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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
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    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
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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
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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
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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.

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Customs & Trade

HIGHLIGHTS

January 18, 2026

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New Delhi, Jan 18 (PTI) Following are the top stories at 5 pm: NATION CAL53 WB-PM-RALLY (04.58 PM)

PM accuses TMC of aiding infiltrators, calls for ending ‘maha jungle raj’ in Bengal Singur (WB): Prime Minister Narendra Modi on Sunday accused the TMC government of “playing with national security by aiding infiltrators" for vote-bank politics, and said it was necessary to end its “maha jungle raj” in West Bengal to pave the way for development and good governance.

CAL28 AS-PM-2NDLD RALLY (03.30 PM)

Congress handed over Assam's land to infiltrators for votes during its rule: PM Kaliabor (Assam): Prime Minister Narendra Modi on Sunday slammed the Congress, accusing the party of handing over Assam's land to infiltrators for votes during its rule in the northeastern state.

CAL33 WB-PM-LD PROJECTS (03.35 PM)

PM unveils development projects worth over Rs 830 cr in Bengal Singur (WB): Prime Minister Narendra Modi on Sunday launched development projects worth over Rs 830 crore in West Bengal and flagged off three Amrit Bharat trains connecting Kolkata with other parts of the country.

DEL12 JK-TERROR-CRYPTO (03.10 PM)

Terror funding 2.0: 'Crypto Hawala' may be used to revive separatist elements in Jammu and Kashmir Srinagar/New Delhi: Security agencies have flagged a sophisticated "crypto hawala" network bypassing the country's financial safeguards to funnel untraceable foreign funds into Jammu and Kashmir, sparking grave concerns that the money is being used to support terror activities, officials said on Sunday. By Sumir Kaul

DEL9 WANGCHUK-WIFE-INTERVIEW (RPT) (04.33 PM)

Govt seeking dates as no merit in NSA case against Sonam Wangchuk, says wife Gitanjali Angmo New Delhi: Climate activist Sonam Wangchuk's wife Gitanjali Angmo has said his arrest reflects the state of democracy in the country where power is used to "illegally detain" people, and the case has "no merit" as fresh dates are repeatedly sought by the government in court. By Anjali Ojha

DEL15 CONG-ENVIRONMENT (04.10 PM)

How long will Modi govt live in denial, asks Cong citing World Bank's air pollution report New Delhi: The Congress on Sunday cited a World Bank report on air pollution that says around one million premature deaths happen in the Indo-Gangetic plains and Himalayan foothills annually to ask how long the Narendra Modi government would live in "denial".

BOM11 MH-BHAGWAT-LD DHARMA (04.51 PM)

India will remain Vishwaguru as long as guided by dharma: Bhagwat Mumbai: RSS chief Mohan Bhagwat on Sunday said that as long as Bharat is guided by dharma, the country will remain a Vishwaguru, asserting that such spiritual knowledge is unique to India.

DEL14 CIC-ADVOCATES-RTI (03.57 PM)

Advocates cannot seek information under RTI Act for clients' cases: CIC New Delhi: The Central Information Commission (CIC) has ruled that advocates cannot use the Right to Information (RTI) Act to seek details regarding cases they are handling for clients, observing that using the transparency law in this manner fails to advance its core objectives.

MDS8 TN-STAMPEDE-CBI-VIJAY (04.58 PM)

TVK chief Vijay to appear before CBI again over stampede case, leaves for Delhi Chennai: TVK chief Vijay left for Delhi on Sunday to appear before the CBI on January 19 in connection with the Karur stampede case.

UP-FLIGHT-BOMB (01.26 PM)

Bomb threat in Delhi-Bagdogra IndiGo flight forces emergency landing in Lucknow Lucknow: An IndiGo Airlines flight en route from Delhi to Bagdogra, West Bengal made an emergency landing at the Lucknow airport on Sunday morning following a bomb threat, police said.

CAL21 WB-BELDANGA SITUATION (01.35 PM)

Bengal police conduct route marches in violence-hit Beldanga; situation calm, roads deserted Kolkata: Armed state police personnel, accompanied by Rapid Action Force, conducted route marches in violence-hit Beldanga in West Bengal's Murshidabad district on Sunday, even as shops were closed and roads wore a deserted look following back-to-back road blockades, stone pelting and assault on journalists on two consecutive days.

BOM9 MH-COURT-OLD CASES (01.57 PM)

Cold cases purge: After 5 decades, Mumbai court shutters Rs 7.65 theft case Mumbai: Nearly 50 years after the theft of Rs 7.65, a Mumbai court has finally dropped the curtain on a 1977 cold case involving two unidentified accused and a complainant who remained untraceable despite decades of police searches.

FOREIGN FGN14 WEF-INDIA (RPT) (04.41 PM)

India readies power-packed presence at WEF before global elite Davos: India is set for a power-packed representation at the World Economic Forum Annual Meeting in this Alpine resort town that will see the global elite discuss "a spirit of dialogue" in a fragmented world for five days beginning Monday.

FGN18 UK-TARIFFS-STARMER (02.44 PM)

UK PM Starmer protests Trump’s ‘completely wrong’ Greenland tariffs  London: British Prime Minister Keir Starmer has dubbed the additional tariffs threatened by US President Donald Trump over European countries opposed to his Greenland takeover as “completely wrong”.

FGN20 LANKA-INDIA-LD TOURISTS (03.42 PM)

Indians lead Sri Lanka tourists' arrival in 2025 Colombo: Sri Lanka received a total of 2.3 million tourists in 2025, with Indian travellers accounting for the largest share, according to figures released by the tourism authority.

PTI ARB ARB

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