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    Rupee settles with 5 paise gain at 95.17 against US dollar
    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, ...
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August 7, 2026
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Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
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
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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.

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Samsung Galaxy F70e – Redefining Everyday Performance

February 12, 2026

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Pune, February 9, 2026: Samsung, one of the leading global smartphone brands, recently launched the first smartphone of its all-new Galaxy F70 series, the Samsung Galaxy F70e 5G. Designed to cater to the ever-evolving needs of the young Gen Z users, the Galaxy F70e 5G brings a cutting-edge imaging system, a premium leather-pattern finish, and a vibrant display to the budget segment.

While the Samsung F70e’s price makes it an affordable device, you can make the purchase even more convenient. By shopping for the Galaxy F70e 5G on Easy EMIs from Bajaj Finserv, you can enjoy quick approvals, customised payment terms, and zero down payment options on select models. This way, you won’t have to make a large lump sum payment; you can own the new smartphone and pay for it in bite-sized instalments! Samsung Galaxy F70e 5G - An affordable powerhouse The Samsung Galaxy F70e 5G houses a large 6,000 mAh battery and runs on the mid-range MediaTek Dimensity 6300 chipset, ensuring long-lasting, powerful performance. This device has also been built to withstand everyday spills, splashes, and light rains, as indicated by its IP54 rating. The Galaxy F70e 5G sets a new benchmark for value-for-money mobiles in the country, offering premium features at an affordable price.

Key specifications: • Display: 6.7-inch HD+ LCD display, 120 Hz refresh rate • Processor: MediaTek Dimensity 6300 octa-core • RAM: 4GB/6GB LPDDR4X • Storage: 128GB, expandable up to 2TB • Rear Camera: 50MP main + 2MP depth • Front Camera: 8MP • Battery: 6,000 mAh with 25W Fast Charging • OS: Android 16 • Build: IP54 (dust and splash resistance) • Colours: Limelight Green, Spotlight Blue Sharp portraits - Best-in-segment imaging system The Galaxy F70e 5G offers best-in-class cameras, including a high-res 50MP main sensor that captures incredible landscapes, sunsets, and candid moments with vibrant colours and rich detail. The main lens, along with the depth camera, delivers stunning portrait images by gently blurring the background while keeping the subject in focus. Using Night Mode, you can click brighter and highly detailed shots even in dimly-lit environments.

Camera features: • Rear video: 1080p @ 30fps • Shooting modes: Hyperlapse, Night, Panorama, Photo, Portrait, Pro, Slow Motion Ultra-smooth visuals - Display that impresses The Samsung Galaxy F70e 5G sports an impressive 6.7-inch HD+ display with a 120 Hz refresh rate, offering visual clarity and ultra-smooth scrolling. Its High Brightness Mode makes it easier to view the phone’s contents when you are outdoors, ensuring clear, vivid visuals.

Display highlights: • 720 x 1600 pixel resolution (HD+) • 260 PPI pixel density with 16M colours • 120 Hz refresh rate Premium performance - Multitasking made easy The Galaxy F70e 5G runs on the MediaTek Dimensity 6300 octa-core processor, which guarantees smooth multitasking and lag-free performance. From juggling multiple apps to running demanding tasks, the smartphone handles every situation effortlessly.

Performance highlights: • Octa-core processor clocking up to 2.4 GHz • ARM Mali G57 GPU for enhanced overall visual experience • Android 16 OS for optimised user experience Durable battery - Power that lasts Under the rear panel, the device houses a large 6,000 mAh battery that powers the smartphone for two days on a single charge. The 25W Fast Charging support ensures quick refills, while Samsung’s latest One UI 8 optimisation ensures efficient power usage over time.

Battery features: • 6,000 mAh Li-ion battery • 25W Fast Charging support Stunning design - A mobile that looks and feels premium Blending modern aesthetics with everyday practicality, the Galaxy F70e 5G sports an elegant leather finish on the back. Its sleek profile offers a comfortable grip, while its IP54 rating makes it a practical choice for daily commutes and outdoor use.

Design highlights: • Slim 8.2mm profile • Limelight Green and Spotlight Blue colour options • Premium leather pattern finish at the back Samsung Galaxy F70e 5G - Pricing and variants The Galaxy F70e 5G offers excellent value for money, providing premium features in the budget segment. The Samsung F70e’s price also makes it easily accessible, and the smartphone comes in two RAM options: • 4GB RAM + 128GB ROM - Rs. 11,999* (introductory price) • 6GB RAM + 128GB ROM - Rs. 12,999* * Disclaimer: Prices and specifications are based on available sources and may vary by region or retailer. For the latest price and offers, please visit a Bajaj Finserv partner store.

Upcoming launches by Samsung While the Samsung F70e’s price makes it an irresistible option in the budget segment, the company is preparing to launch a few other models across the board. Some of these include: 1. Samsung Galaxy Z TriFold In December, Samsung officially announced the launch of its futuristic device, the Samsung Galaxy Z TriFold, ushering in a new era of smartphone design. When unfolded, you are treated to a massive 10-inch display that redefines smartphone innovation. It also sports a revolutionary 200MP camera and runs on the flagship Snapdragon 8 Elite Mobile Platform for Galaxy. The device is expected to be made available in the Indian market in mid-to-late 2026.

2. Samsung Galaxy S26 series Another eagerly awaited launch is in the works, as Samsung is gearing up to unveil the Samsung Galaxy S26 series on February 25, 2026. The Galaxy S26 series will include the base variant, the Galaxy S26, along with the Galaxy S26 Plus (mid-tier) and the top-spec Galaxy S26 Ultra. According to rumours, the company has made several design changes to the Galaxy S26 series models, including a unified camera module and a thinner profile. Besides the design, these phones are expected to bring advancements in camera technology and performance capabilities.

Easy EMIs make premium phones affordable and accessible Whether you wish to buy the pocket-friendly Galaxy F70e 5G or a new flagship from the company, you can now make your choice without worrying about the price tag. With Bajaj Finserv Easy EMIs, you can split the cost into affordable EMIs, with flexible tenures ranging from 3 to 60 months. You can also visit any of the 1.5 lakh+ Bajaj Finserv partner stores spread across the country to shop for a new phone! Why you should purchase the Galaxy F70e 5G from a Bajaj Finserv partner store The Samsung F70e’s price makes it a strong contender in the budget segment. Whether you wish to purchase this value-driven smartphone or any other top-tier flagship, buying it from a Bajaj Finserv partner store gives you a wide range of benefits: • Easy EMIs: You can split the bill into affordable monthly instalments.

• Zero down payment: Select models do not require any upfront payment.

• Maha Bachat Savings Calculator: You can combine brand, dealer, and EMI offers to see total savings instantly.

• Flexible tenures: You can choose a tenure based on your convenience and financial capacity.

• Quick approval: Get instant loan approval with minimal paperwork.

Bajaj Finance Limited Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.

To know more, visit www.bajajfinserv.in.  (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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