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    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
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August 7, 2026
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Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
August 7, 2026
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Customs 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.
August 6, 2026
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Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
August 6, 2026
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Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
August 6, 2026
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Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
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
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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
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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
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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
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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
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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
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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.

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A Must-Visit Cultural Experience This Season!

December 24, 2025

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The 13th Sargaalaya International Arts & Crafts Festival Begins December 23, 2025 Iringal | Kozhikode, Kerala, India (NewsVoir) If there is one cultural destination in South India that deserves a place on every traveller’s calendar this season, it is the 13th Sargaalaya International Arts & Crafts Festival (SIACF). From December 23, 2025, to January 11, 2026, Sargaalaya Kerala Arts & Crafts Village transforms into a living, breathing celebration of art, heritage, flavour, and community—an experience that is as inspiring as it is unforgettable.

Recognised as South India’s premier crafts festival, SIACF 2025 is expected to welcome over two lakh visitors, making it not just an exhibition, but a cultural phenomenon. Organised by Sargaalaya Kerala Arts & Crafts Village and managed by the legendary Uralungal Labour Contract Co-operative Society (ULCCS Ltd.), the festival continues to set benchmarks in responsible tourism and cultural excellence.

Where the World’s Crafts Come Together What makes SIACF truly extraordinary is its global soul rooted in Indian tradition. The 2025 edition brings together nearly 200 master artisans from 18+ Indian states, alongside celebrated craft practitioners from Belarus, Egypt, Iran, Israel, Jordan, Kazakhstan, Nepal, Russia, Sri Lanka, Syria, Tajikistan, Thailand, Uganda, Uzbekistan, and Taiwan.

Walking through SIACF feels like travelling across continents—each stall revealing a story, a heritage, and a human touch that no machine can replicate. For anyone who values authenticity, craftsmanship, and cultural depth, this is an experience that simply cannot be missed.

An Immersive Festival, Not Just an Exhibition SIACF 2025 is thoughtfully curated to offer far more than shopping. Visitors are invited to explore beautifully designed Handloom and Craft Theme Arenas, with special emphasis on Geographical Indication (GI)–tagged products, making it a rare opportunity to witness India’s protected craft legacies under one roof.

With over 100 exhibition and trade stalls, including works by National and State Award–winning artisans, the festival offers an unparalleled chance to engage directly with creators and take home pieces of living heritage.

Adding depth to the experience are the Tourism Expo and Tourism Talk Shows, where ideas, innovation, and the future of creative tourism come together—making SIACF equally compelling for professionals, students, and cultural thinkers.

Fashion, Flowers, Food & Festivity From elegance on the ramp to colour in full bloom, SIACF 2025 celebrates lifestyle in its most artistic form. Handloom Fashion Shows and Children’s Fashion Shows bring textiles to life, while the Flower Show adds a visual spectacle that delights all ages.

No visit to SIACF is complete without indulging in the much-loved Kerala Food Festival—a culinary journey through authentic local delicacies, enriched with regional flavours from states like Rajasthan. Daily live cultural performances by renowned artists ensure that every evening at Sargaalaya feels festive, soulful, and memorable.

For those who enjoy leisure amidst nature, pedal and motor boating along the serene Moorad River offers a refreshing pause—making the festival a perfect blend of culture, relaxation, and adventure.

A Festival That Makes a Difference Beyond its beauty and scale, SIACF stands out for its purpose. As a flagship rural tourism initiative, the festival plays a crucial role in empowering artisans, sustaining endangered crafts, and contributing meaningfully to the local economy.

This vision is strengthened by the support of the Department of Tourism, Government of Kerala, NABARD, the Ministry of Textiles (through the Development Commissioners of Handicrafts and Handlooms), and the Indian Institute of Handloom Technology, Kannur—ensuring that every visit directly supports livelihoods and cultural continuity.

The Perfect Family & Travel Recommendation Whether you are a culture enthusiast, a conscious shopper, a family looking for a meaningful holiday outing, or a traveller seeking authentic Kerala experiences, SIACF 2025 is an unmissable recommendation. It is rare to find a destination that seamlessly brings together craft, cuisine, learning, entertainment, and nature—yet Sargaalaya does so effortlessly.

“Sargaalaya is not just a craft village; it is a celebration of human creativity and shared heritage,” says Team Sargaalaya. “Every visit helps preserve living traditions while empowering rural communities through responsible tourism.” About Sargaalaya Kerala Arts & Crafts Village Set across 20 acres in Iringal, Kozhikode, Sargaalaya Kerala Arts & Crafts Village is a flagship initiative of the Department of Tourism, Government of Kerala, established in 2011. Developed on a Responsible Tourism model, it provides a permanent creative home for over 100 master artisans and features 27+ eco-friendly cottages, live craft demonstrations, and cultural spaces.

Recipient of the National Tourism Award for Best Rural Tourism Project, Sargaalaya is widely regarded as one of Kerala’s most enriching cultural destinations.

