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    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
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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
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    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
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August 8, 2026
Show AI Summary
Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
August 7, 2026
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Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
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
Show AI Summary
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
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BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
August 7, 2026
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Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
August 6, 2026
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Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
August 6, 2026
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Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.

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Customs & Trade

HIGHLIGHTS

December 11, 2025

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New Delhi, Dec 11 (PTI) Following are the top stories at 9 pm: NATION DEL68 PM-LD TRUMP (8.12 PM)

PM Modi speaks to President Trump New Delhi: Prime Minister Narendra Modi on Thursday held a phone conversation with US President Donald Trump that focused on enhancing economic ties at a time the two countries are eyeing to seal a trade deal.

DEL55 EC-SIR-LD EXTEND (7.07 PM)

EC extends SIR timeline in 6 states, UTs at poll officers' urge New Delhi: The Election Commission on Thursday extended the timeline for Special Intensive Revision (SIR) in six states and Union territories following requests from the chief electoral officers.

BOM42 GA-LDALL NIGHTCLUB (9.00 PM)

Nightclub fire: Luthra brothers detained in Thailand; Delhi court denies them transit anticipatory bail Panaji/New Delhi: Gaurav and Saurabh Luthra, co-owners of ‘Birch by Romeo Lane’ nightclub in North Goa where a blaze claimed 25 lives, have been detained by the authorities in Thailand, officials said on Thursday, as a Delhi court rejected their transit anticipatory bail pleas citing the duo's conduct and the gravity of the offences.

CAL54 AS-ARUNACHAL-3RD LD ACCIDENT (8.27 PM)

18 from Assam killed, 3 missing as truck falls into gorge in Arunachal Tinsukia/Itanagar (Assam): At least 18 people from Assam's Tinsukia district were killed and three others are missing as the truck carrying them fell into a deep gorge in a remote and difficult terrain in neighbouring Arunachal Pradesh, officials said on Thursday.

CAL42 MN-PRESIDENT-LD CIVIC RECEPTION (6.58 PM)

Aware of Manipur people’s pain due to violence; govt committed to strengthen harmony: Murmu Imphal: President Droupadi Murmu on Thursday said she is aware of the Manipur people’s pain because of the ethnic violence, and assured them that the government is committed to strengthen harmony and ensure security.

DEL56 CONG-SHAH-NEHRU (7.15 PM)

'Outright lie': Congress slams Amit Shah for his 'vote chori' charge against Nehru New Delhi: The Congress on Thursday rebutted Home Minister Amit Shah's "vote chori" charge against Jawaharlal Nehru, saying the claim that he was made the prime minister despite Sardar Vallabhbhai Patel being the popular choice is a "lie" and a "figment of imagination".

DEL50 RSQ-MEA-LD SCAM CENTRES (6.21 PM)

Over 6,700 Indians rescued from Cambodia, Myanmar, Lao PDR: Govt data on scam centres New Delhi: The Centre on Thursday informed the Parliament that it has taken notice of instances of dubious firms involved in fake recruitment job offers, having lured Indian nationals mostly through social media channels to South-East Asian countries, and till date over 6,700 Indians have been rescued from Cambodia, Myanmar and Lao PDR.

MDS19 ISRO-SPACEPORT-NARAYANAN (6.52 PM)

Rockets will be launched from Kulasekarapattinam in TN from 2027: ISRO chief Tirunelveli (Tamil Nadu): Rockets will be launched from Kulasekarapattinam in Tamil Nadu from 2027, ISRO chairman V Narayanan said on Thursday.

CAL52 WB-2NDLD MAMATA GITA RECITAL (8.20 PM)

Bengal is not UP, won't allow this here: Mamata on assault on food vendors at Gita recital Krishnanagar: West Bengal Chief Minister Mamata Banerjee on Thursday tore into the BJP over the assault on two food vendors at a recent Bhagavad Gita recital event in Kolkata, asserting that the state would not tolerate intimidation, communal division or attempts to dictate what people should eat.

DEL49 FUGITIVE-ACTION (6.21 PM)

DG-IG police conference decides to tackle fugitives by revoking passports, sharing info with ED New Delhi: The recent meet of all-India police chiefs in Chhattisgarh has charted out three new measures to swiftly bring fugitives to justice which includes "promptly" revoking their passport and referring eligible cases to the ED for initiating proceedings under a 2018 law that allows confiscation of all assets of the offenders. By Neelabh Srivastava

DEL65 DOPT-GRIEVANCE-CAMPAIGN (8.08 PM)

Prashasan Gaon ki Ore: Doorstep public grievance resolution drive to run nationwide from Dec 19-25 New Delhi: The Centre will launch a week-long nationwide campaign from December 19 to 25 for the redressal of public grievances and improving public service delivery, an official statement said on Thursday.

DEL71 BJP-WB-SHAHJAHAN-WITNESS (8.36 PM)

Targeted attack: BJP on road accident involving witness in Sandeshkhali case in WB New Delhi: The BJP alleged on Thursday that it was not a road accident but a "targeted attack", orchestrated by now-jailed TMC leader Sheikh Shahjahan, that injured a prime witness in a case against him and killed his son in West Bengal.

LEGAL LGD23 SC-RIGHTS (6.36 PM)

Rights of individual always subservient to nation's interest: SC New Delhi: Rights of an individual are always subservient to the nation's interest, the Supreme Court said on Thursday, emphasising that the rights guaranteed under Article 21 of the Constitution must always be protected, but in cases where the country's security or integrity is called into question, that cannot be the sole ground for granting bail.

LGD37 SC-EVICTION-LAWS (8.11 PM)

Central law on eviction of unauthorised occupants prevails over state rent laws: SC New Delhi: In a significant verdict that may help public sector undertakings (PSUs) reclaim their properties, the Supreme Court held on Thursday that the 1971 Public Premises (Eviction of Unauthorised Occupants) Act prevails over state rent control laws.

LGD39 UP-COURT-CHINESE NATIONAL (8.39 PM)

UP: Chinese national sentenced to 1 year in jail for illegally entering India from Nepal Maharajganj (UP): A local court here on Thursday sentenced a Chinese national to one year of imprisonment for illegally entering India from Nepal.

BUSINESS DEL64 BIZ-LD US TRADE-GOYAL (8.00 PM)

If US happy with India's offer, Trump administration should sign trade deal: Goyal Mumbai: The US should sign the free trade agreement with India if Washington is happy with what has been offered by New Delhi, Commerce and Industry Minister Piyush Goyal said on Thursday.

DEL63 BIZ-ICAI (7.49 PM)

ICAI clears new global networking guidelines, changes to advertising norms for CA firms New Delhi: Chartered accountants' apex body ICAI has approved new global networking guidelines as well as changes to advertising guidelines, a significant move that will help create large homegrown domestic chartered accountant firms and compete at the global level.

FOREIGN FGN52 MEXICO-INDIA-TARIFFS (8.07 PM)

Mexico's Congress approves higher tariffs on goods from India, China and non-FTA nations Washington: Mexico's Congress has approved a bill that seeks to impose higher tariffs on imports from India, China, Brazil and several other countries with which the North American nation doesn't have free trade agreements.

FGN43 UN-INDIA-LD TALIBAN (6.01 PM)

India calls for ‘pragmatic engagement’ with the Taliban: Amb Harish tells UNSC United Nations: India told the UN Security Council that it calls for a “pragmatic engagement” with the Taliban as New Delhi underlined that a focus on only punitive measures will ensure a 'business as usual' approach. By Yoshita Singh

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