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    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
    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)
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    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
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    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.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Rado True Round x Les Couleurs® Le Corbusier® Special Edition

      February 6, 2026

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      Celebrating the bold vision of a master of modernism New Delhi, Delhi, India (NewsVoir) Disruptive, captivating, iconic. Three words that characterise the work of Le Corbusier, the Swiss-born design visionary, whose unique and striking approach to architecture has been captured in a new collection of special-edition Rado timepieces - which may also be described by those same three words.

      The new releases are the latest output in a long-running collaboration between Rado and Les Couleurs Suisse®. For Rado, known as the Master of Materials, Le Corbusier’s bold designs and use of modern materials and statement colours strike a chord with its own approach to watchmaking and appetite for innovation. So far, the partnership has seen the release of 12 Rado watches, which focused on deploying contribution to modern architecture - which set the tone for the then-emergent Brutalist style - with each watch referencing one of his most epic projects.

      Minimalist elegance The first watch pays tribute to La Cité Radieuse, a vast, concrete apartment building in Marseille, France, completed in 1952, and which reimagined modern urban living. This special edition features an abstract inspiration of the building’s rough-cast, board-formed concrete, known as béton-brut, laser engraved in its high-tech ceramic dial. This offers a highly intricate interpretation of the concrete’s innate texture, with each minute detail intriguingly reflecting the light.

      Each watch in the series combines four shades from the Polychromie Architectural. First introduced in 1931, and extended in 1959, the palette was identified by the great designer as being eminently architectural, naturally harmonious and able to be combined in any way.

      This first watch is presented in Ivory White, reference 4320B, across its monobloc high-tech ceramic case and matching crown and bracelet, telling a story of pure, minimalist elegance. It is the first time that this specific colour has been deployed in high-tech ceramic. It’s worth remembering that the colour runs right through the material – the final hue is not just a coating or finish, but acquired during sintering, when it is heated to 1,450°C. Faithfully recreating an exact shade with this complex methodology is no small thing and took Rado’s experts years to perfect. This timepiece is complemented by hands in Lucent Sky Blue (32021), Luminous Ultramarine Blue (32020) and Light Ultramarine Blue (32023).

      Monochromatic power The second watch honours the Carpenter Center for the Visual Arts, in Cambridge, Massachusetts, in the USA. In a region so closely associated with American history, the Center’s bold aesthetic was a stark contrast against the leafy squares and Georgian architecture of Harvard University. As the only building Le Corbusier designed in North America – and one of his last, completed in 1963 – it is part of the nation’s cultural heritage.

      An abstract evocation of its moulded concrete facade features in the dial of this special edition, similarly laser engraved in high-tech ceramic. Showcased in Iron Grey – specifically 32010 from the Polychromie Architectural – the piece conveys the monochromatic power of raw concrete, a material which allowed for the more disruptive, sculptural forms so associated with Le Corbusier. The watch’s lacquered hands offer a dramatic juxtaposition against the dial, in three additional colours from his palette: Cream White (32001), Powerful Orange (4320S) and Slightly Greyed English Green (32041).

      Monumental design The final watch in the series celebrates Le Corbusier’s capacity to conceptualise ideas on a truly epic scale through his visionary plan for Chandigarh, India. Conceived as a completely new capital for Punjab, he imagined a more rational, efficient city with a geometric ‘grid’ layout, shared principles for architectural design, and nature carefully integrated – a design legacy that would shape urban planning throughout the rest of the 20th century.

      This special edition includes a dial design inspired by detail from the Palace of Assembly, one of three public buildings known as the Capitol Complex, completed in 1962. An abstract inspiration of a section of this monumental building’s facade is laser engraved in the dial, within a darker palette still. Here, the high-tech ceramic monobloc case, crown and bracelet appear in Ivory Black - 4320E from the Polychromie Architectural – accompanied by lacquered hands in Powerful Orange (4320S), Emerald Green (4320G) and Olive Green (4320F).

      Sensuous and scratch-proof The reverse of all three watches features 63 digitally printed colour strips - representing the full spectrum of the Polychromie Architectural. They encircle the view of the Rado calibre R763 automatic movement within, which can be seen through a flat sapphire crystal that features the logo of Le Corbusier at its centre. The colour strips also decorate the presentation box each watch is supplied in.

      On the wrist, the watch’s high-tech ceramic construction feels impossibly light and beautifully comfortable – the material quickly matches body temperature – while the material’s sensuous qualities are magnetically alluring. The almost scratch-proof characteristics of high-tech ceramic lend it unrivalled durability, just like Le Corbusier’s beloved concrete, while the Rado calibre R763 automatic movement’s 80-hour power reserve – and waterresistance to 5 bar (50 metres) – give it astonishing practicality.

      This architecturally inspired collection, pairing the father of modernism with the watchmaking vision of Rado, Master of Materials, represents a poignant new chapter in the story of Swiss design.

