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    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
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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
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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
Show AI Summary
Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
August 6, 2026
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Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
August 6, 2026
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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.

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HIGHLIGHTS

January 5, 2026

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New Delhi, Jan 5 (PTI) Following are the top stories at 9 pm: NATION DEL42 LD ALL SC-DELHI RIOTS (7.28 PM)

Delhi riots: SC denies bail to Umar Khalid, Sharjeel Imam; Umar says this is his life now New Delhi: The Supreme Court on Monday refused bail to activists Umar Khalid and Sharjeel Imam in the 2020 Delhi riots conspiracy case but granted it to five others, citing "hierarchy of participation" and putting the two on a “qualitatively different footing”.

DEL39 OPPN-UMAR-LD SHARJEEL (6.54 PM)

Oppn questions denial of bail to Umar, Sharjeel; flags Gurmeet Ram Rahim's 15th parole New Delhi: Opposition leaders on Monday raised questions over the Supreme Court denying bail to activists Umar Khalid and Sharjeel Imam in the 2020 Delhi riots conspiracy case, while pointing out that rape convict Dera Sacha Sauda chief Gurmeet Ram Rahim has been repeatedly granted parole.

DEL47 MEA-INDIA-IRAN-ADVISORY (8.17 PM)

India urges citizens to avoid non-essential travel to Iran New Delhi: India on Monday urged its nationals to avoid non-essential travel to Iran as the country has been rocked by a wave of protests over inflation and currency devaluation.

DEL45 VENEZUELA-CONG (7.36 PM)

US' unilateral actions in Venezuela transgressed settled principles of international law: Cong New Delhi: The Congress expressed grave concern on Monday over the US' unilateral actions in Venezuela, saying those transgressed settled principles of international law.

DEL43 BJP-LD DELHI RIOTS (7.31 PM)

Cong must apologise for supporting 'tukde-tukde gang': BJP on SC's denial of bail to Umar, Sharjeel New Delhi: The BJP on Monday said that the Supreme Court order denying bail to Umar Khalid and Sharjeel Imam in the 2020 Delhi riots conspiracy case is a "big slap" on the Congress' face and demanded that the opposition party apologise for supporting the "tukde-tukde gang".

CAL37 WB-MAMATA-4TH LD RALLY (8.29 PM)

Mamata to move court on Jan 6 against 'arbitrary' SIR, flags human suffering; BJP hits back Gangasagar: Chief Minister Mamata Banerjee on Monday said she would move court against the EC's SIR of electoral rolls in West Bengal, alleging fear, harassment and administrative arbitrariness that she claimed had led to deaths and hospitalisations, as she sharpened her confrontation with the poll body ahead of the assembly polls.

DEL46 DEF-ARMYCHIEF (7.58 PM)

Army Chief Gen Dwivedi holds talks with UAE's top commander New Delhi: Army Chief Gen Upendra Dwivedi on Monday held wide-ranging talks with Commander of the United Arab Emirates (UAE) Land Forces, Major General Yousef Maayouf Saeed Al Hallami, with a focus on expanding bilateral military cooperation.

CAL39 AS-2ND LD QUAKE (8.43 PM)

Three injured as 5.1-magnitude quake hits Assam Guwahati/Morigaon: At least three people were injured in an earthquake of 5.1 magnitude, which jolted central Assam in the early hours of Monday, officials said.

Minor damage was also caused to some houses in Morigaon district, they said.

MDS24 AP-2NDLD GAS LEAK (7.39 PM)

Gas leak at ONGC well in Andhra sparks inferno, four-km radius evacuated Mori (Andhra Pradesh): A gas leak at an ONGC well here in Dr BR Ambedkar Konaseema district operated by its production contractor sparked an inferno on Monday, leading to the evacuation of two villages within a four-km radius.

MDS22 ISRO-DEX-DUST (7.30 PM)

ISRO''s DEX detects interplanetary dust particles ''bombardment'' on earth Bengaluru: ISRO's maiden home-made dust detector instrument has detected interplanetary dust particles (IDP), which are "a cosmic invader striking every thousand seconds" on earth, the space agency said on Monday.

LEGAL LGD39 SC- 3RD LD DELHI RIOTS (8.30 PM)

Delhi riots case: SC says allegations against Umar, Sharjeel prima facie true, refuses bail; 5 others get relief New Delhi: Observing that reasonable grounds exist for believing that allegations against Umar Khalid and Sharjeel Imam are prima facie true, the Supreme Court on Monday refused bail to them in the 2020 Delhi riots conspiracy case but granted it to five others, saying all the accused do not stand on the same footing.

LGD 26 SC -DELHI RIOTS LD INVOLVEMENT (6.17 PM)

The Supreme Court on Monday said prosecution material suggests that activists Umar Khalid and Sharjeel Imam were involved in "planning, mobilisation and strategic direction" of the 2020 Delhi riots, as it denied them bail in the conspiracy case.

LGD35 SC-CUSTOMS DUTY (8.00 PM)

SC allows Adani Power's appeal, sets aside Gujarat HC order over levy of customs duty New Delhi: The Supreme Court on Monday set aside the Gujarat High Court's 2019 verdict which had declined to grant relief to Adani Power Limited over levy of customs duty on electrical energy generated in its power plant located in an SEZ and supplied to the domestic tariff area (DTA).

BUSINESS DEL33 BIZ-AIR INDIA-CEO (5.57 PM)

Tata Group looking for new chiefs for Air India, Air India Express Mumbai: The Tata Group has begun scouting for a suitable candidate to head Air India, as the tenure of the incumbent, Campbell Wilson, will end next year, sources have said.

DEL37 BIZ-TRAI-PESKYCALL (6.40 PM)

Trai imposes penalty worth Rs 150 cr on telecom operators for failure to curb spam calls, messages New Delhi: The telecom regulator Trai has imposed a penalty of Rs 150 crore on telecom operators for their failure to curb spam calls and messages, according to an official source.

FOREIGN FGN32 US-TRUMP-LD MODI (7.22 PM)

'Modi knew I wasn't happy': Trump on India's Russian oil purchases New York/Washington: US President Donald Trump has said that Prime Minister Narendra Modi knew "I was not happy" with India's purchases of Russian oil and that Washington could raise tariffs on New Delhi "very quickly." By Yoshita Singh

FGN27 CHINA-INDIA-VISA (6.18 PM)

India introduces new e-Business visa to facilitate easy travel for Chinese nationals Beijing: India has introduced an e-Production Investment Business Visa called e-B-4 Visa that Chinese businessmen can apply for to travel to India for specific business activities, including installation and commissioning of equipment. By K J M Varma

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