the audience.

      The second day of the expo continued with an impactful panel discussion moderated by Mr. Sudam Kumbhar, Principal at Shailendra Education Society. The panel featured prominent education leaders including Mr. Sadanand Raorane, Founder & Director of Milind Vidyalaya; Dr. Prakash Patil, CEO of Sinhagad Education Society; Dr. Vinay Raut, Secretary of Vidya Vikas Education Society; Mr. Rajaram Rasal; and Mr. Sanjay Patil, President of the Brihanmumbai Association of Heads of Secondary & HSC Schools. Their discussion focused on transformative educational issues, administrative reforms, and the growing need for holistic learning frameworks.

      Day 2 further hosted another insightful panel discussion moderated by Mr. Mahesh Kudu, Principal and Counselor at Pratibha Vidyamandir Khanivade. The session featured Mr. Deepak Kulkarni, Founder of National Education Society who also received the Lifetime Achievement Award at the event also emphasized the pressure faced by institutions under RTE, stating, “Schools are fulfilling their duty under RTE, but without timely and fair reimbursement, even the most committed institutions are struggling to survive.” Other panelists included Ms. Sangeeta D'Silva, Principal of NG Vartak High School and Junior College; Ms. Sophiya Loyid D’Abreo, Principal of Issac Newton Global School; Mr. Pramod Patil, Chairman of Samarth Gurukul Education Trust, Palghar; Mr. Arun Bhoir, Former Principal of Adarsh Vidyalaya, Virar; and Mr. Kailash Devare, Assistant Teacher at Vasantibai Vishnu Thakur Smarak Vidyalaya. The conversation addressed student-centric learning, teacher accountability, and evolving curriculum needs.

      The expo also included Exhibitor Partner Awards, where participating brands and sponsors were felicitated for their contribution to enhancing the educational ecosystem exhibited at the event. This recognition celebrated innovation across publishing, stationery, technology, mobility, and learning tools.

      Another significant highlight was the Educational Excellence Awards, where distinguished teachers and principals from various institutions were felicitated for their commitment to academic advancement, student development, and institutional leadership. These recognitions further emphasized the crucial role educators play in shaping the minds and futures of young learners.

      Day 3 featured a focused academic panel discussion on “CBSE – Curriculum, Challenges, Ideas, Conclusion,” moderated by Dr. Nikita V. Kothari, Principal of Indo Scots Global School. The panel included Ms. Rachna Sharma, Principal of Taramai Vartak Memorial Academy; Ms. Suvarna Aniruddha Karodi, Principal of Vidya Prabodhini English Medium School; and Ms. Vidya Patil, Principal of Dr. Shivajirao S. Jondhle International School, Asangaon. The discussion examined curriculum implementation, teaching innovations, and strategic pathways that support future-ready education.

      Over 100 exhibitors showcased their products and services, with participation from leading brands including Kokuyo Camlin, Mafatlal, Chetna, Sundram, Navneet Toptec, Reegal Industries, Econama, Polo, Bal Bharti Publications, Madhuban, Viva Education, Force Motors, Intel QI, IDFC Bank, Bionic Scientific, Eicher, Props & Pixels Productions, Sky Books, and many more. Attendees engaged with live demonstrations, product displays, and educational tools designed to enhance learning and teaching experiences.

      EduConnect Expo 2025 was supported by Tata motors and category partners including Mafatlal Uniform as the Uniform Partner, Camlin as the Art Workshops Partner, Paradox Museum as the Experience Partner, Mann e Securities as the Security and Surveillance Partner, Ronak Advertising as the Outdoor Media Partner, Shott India as the Gaming Zone Partner, Krishna Diamonds by Krishna Thakur as the Gifting Partner, Bubble Communication as the Media and Influencer Agency Partner, Orange Education as the Learning Partner, and Sutra by Dori as the Photo Ops Partner.

      Teachers, parents and influencers from across Mumbai visited EduConnect Expo 2025 and engaged with conversations, brand showcases, interactive zones, stage activities, and collaboration opportunities at Balasaheb Thackeray Ground, Mira Bhayandar Road, from November 27 to 29, 2025.

      (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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