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    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)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
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    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
    Show AI Summary
    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
    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
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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.
    August 6, 2026
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    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.

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      News and Press Release

      31 FDI PROPOSALS APPROVED

      January 29, 2009

      Contents
      Summary
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      Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 9th January, 2009, Government has approved 31 Proposals of Foreign Direct Investment amounting to Rs. 1277.23 Crore approximately.  The proposals relate to Ministries/Departments, namely, Commerce, Economic Affairs, Telecommunication, Urban Development, Civil Aviation, Industrial Policy & Promotion, Post and Information & Broadcasting.                                                                                                                                                                                   

      Details of the proposals approved are as follows:

      Sl. No.

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      COMMERCE

      1

      M/s Paul Hartmann Finance B.V. Netherlands

      To set up a WOS to undertake wholesale trading.  The proposal attracts Press Note 1 of 2005.

      1.70

      2

      M/s Now (Asia) INC. Mauritius

      To manufacture equipment relating to petroleum sector, wholesale trading to customers only in the Petroleum sector.  The proposal attracts Press Note 1 of 2005.

      28.00

      ECONOMIC AFFAIRS

      3

      M/s Alcatel Lucent India Ltd., New Delhi

      Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

      No Fresh Inflow

      4

      M/s Ramky Enviro Engineers Ltd., Hyderabad

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      320.00

      5

      M/s Rama Cylinders Pvt. Ltd., Mumbai

      To issue and allot fully funded/ paid warrants.

      84.03

      6

      M/s Universal Music India Pvt. Ltd., Mumbai

      Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

      1.20

      7

      M/s Cambridge Technology Enterprises Ltd., Hyderabad

      Transfer of shares by way of share swap and issuance of warrants.

      0.20

      8

      M/s Si2 Microsystems Ltd., Bangalore

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      62.332

      9

      M/s Haven Stead Developer Ltd., Chennai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      25.00

      10

      M/s Easiprocess Pvt. Ltd., Bangalore

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      2.00

      11

      M/s Millennium Holdings Ltd., Mauritius

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      14.79

      12

      M/s CMS Computers Ltd., Mumbai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      190.00

      13

      M/s Directi Internet Solution Pvt. Ltd., Mumbai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      No Fresh Inflow

      14

      M/s Bridgestone Corporation, Japan

      Conversion of operating company into an operating cum holding company to make further downstream investment.  The proposal also attracts Press Note 1 of 2005.

      33.30

      15

      M/s Neilsoft Ltd., Pune

      Transfer of shares by way of share swap.

      No Fresh Inflow

      16

      M/s Kaefer Punj Lloyd Ltd., Gurgaon

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      25.16

      TELECOMMUNICATION

      17

      M/s Bharti Telemedia Limited (No.344/2008-FC.I)

      Ex-post facto approval for indirect foreign investment in a company engaged in Teleport sector.

      No Fresh Inflow

      URBAN DEVELOPMENT

      18

      M/s Isolux Corsan Indian Engineering & Construction Pvt. Ltd., Gurgaon

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      01.0

      CIVIL AVIATION

      19

      M/s Kerns Aero Products Pvt. Ltd.

      (i) To issue shares against technical know how fee, training and supply of designs and (ii) issue of warrants.

      10.00

      INDUSTRIAL POLICY & PROMOTION

      20

      M/s Phillips Electronics India Ltd.

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      No Fresh Inflow

      21

      M/s Morgan Stanley Financial Services Pvt. Ltd.

      Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

      100.00

      22

      M/s Radha Krishna Hospitality Services Ltd.

      Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

      No Fresh Inflow

      TELECOMMUNICATION

      23

      M/s Pacific Internet Ltd.

      To change the shareholding structure.  The company is engaged in providing internet services.

      15.84

      24

      M/s Onmobile Global Ltd.

      Transfer of the shares held by the company in favour of their 100% WOS.

      No Fresh Inflow

      URBAN DEVELOPMENT

      25

      M/s Cushman & Wakefield India Pvt. Ltd.

      To delete one of the Clause of the FC approval.

      No Fresh Inflow

      COMMERCE

      26

      M/s ZF Friendrichsafen AG, Germany

      To set up a new Joint Venture Company for manufacturing and marketing of rubber and rubber-to-metal parts for automotive industry, agriculture and construction machinery, railway and construction application.  The proposal attracts Press Note 1 of 2005.

      0.005

      POST

      27

      M/s Continental Air Express Pvt. Ltd.

      Induction of foreign investment in courier services.

