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    India weathered Hormuz disruption without fuel shortages: Puri
    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
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
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    No concession or commitment on import of Ethanol for fuel blending from the United States
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    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    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
    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
    Show AI Summary
    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
    Show AI Summary
    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
    Show AI Summary
    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.

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      ICC T20 World Cup 2026: Defending Champions India Start as Favourites at Home

      February 11, 2026

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      Defending champions India will be showcasing their strengths in front of their fans Delhi, India (NewsVoir) Defending Champions and Co-Hosts India kick off their 2026 ICC T20 World Cup campaign on February 7 against the United States of America, who are currently mired by the suspension of USA Cricket ahead of the mega-event in India.

      After winning the 2024 T20 World Cup held in the USA and the West Indies, India bid adieu to Rohit Sharma, Virat Kohli, and Ravindra Jadeja as the experienced trio walked away from the shortest format of the game at the international stage.

      With Gautam Gambhir taking charge of the Men in Blue, Suryakumar Yadav was appointed as the captain of the Indian team in T20Is, as Abhishek Sharma, Tilak Varma, and Varun Chakravarthy stamped themselves as ever-presents for India.

      The Suryakumar-led side has since then grown leaps and bounds as India has solidified their spot at the top of the ICC T20I rankings. Abhishek and Tilak have grasped two of the top three spots in the batters’ rankings, while Varun Chakravarthy is ruling the roost in the bowlers’ list.

      Placed in Group A alongside arch-rivals Pakistan, the USA, Namibia, and the Netherlands, the Men in Blue should be one of the favorites to reach the Super Eight stage. Let’s have a look at how India heads into the tournament and whether their preparations are up to the mark as they will be defending the coveted trophy in front of their fans: India’s record since the 2024 T20 World Cup Triumph Indian cricket fans would have expected a topsy-turvy start to their new era, but Gambhir and Suryakumar have quashed their doubters by winning every T20I series in the build-up to the 2026 ICC T20 World Cup.

      Suryakumar kicked off his captaincy era with a bang against Sri Lanka and Bangladesh as the Men in Blue clean-swept both of their neighbors. While India won all three matches against Sri Lanka, including a win in the Super Over, the Men in Blue completely annihilated Bangladesh in all three fixtures, especially the 133-run win in the dead rubber, courtesy of a Sanju Samson century.

      While India got off to a good start to the Suryakumar era, their real test was yet to come as Gambhir’s men travelled to the rainbow nation to face South Africa for a 4-match T20I series.

      Both Samson and Tilak scored two centuries each to help India register a 3-1 win in the series, where they were expected to be heavily challenged by the Proteas. Chakravarthy scalped 12 wickets in 4 matches, including a 5-wicket haul in the only match India lost, as the seamers failed to support the spinners on a sluggish surface.

      England then toured India in January 2025, and the Men in Blue were clinical yet again, winning the series 4-1. After India had already wrapped up the series 3-1, Abhishek Sharma’s blitz of 135 runs off 54 balls helped India win the dead rubber by an emphatic margin of 150 runs.

      After winning the England series, India’s next T20I assignment came in September as the Men in Blue won the Asia Cup, defeating arch-rivals Pakistan thrice in a span of two weeks to lift the coveted trophy.

      After winning the Asia Cup, the Men in Blue went down under and defeated Australia in their own backyard, followed by a 3-1 win against South Africa at home and are now on course to win the New Zealand series as well, which is the last stop on the road to the 2026 ICC T20 World Cup.

      Squad Abhishek Sharma, Sanju Samson (wk), Ishan Kishan (wk), Tilak Varma, Suryakumar Yadav ©, Shivam Dube, Hardik Pandya, Rinku Singh, Axar Patel (vc), Washington Sundar, Harshit Rana, Arshdeep Singh, Varun Chakravarthy, Jasprit Bumrah, Kuldeep Yadav.

      Key Players for India The Men in Blue have the privilege of the playing XI being packed with a plethora of match-winners, with the likes of Shreyas Iyer and Kuldeep Yadav failing to break into the playing XI.

      #1 Abhishek Sharma The left-hand batter is mentored by Yuvraj Singh, the hero of India’s 2007 ICC T20 World Cup and 2011 ICC Cricket World Cup triumphs. It would be fair to say that Abhishek Sharma has emerged as the most prominent player in the last two years, smashing 1199 runs at a strike rate of more than 190.

      The ability to smack the ball out of the ground, maximum after maximum, has hurt opposition sides in the last two years, showcased by Abhishek’s stats of 2 centuries and 7 half-centuries. When we look at Sharma’s numbers in India, the average and strike rate both improve massively as the southpaw has scored 501 runs in 13 innings at a strike rate of 206.17.

      #2 Hardik Pandya Hardik Pandya is the most experienced T20I player in the side.

      The vice-captain of the Indian team in the 2024 ICC T20 World Cup triumph was arguably left high and dry as the captaincy armband was passed on from Rohit Sharma to Suryakumar Yadav after Gambhir’s appointment. Nonetheless, Hardik Pandya has proved to be undroppable with his crucial ability to score runs at a fast pace in the middle overs and often provides the finishing touches as well.

      Pandya enjoyed a memorable 2024 year in T20I cricket and has often been deployed as the second seamer in the run-in to the 2026 T20 World Cup. The all-rounder’s capabilities of taking the new ball and swinging it both ways has often proven to be a masterstroke, especially against left-hander opening batters.

      #3 Varun Chakravarthy Varun Chakravarthy was made the scapegoat of the embarrassment handed to India in the 2021 ICC T20 World Cup as the Kolkata Knight Riders’ mystery spinner failed to adjust to the pitches on offer in the United Arab Emirates.

      Since then, the former architect has developed a couple of new variations in his mystery spin bowling and has also improved the fielding and batting aspects of the game, becoming more than a single-trick pony as he was often called back in 2021.

      The spinner has scalped 55 wickets in 28 matches since the end of the 2024 T20 World Cup at a brilliant average of less than 13. The KKR spinner would be ready to unleash havoc with India playing its matches across the spin-friendly pitches of Colombo and Chennai, while bowling in Mumbai or Delhi could prove to be a challenge for the No. 1-ranked bowler in T20Is.

      Predicted Playing XI India: Abhishek Sharma, Sanju Samson (wk), Tilak Varma/Shreyas Iyer, Suryakumar Yadav ©, Shivam Dube, Hardik Pandya, Rinku Singh, Axar Patel, Arshdeep Singh, Varun Chakravarthy, Jasprit Bumrah.

      Contributed by- Mohak Arora, Parimatch Sports analytics expert (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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