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    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
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August 8, 2026
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Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
August 8, 2026
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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
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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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
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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.

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December 31, 2025

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New Delhi, Dec 31 (PTI) Following are the top stories at 1 PM NATION DEL44 BIZ-RBI REPORT-GOVERNOR (04:03 PM)

Indian economy to record high growth despite volatile external environment: RBI Governor New Delhi: Indian economy is projected to register high growth, driven by strong domestic consumption and investment despite a volatile and unfavourable external environment, RBI Governor Sanjay Malhotra said on Wednesday.

DEL16 BIZ-STRIKE-GIG WORKERS (01:19 PM)

Zomato, Swiggy offer increased payout to gig workers amid strike call by unions on New Year's Eve New Delhi: Food delivery platforms Zomato and Swiggy are offering more incentives to their delivery partners, a standard practice they follow on festive periods, to ensure minimal disruptions in services on New Year's Eve amid strike call by gig workers' unions.

DEL23 PM-AYODHYA (02:15 PM)

Modi greets people on 2nd year of Ram Temple consecration New Delhi: Prime Minister Narendra Modi on Wednesday greeted the people on the second anniversary of the idol consecration at the Ram Temple at Ayodhya, terming the day "a divine festival of our faith and traditions."

DEL51 UP-AYODHYA-RAJNATH SPEECH (05:01 PM)

India acted in accordance with Lord Ram's ideals in Operation Sindoor: Rajnath at Ayodhya Ram temple Ayodhya: Defence Minister Rajnath Singh on Wednesday described the Ram temple movement as a "grand narrative" that laid the foundation for the future, and said India acted in accordance with Lord Ram's ideals in Operation Sindoor.

DEL12 CONG-CHINA (12.11 PM)

China's war mediation claim concerning, PM must respond: Congress New Delhi: The Congress on Wednesday termed Chinese claims of mediation between India and Pakistan concerning and said the people of India need clarity on the issue.

DEL46 DEF-MISSILES (04:16 PM)

India successfully test-fires Pralay missiles off Odisha coast New Delhi: India on Wednesday successfully test-fired two Pralay missiles in quick succession off the coast of Odisha.

DEL17 CULTURE-BUDDHA-RELICS (01:43 PM)

Modi to inaugurate exposition of sacred Piprahwa Relics on Jan 3 New Delhi: Prime Minister Narendra Modi on January 3 will inaugurate an exposition of the sacred Piprahwa Relics, which will be hosted at a heritage site in Delhi, officials said.

DEL2 PM-ERIGAISI (9:28 AM)

PM congratulates Arjun Erigaisi for bronze at FIDE World Blitz Chess Championship New Delhi: Prime Minister Narendra Modi on Wednesday congratulated Arjun Erigaisi on winning the bronze medal at the FIDE World Blitz Chess Championship and said his success will inspire the youth of the country.

CAL13 WB-SHAH-LD MEETING (02:53 PM)

Shah meets BJP public representatives in Kolkata, invites 'backbencher' Dilip Ghosh for talks Kolkata: Continuing on his agenda to take stock of the BJP West Bengal unit's preparedness for the assembly polls scheduled early next year, Union Home Minister Amit Shah on Wednesday laid down an action blueprint before the party's public representatives, past and present, while showcasing a unified face of the saffron camp, projecting former state president Dilip Ghosh as one of the main faces for the elections.

CAL10 BH-NABIN-LD FATHER (01:21 PM)

Trying to follow my father's footsteps of being low-profile, accessible to all: Nabin Patna: BJP National Working President Nitin Nabin on Wednesday said he was trying to follow in the footsteps of his father, who was "accessible to all" and "made familial bonds with party karyakartas".

DEL9 NIA-TERROR-SENTENCING (10.40 AM)

Man gets life term for raising module of Pak-based terror outfit in Assam New Delhi: A man has been sentenced to life imprisonment for raising a module of Pakistan-based terror outfit in Assam to carry out terrorist activities, the National Investigation Agency said on Wednesday.

