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    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
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Protesters demand immigration agents leave Minneapolis after man is shot, killed during crackdown

      January 25, 2026

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      Minneapolis, Jan 25 (AP) Democrats demanded that federal immigration officers leave Minnesota after a US Border Patrol agent fatally shot a man in Minneapolis, drawing hundreds of protesters onto the frigid streets and increasing tensions in a city already shaken by another shooting death weeks earlier.

      Family members identified the man who was killed as Alex Pretti, a 37-year-old intensive care unit nurse who protested President Donald Trump's immigration crackdown in his city. After the shooting, an angry crowd gathered, and protesters clashed with federal officers, who wielded batons and deployed flash bangs.

      A federal judge has already ruled that officers participating in the federal immigration enforcement surge in Minnesota can't detain or tear gas peaceful protesters who aren't obstructing authorities, including when these people are observing the agents.

      That decision came in a case brought by the American Civil Liberties Union on behalf of Minnesota activists. Minnesota and its two largest cities, Minneapolis and St. Paul, have also sued the Trump administration, making similar arguments that the federal officers are violating the constitutional rights of Twin Cities residents.

      The Minnesota National Guard was assisting local police at the direction of Gov. Tim Walz, officials said. Guard troops were sent to both the shooting site and a federal building where officers have squared off with demonstrators daily.

      Information about what led up to the shooting was limited, Police Chief Brian O'Hara said.

      Department of Homeland Security spokesperson Tricia McLaughlin said in a statement that federal officers were conducting an operation and fired “defensive shots” after a man with a handgun approached them and “violently resisted” when they tried to disarm him.

      In bystander videos of the shooting that emerged soon after, Pretti is seen with a phone in his hand, but none appear to show him with a visible weapon.

      O'Hara said police believe he was a “lawful gun owner with a permit to carry.” DHS Secretary Kristi Noem said during a news conference that Pretti had shown up to “impede a law enforcement operation.” She questioned why he was armed but did not offer details about whether Pretti drew the weapon or brandished it at officers.

      The officer who shot him is an eight-year Border Patrol veteran, federal officials said.

      Trump blames Democrats -------------------------------- The president weighed in on social media by lashing out at Walz and the Minneapolis mayor.

      He shared images of the gun that immigration officials said was recovered and said, “What is that all about? Where are the local Police? Why weren't they allowed to protect ICE Officers?” Trump, a Republican, said the Democratic governor and mayor are “inciting Insurrection, with their pompous, dangerous, and arrogant rhetoric.” Rep. Alexandria Ocasio-Cortez of New York was among several Democratic lawmakers demanding that federal immigration authorities leave Minnesota. She also urged Democrats to refuse to vote to fund US Immigration and Customs Enforcement, saying via social media: “We have a responsibility to protect Americans from tyranny.” Senate Democratic Leader Chuck Schumer later said that Democrats will not vote for a spending package that includes money for DHS, which oversees ICE. Schumer's statement increases the possibility that the government could partially shut down Jan. 30 when funding runs out.

      Pretti was shot just over a mile from where an ICE officer killed 37-year-old Renee Good on Jan. 7, sparking widespread protests.

      Pretti's family released a statement Saturday evening saying they are “heartbroken but also very angry” and calling him a kindhearted soul who wanted to make a difference in the world through his work as a nurse.

      “The sickening lies told about our son by the administration are reprehensible and disgusting. Alex is clearly not holding a gun when attacked by Trump's murdering and cowardly ICE thugs. He has his phone in his right hand, and his empty left hand is raised above his head while trying to protect the woman ICE just pushed down, all while being pepper-sprayed," the family statement said. “Please get the truth out about our son. He was a good man.” The video shows officers and the man who was shot ------------------------------------------------------------- In a bystander video obtained by The Associated Press, protesters are heard blowing whistles and shouting profanities at federal officers on Nicollet Avenue.

      An officer shoves a person who is wearing a brown jacket, skirt and black tights and carrying a water bottle. That person reaches out for a man, and the two link up, embracing. The man, wearing a brown jacket and a black hat, seems to be holding his phone up toward the officer.

      The same officer shoves the man in his chest, and the two, still embracing, fall back.

      The video shifts to a different part of the street and then comes back to the two individuals unlinking from each other. It shifts focus again and then shows three officers surrounding the man.

      Soon, at least seven officers surround him. One is on his back, and another, who appears to have a canister in his hand, strikes a blow to his chest. Several officers try to bring the man's arms behind his back as he appears to resist. As they pull his arms, his face is briefly visible. The officer with the canister strikes him near his head several times.

      A shot rings out, but with officers surrounding the man, it's not clear where it came from. Multiple officers back off. More shots are heard. Officers back away, and the man lies motionless on the street.

      The police chief appealed for calm, both from the public and from federal law enforcement.

      “Our demand today is for those federal agencies that are operating in our city to do so with the same discipline, humanity and integrity that effective law enforcement in this country demands,” the chief said. “We urge everyone to remain peaceful." Gregory Bovino of US Border Patrol, who has commanded the administration's big-city immigration campaign, said the officer who shot the man had extensive training as a range safety officer and in using less-lethal force.

      “This is only the latest attack on law enforcement. Across the country, the men and women of DHS have been attacked, shot at,” he said.

      Walz said he had no confidence in federal officials and that the state would lead the investigation into the shooting.

      But Drew Evans, superintendent of the Minnesota Bureau of Criminal Apprehension, said during a news conference that federal officers blocked his agency from the scene even after it obtained a signed judicial warrant.

      Protests continue ----------------------- Demonstrations broke out in several cities across the country, including New York, Washington and Los Angeles.

      In Minneapolis, protesters converged at the scene of the shooting despite dangerously cold weather — by the afternoon, the worst of an extreme cold wave was over, but the temperature was still -6 degrees Fahrenheit (-21 degrees Celsius).

      An angry crowd gathered after the shooting and screamed profanities at federal officers, calling them “cowards” and telling them to go home. One officer responded mockingly as he walked away, telling them: “Boo hoo.” Agents elsewhere shoved a yelling protester into a car. Protesters dragged garbage dumpsters from alleyways to block streets, and people chanted “ICE out now” and “Observing ICE is not a crime.” As dark fell, hundreds of people mourned quietly by a growing memorial at the site of the shooting. Some carried signs saying “Justice for Alex Pretti.” Others chanted Pretti's and Good's names. A doughnut shop and a clothing store nearby stayed open, offering protesters a warm place as well as water, coffee and snacks.

      Caleb Spike said he came from a nearby suburb to show his support and his frustration. “It feels like every day something crazier happens,” he said. “What's happening in our community is wrong, it's sickening, it's disgusting.” (AP) SKS SKS

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