      0.02

      ECONOMIC AFFAIRS

      28

      M/s Dun & Bradstreet Information Services India Pvt. Ltd., Mumbai

      To make investment of funds from its internal accruals or out of fresh remittances from the overseas company or by way of a combination of internal accruals and fresh remittances from the overseas company for equity participation of a minimum of 51% of the paid up equity share capital and also make further investments.

      No Fresh Inflow

      29

      M/s Keystone Realtors Pvt. Ltd., Mumbai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      300.00

      INFORMATION & BROADCASTING

      30

      M/s South Asian Regional Investments Singapore Pte Ltd., (2) M/s South Asian Regional Investment Singapore II Pte Ltd., Singapore

      Sale and transfer of shares from resident shareholders to non-resident for owning and operating a language channel.  The proposal also attracts Press Note 1 of 2005.

       

      60.00

      31

      M/s Dow Jones & Company Inc., USA

      To make a WoS to carry out the publishing of facsimile editions of newspapers.

      2.16

                  The following 17 proposals have been deferred:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      The Bank of Nova Scotia, Canada

      To set up a WOS to undertake wholesale trading and hedging in precious metals etc.

      2

      M/s DNATA, UAE

      To set up a JV company to provide ground handling services for both domestic and international operators as well as cargo handling and related services.

      3

      M/s Dynamatic Technologies Ltd., Bangalore

      Ex-post facto approval for engaging in the business of defense and strategic industries.

      4

      M/s Indtech Construction Pvt. Ltd., New Delhi

      Transfer of rights attached with warrants exercisable into equity shares.

      5

      M/s Sanlam Investment Management (Pty) Ltd., South Africa

      Issue of warrants and conversion of operating company into an operating cum holding company to make further downstream investment.  One of the downstream subsidiaries is engaged in the commodity broking.

      6

      M/s Logix Microsystems Ltd., Bangalore

      Transfer of shares by way of share swap.

      7

      M/s ABG Bulk Handling Pvt. Ltd., Mumbai

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      8

      M/s Noida Softwares Technology Park Ltd.

      Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

      9

      M/s Mahindra Forgings Ltd.

      Transfer of shares from a resident to a non-resident on a Stock Exchange.

      10

      M/s ABG Kandla Container Terminal Ltd.

      Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

      11

      M/s ELbee Express Pvt. Ltd.

      To issue and allot Cumulative Compulsory Convertible Preference shares.  The company is engaged in the business of providing courier and logistics services.

      12

      M/s Chorus Call Conferencing Services India Pvt. Ltd.

      To increase the FDI from existing 51% to 74% of the paid up capital of the company in telecom sector.

      13

      M/s World Space (I) Pvt. Ltd.

      To provide/undertake the activities of web based services.

      14

      M/s Genworth Financial Inc, USA

      Amendment in the existing FIPB approval.

      15

      M/s High Mark Credit Information Services Pvt. Ltd., Mumbai

      To issue and allot up to 10% of the issued share capital.

      16

      M/s Broadband Pacenet (India) Pvt. Ltd., Mumbai

      Induction of foreign equity  by way of subscribing to or acquisition of shares up to 74% equity of the company

      17

      M/s JT International Mauritius Pvt. Ltd

      To increase in foreign shareholding from 50% to 74%.

                  The following 4 proposal has been rejected:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s RBS Credit and Financial Development Pvt. Ltd., Kolkata

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      2

      M/s Vatika Limited, New Delhi

      To retain the completed non FDI compliant projects/ assets and to exercise the option to retain the incomplete non-FDI complaint projects/ assets, post the infusion of FDI from various sources.

      3

      M/s GSR Sugars Pvt. Ltd., Hyderabad

      To issue "share option" convertible into equity shares.

      4

      M/s Meta Telecom Pvt. Ltd.

      Increase in Foreign equity from 40% to 73.45% in a company engaged in ILD and NLD Services.

      The following three proposals have been recommended for the consideration of CCEA, as the investment involved in the proposals is above Rs. 600.00 Crore.      

      Sl. No

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      1

      M/s Orange Realty Pvt. Ltd., New Delhi

      Conversion of operating company into an operating cum holding company to make further downstream investment.

      2051.00

      2

      M/s NTT Docomo Inc., Japan

      Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

      12924.00

      3

      M/s NTT Docomo Inc., Japan$

      Post facto approval for conversion of operating company into an operating cum holding company to make further downstream investment.

      949.07

      $          The Proposal will be placed before CCEA only after receipt of security clearance from MHA.           

      The following 1 (One) proposal has been withdrawn by the applicant.

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s. EZY Infosoft Private Limited, Chandigarh

      Conversion of operating company into an operating cum holding company, transfer of shares by way of share swap.  Proposal also attracts Press Note 1 of 2005.

      ******

      BSC/BY/GN-20/09

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      ActsIncome Tax