CAL3 AS-WITCH HUNTING (09:17 PM) Assam couple burnt alive on suspicion of witchcraft Diphu: A group of people burnt alive a couple in a village in Karbi Anglong district of Assam, suspecting them to be involved in witchcraft, police said on Wednesday. CAL2 AS-COLD-SCHOOLS (8:56 AM)

All schools closed for week due to extreme winter weather in Guwahati Guwahati: With mercury dipping 6.4 degrees Celsius below normal in daytime in the state capital, all schools in Kamrup Metropolitan district of Assam have been closed for a week due to harsh winter, according to an official order.

BOM9 MP-CONTAMINATED WATER-LD TOLL (03:42 PM)

Consumption of contaminated water claimed 7 lives so far in Indore, confirms mayor Indore: Seven persons have died so far due to diarrhoea and vomiting after allegedly consuming contaminated water in Indore city of Madhya Pradesh, its Mayor Pushyamitra Bhargava confirmed on Wednesday amid conflicting claims over the number of fatalities.

BOM12 MH-CIVIC POLLS-ALLIANCES (03:59 PM)

Friends-foes-friends: Alliances blur ahead of municipal polls in Maharashtra Mumbai: Political equations in Maharashtra are in flux ahead of the January 15 elections to 29 municipal corporations, as the ruling Mahayuti and the opposition MVA have abandoned any attempt at a uniform seat-sharing formula, triggering fragmentation and multi-cornered contests.

BOM3 MH-HC-STAFF-POLL DUTY (10:38 PM)

HC stays BMC chief’s letters asking court staff to report for civic polls duty, questions his power Mumbai: The Bombay High Court has stayed letters issued by the Brihanmumbai Municipal Corporation commissioner asking the staff of subordinate courts to report for civic polls duty, questioning his power and jurisdiction.

BOM13 GA-NIGHTCLUB FIRE-SUSPENSION (04:17 PM) Goa nightclub tragedy: Two state government officers suspended Panaji: Two officers of the Goa State Pollution Control Board have been suspended in connection with the nightclub fire tragedy, Chief Minister Pramod Sawant said on Wednesday.

MDS3 ISRO-SSLV-STATIC TEST (9:03 AM)

ISRO conducts ground test of SSLV third stage at Sriharikota Bengaluru: ISRO has carried out a successful static test of an improved version of the third stage of SSLV at the Solid Motor Static Test Facility of Satish Dhawan Space Centre, Sriharikota in Andhra Pradesh.

DEL6 AVI-DELHI AIRPORT (9:59 AM)

Delhi airport sees 148 flight cancellations due to low visibility conditions New Delhi: At least 148 flights were cancelled and over 150 flights were delayed at the Delhi airport on Wednesday due to dense fog and low visibility conditions.

LEGAL LGD4 JK-NIA-ACQUITTAL (12.33 PM)

J&K court acquits 3 accused tried for 'terror' activities Srinagar: A sessions court in Jammu and Kashmir has acquitted three people accused of involvement in terror activities for lack of evidence.

FOREIGN FGN17 CHINA-QUAD-ENVOYS (12.09 PM)

Envoys of Quad countries hold rare publicised meeting in Beijing Beijing: Ambassadors of the Quad nations, consisting of the US, India, Australia and Japan, held a rare publicised meeting in Beijing. By K J M Varma

FGN25 BANGLA-ZIA-LD FUNERAL (02:34 PM)

Khaleda Zia’s funeral prayer held in Bangladesh amid tight security Dhaka: Bangladesh's former prime minister Khaleda Zia's funeral prayers were held on Wednesday amid tight security.

FGN23 BANGLA-ZIA-FUNERAL-LD JAISHANKAR (02:34 PM)

EAM Jaishankar hands over PM Modi's letter to BNP's Tarique Rahman Dhaka: External Affairs Minister S Jaishankar on Wednesday handed over to Bangladesh Nationalist Party (BNP) leader Tarique Rahman a letter from Prime Minister Narendra Modi as thousands of people bid farewell to former prime minister Khaleda Zia at her funeral.

FGN27 PAK-CHINA-DAR (04:06 PM)

Pak Dy PM Dar to visit China to attend strategic dialogue Islamabad: Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar will visit China later this week to co-chair the 7th round of a bilateral strategic dialogue.

PTI ARB ARB

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