Sargaalaya Arts and Crafts Village: Towards a Global Cultural and Experiential Destination Sargaalaya Kerala Arts and Crafts Village at Iringal, near Vatakara in Kozhikode district, is envisioned to be developed as a globally benchmarked cultural, experiential, and interpretative destination for Malabar. The proposed development reimagines Sargaalaya not merely as a craft village, but as an integrated cultural institution that interprets regional heritage, nurtures creativity, produces knowledge, and anchors a wider tourism ecosystem across North Kerala. The focus is on creating a living cultural landscape where heritage, contemporary practice, tourism, and community livelihoods intersect.

The development places strong emphasis on immersive visitor engagement through interactive craft zones, daily demonstrations, curated workshops, and guided interpretation. Craft spaces will be reconfigured to allow larger visitor participation, supported by a central craft emporium and dedicated workshops that enable skill development, innovation, residencies, and fair market access for artisans. These interventions ensure that crafts remain dynamic, living practices rather than static displays.

At the heart of the project is the Cultural Experience and Interpretation Centre, conceived as the primary narrative anchor for Malabar. Through curated exhibitions, multimedia installations, immersive digital environments, and interactive archives, the centre will present Malabar’s maritime history, social reform movements, resistance traditions, ecological knowledge, and cultural pluralism, offering visitors a coherent entry point into the region’s layered cultural landscapes.

A series of thematic developments will structure the expanded Sargaalaya ecosystem. The Literature City will position Malabar as a living literary landscape through writers’ retreats, multilingual libraries, translation and publishing labs, literary residencies, and immersive experiences linking literature with place, memory, and social history. The Kalari Village, rooted in the martial traditions of Kadathanad, will integrate training, performance, research, wellness, and interpretation through traditional arenas, therapy centres, and an interactive martial arts museum.

The project places strong emphasis on the documentation and preservation of performing arts, supported by digital archives, performance-capture studios, and immersive experience centres for art forms such as Theyyam, Kathakali, Kalaripayattu, and Mappila songs. A Living Heritage Programme will support artists through apprenticeships, fellowships, residencies, and contemporary collaborations, ensuring continuity alongside creative evolution.

Sargaalaya is envisioned as a year-round cultural destination with robust performance infrastructure, including open-air amphitheatres, indoor auditoriums, flexible venues, and artist residency facilities. Regular performances, curated weekend programmes, and four large-scale annual cultural productions will ensure sustained activation. A flagship attraction, Malabar Symphony, is proposed as a large-scale light-and-sound hybrid immersive storytelling experience narrating Malabar’s maritime history, resistance movements, ecological consciousness, and cultural evolution. Conceived as a thirty-five-minute production staged twice daily, Malabar Symphony is proposed to be developed in collaboration with leading national and international artists, with concept and direction by Revathy, screenplay and narrative by Shankar Ramakrishnan, music composition by A.R. Rahman, sound design by Resul Pookkutty, technical direction by Alphons, theatre direction by Royston Abel, animation and visual effects by Aravind, and voice performances by distinguished artists including Mammootty, Manju Warrier, Parvathy Thiruvothu, Anoop Menon, Sayonara Philip, and Prithviraj Sukumaran.

A dedicated Children’s Cultural and Experiential Zone will offer play-based learning rooted in Malabar’s cultural narratives and ecological contexts, integrating creative activity spaces, nature-linked exploration, and water-based learning experiences. Complementing this are structured workshops and creative learning programmes across crafts, music, theatre, movement, painting, and visual arts, catering to students, artists, tourists, and cultural professionals.

The development adopts a hub-and-spoke tourism model, positioning Sargaalaya as the central orientation and interpretation hub for integrated cultural, riverine, coastal, literary, martial, and culinary circuits across Malabar. River-based journeys and water experiences will function as experiential corridors, foregrounding ecology, heritage, and local livelihoods.

The ecosystem further includes curated food tourism and culinary experiences, including festivals and a floating restaurant rooted in Malabar cuisine; a handloom, design, and retail zone supporting innovation and contemporary applications of traditional textiles; a vibrant flea market strengthening the informal cultural economy; and facilities for social, cultural, and community events, conferences, exhibitions, destination weddings, and themed cultural ceremonies.

To enable deeper immersion, the project proposes on-site accommodation and stay facilities designed in harmony with the landscape and local architectural traditions, supporting multi-day cultural tourism, artist residencies, research stays, and family travel. Through this integrated approach, the upcoming phase of Sargaalaya positions culture as core infrastructure for development, envisioning a globally relevant model for experiential, responsible, and knowledge-driven cultural tourism that interprets Malabar for contemporary and international audiences.

Website: www.sargaalaya.in Instagram: Sargaalaya – Kerala Arts & Crafts Village Iringal About ULCCS Ltd.

Founded in 1925 by social reformer Vagbhatananda Guru, the Uralungal Labour Contract Co-operative Society Ltd. (ULCCS) is among India’s most respected worker cooperatives. With 18,000+ employees, 7,500+ completed projects, and global recognition—including a World No. 2 ranking in the Industry & Utilities sector by the World Cooperative Monitor for 3 years—ULCCS stands as a UN-recognised model for ethical, inclusive, and quality-driven development.

If you are looking for one unforgettable cultural recommendation this season, SIACF 2025 at Sargaalaya is it.

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

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