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    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
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
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    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.
    August 6, 2026
    Show AI Summary
    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
    Show AI Summary
    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.

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      Venezuela releases imprisoned opposition figures and activists, which Trump says US requested

      January 9, 2026

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      Guatire (Venezuela), Jan 9 (AP) Venezuela released a number of imprisoned high-profile opposition figures, activists and journalists — both citizens and foreigners — Thursday in what the government described as a gesture to “seek peace” less than a week after former President Nicolás Maduro was captured by US forces to face drug-trafficking charges.

      President Donald Trump, who has been pressuring Maduro allies now leading the country to fold to his vision for the future of the oil-rich nation, said the releases came at the request of the United States.

      In the interview on Fox News on Thursday night, Trump praised the government of acting President Delcy Rodríguez, saying: “they've been great. ... Everything we've wanted, they've given us.” Jorge Rodríguez, brother of the acting president and head of Venezuela's National Assembly, said a “significant number” of people would be freed, but as of late Thursday night it was still not clear who or how many people would be released.

      The US government and Venezuela's opposition have long demanded the widespread release of imprisoned politicians, critics and members of civil society. The Venezuelan government insists it doesn't hold political prisoners.

      “Consider this a gesture by the Bolivarian (Venezuelan) government, which is broadly intended to seek peace,” he announced.

      High profile releases ---------------------- Among those released was Biaggio Pilieri, an opposition leader who was part of Nobel Peace Prize winner María Corina Machado's 2024 presidential campaign, according to Foro Penal, an advocacy group for prisoners based in Caracas. Also released was Enrique Márquez, a former electoral authority and candidate in the 2024 presidential election, the organisation said.

      Videos posted by journalists on social media show Márquez and Pilieri embracing loved ones on the streets outside the prison. One video showed Márquez beaming and video-calling family members, saying, “Soon I will be with you all.” Five Spanish citizens — including the prominent Venezuelan-Spanish lawyer and human rights activist Rocío San Miguel — were also released in the afternoon and, as the night wore on, reports trickled out of more detainees walking free. Relatives who were waiting for hours outside one of the prisons on the outskirts of Caracas briefly chanted, “Libertad! Libertad!” Venezuela's government has a history of releasing people imprisoned for political reasons — including real and perceived opponents — during moments of high tension to signal openness to dialogue. The releases on Thursday were the first since Maduro was deposed.

      Human rights groups and members of the opposition were encouraged by the move, though it wasn't clear yet what it represented — whether the growing pains of a government in transition or a symbolic overture to placate the Trump administration, which has allowed Maduro's loyalists to stay in power as it exerts pressure through crippling sanctions.

      Nothing brings back the 'stolen years' ---------------------------------------- For opposition leader Machado – whom Trump has snubbed by endorsing Rodríguez to lead the transition — the gesture was “an act of moral restitution." “Nothing brings back the stolen years,” she said in an audio message from exile addressed to families of released detainees, urging them to take comfort in the knowledge that “injustice will not be eternal and that the truth, though badly wounded, eventually prevails.” Alfredo Romero, president of Foro Penal, expressed cautious hope "that this is indeed the beginning of the dismantling of a repressive system in Venezuela ... and not a mere gesture, a charade of releasing some prisoners and incarcerating others.” Despite a widespread crackdown during the tumultuous 2024 election — in which the government said it detained 2,000 people — Venezuela's government denies that there are prisoners unjustly detained, accusing them of plotting to destabilise Maduro's government.

      Romero's organisation said that as of December 29, 2025, there were 863 people detained in Venezuela “for political reasons.” The Spanish government said Thursday that five of its citizens, including dual national San Miguel, had been released from custody in Venezuela and would soon return to Spain.

      Speaking to Spanish broadcaster RNE, Spanish Foreign Minister José Manuel Albares identified the other Spanish nationals released as Andrés Martínez, José María Basoa, Ernesto Gorbe and Miguel Moreno.

      Two of them, Martínez and Basoa, were arrested in Venezuela in September 2024 and accused of plotting to destabilize Maduro's government as Spanish spies — allegations vehemently denied by Spain.

      Spain's El País newspaper reported Thursday that another freed detainee, Gorbe, was arrested in 2024 on allegations of overstaying his visa.

      Families wait outside prisons ------------------------------- As the news of the release broke Thursday, families of detainees rushed to prisons across the country, seeking information on their loved ones.

      Pedro Durán, 60, was among those hoping to reunite with his brother Franklin Durán as he waited outside a prison in the town of Guatire, around 25 miles (43 kilometers) outside of Caracas. Durán said his brother was detained in 2021 on charges of trying to overthrow Maduro's government — an accusation his family denies.

      Durán, who has been living in Spain, heard rumours on Wednesday that the government could release a number of detainees and immediately bought a plane ticket from Madrid to Caracas to find his brother.

      “I don't have words to express the emotion I'm feeling,” Durán said. “We're feeling a lot of hope ... We're just waiting now.” Despite the anticipation, fear persists.

      “Of course everyone here is very scared, but what more could (the government) do to us that they haven't done already,” he added.

      'A bargaining chip' Ronal Rodríguez, a researcher at the Venezuelan Observatory at the University of Rosario in Bogotá, Colombia, said the government releases prisoners at politically strategic moments.

      In July last year, Venezuela released 10 jailed US citizens and permanent residents in exchange for the repatriation of over 200 Venezuelans deported by the Trump administration to El Salvador, where they had been held in a prison built to house criminal gangs.

      “The regime uses them like a bargaining chip,” he said of prisoners in Venezuela. It will be telling to see not only how many people the government releases, he said, but also under what conditions and whether the releases include anyone high-profile.

      On Wednesday, the Trump administration sought to assert its control over Venezuelan oil, seizing a pair of sanctioned tankers transporting petroleum and announcing plans to relax some sanctions so the US can oversee the sale of Venezuela's petroleum worldwide.

      Both moves reflect the administration's determination to make good on its effort to control the next steps in Venezuela through its vast oil resources after US President Donald Trump pledged after the capture of Maduro that the US will “run” the country.

      Trump on Thursday night said that Machado may be visiting Washington next week and that he may be meeting with her.

      “I understand she's coming in next week some time and I look forward to saying hello to her,” Trump said in the Fox News interview with Sean Hannity. “And I've heard that she wants to do that.” (AP) GSP

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