      Rado x Design Creativity is the lifeblood of Rado and has long been a part of the brand’s identity. Over the years, it has been involved in more than thirty collaborations with some of the world’s most visionary artists and designers, including luminaries such as Le Corbusier. Each project serves to open Rado to new horizons. Accordingly, its passion for design shares pride of place with the brand’s unending mission to discover and develop innovative materials, and is at the core of the brand’s identity, expressed as ‘Design You Can Feel’.

      About Le Corbusier Born Charles-Édouard Jeanneret in 1887, in the Swiss watch capital La Chaux-de-Fonds, Le Corbusier adopted his famous pseudonym in 1920, reflecting his own belief in reinvention and a trend for artists at the time to be known by a single name. That spark of maverick originality runs through the full gamut of his output, which included urban planning, furniture design, painting and writing. While he also enjoyed an earlier career as a watch engraver, it is arguably his architectural legacy that cemented his reputation as a pioneer – indeed as the ’father’ of modern architecture – with many of his disruptive, captivating designs still celebrated today.

      About the collaboration Today Les Couleurs Suisse® is exclusively mandated by the Fondation Le Corbusier to license the great designer’s original palette of architectural colours, the Polychromy Architectural (www.lescouleurs.ch/en/thecolours/le-corbusier). This dynamic colour system with a total of 63 colours, developed by the father of modernism and international design and style in 1931 and 1959, is to this day considered the ultimate system for colouring architecture and interiors. As both Rado and Corbusier are considered masters of materials, it makes sense that Rado has introduced Corbusier’s colours in high-tech ceramic.

      Rado True Round x Les Couleurs® Le Corbusier® Special Edition Ref.

      R27049012 Movement Rado calibre R763, automatic, 25 jewels, 3 hands, 80-hour power reserve, antimagnetic Nivachron™ hairspring, exceeds standard test requirements from 3 to 5 positions for higher accuracy Case Matt Ivory White 4320B high-tech ceramic case and crown, monobloc construction Titanium case back with digital printing on sapphire crystal, featuring Le Corbusier Polychromie Architectural colour strips Curved sapphire crystal with anti-reflective coating on both faces Water-resistant to 5 bar (50m) Dial Ivory White 4320B high-tech ceramic Laser-engraved abstraction of a concrete surface found at La Cité Radieuse, Marseille, France Hands Lucent Sky Blue 32021 hour hand Luminous Ultramarine Blue 32020 minute hand Light Ultramarine Blue 32023 second hand Bracelet Matt Ivory White 4320B high-tech ceramic Titanium 3-fold clasp Dimensions 40.0 x 47.3 x 10.4 (W x L x H in mm) Rado True Round x Les Couleurs® Le Corbusier® Special Edition Ref.

      R27048162 Movement Rado calibre R763, automatic, 25 jewels, 3 hands, 80-hour power reserve, antimagnetic Nivachron™ hairspring, exceeds standard test requirements from 3 to 5 positions for higher accuracy Case Matt Iron Grey 32010 high-tech ceramic case and crown, monobloc construction Titanium case back with digital printing on sapphire crystal, featuring Le Corbusier Polychromie Architectural colour strips Curved sapphire crystal with anti-reflective coating on both faces Water-resistant to 5 bar (50m) Dial Iron Grey 32010 high-tech ceramic Laser-engraved abstraction of a concrete surface found at the Carpenter Center for the Visual Arts, Cambridge, Massachusetts, USA Hands Cream White 32001 lacquered hour hand Powerful Orange 4320S lacquered minute hand Slightly Greyed English Green 32041 lacquered second hand Bracelet Matt Iron Grey 32010 high-tech ceramic Titanium 3-fold clasp Dimensions 40.0 x 47.3 x 10.4 (W x L x H in mm) Rado True Round x Les Couleurs® Le Corbusier® Special Edition Ref.

      R27111162 Movement Rado calibre R763, automatic, 25 jewels, 3 hands, 80-hour power reserve, antimagnetic Nivachron™ hairspring, exceeds standard test requirements from 3 to 5 positions for higher accuracy Case Matt Ivory Black 4320E high-tech ceramic case and crown, monobloc construction Titanium case back with digital printing on sapphire crystal, featuring Le Corbusier Polychromie Architectural colour strips Curved sapphire crystal with anti-reflective coating on both faces Water-resistant to 5 bar (50 metres) Dial Ivory Black 4320E high-tech ceramic Laser-engraved abstraction of a concrete surface found at the Palace of Assembly, Chandigarh, India Hands Powerful Orange 4320S lacquered hour hand Emerald Green 4320G lacquered minute hand Olive Green 4320F lacquered second hand Bracelet Ivory Black 4320E high-tech ceramic Titanium 3-fold clasp Dimensions 40.0 x 47.3 x 10.4 (W x L x H in mm) (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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