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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
    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
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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
    Show AI Summary
    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
    Show AI Summary
    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.

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      News and Press Release

      Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above

      May 25, 2026

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      PAIMANA Portal Tracks 1,981 Infrastructure Projects worth ₹42.78 lakh crore as of April 2026

      The Ministry of Statistics and Programme Implementation (MoSPI) continues to strengthen monitoring of Central Sector infrastructure projects through its PAIMANA platform, enabling improved tracking, timely reviews, and data-driven decision-making across Ministries. The portal tracks 1,981 Infrastructure Projects worth of ₹42.78 lakh crore as of April 2026.

      Key Highlights

      • As of April 2026, 1,981 ongoing infrastructure projects, with a total revised cost of ₹42.78 lakh crore, are being monitored across 17 Central Ministries/Departments. The cumulative expenditure incurred on these projects stands at ₹20.36 lakh crore, accounting for approximately 47.59 per cent of the revised project cost, indicating steady progress in project implementation.
      • A significant proportion of projects are at advanced stages, with 801 projects (~40%) achieving over 80% physical progress, while 277 (~14%) have crossed 80% financial completion. The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation.
      • The Transport & Logistics sector (as per the DEA’s Harmonized Master List) accounts for the highest number of ongoing projects (1459 projects), with revised estimates of ₹23.34 lakh crore underscoring priority to connectivity-driven infrastructure growth.
      • 1,981 ongoing infrastructure projects include 814 Mega projects(project cost of ₹1,000 crore & above) with an original cost of ₹31.63 lakh crore, and 1,167 Major projects(project cost below ₹1,000 crore and up to ₹150 crore) amounting to ₹5.49 lakh crore.
      • Physical and financial progress broadly move in tandem, with a large number of projects clustered at the initial (0–20%) and advanced (81–100%) stages, indicating a pipeline of newly-started projects alongside many nearing completions. While physical progress exceeds financial progress in the 81–100% range, financial progress is relatively higher in the early stages, reflecting upfront expenditure patterns in project implementation.

      2.   Ministry/ Departments-wise progress of Infrastructure Projects

      • Ministry of Road Transport & Highways accounts for the highest number of projects, with 1137 projects (57%), and also commands the largest share of total revised project cost of ₹10.81 lakh crore (25%), highlighting its central role in national infrastructure development.
      • Ministry of Railways is implementing 260 projects (13%), and constitutes the second largest share of total revised project cost at ₹8.69 lakh crore (20%).
      • Ministry of Coal accounts for implementing 128 projects (7%), with a total revised project cost of ₹2.49 lakh crore (6%).
      • The Ministry of Petroleum & Natural Gas, Ministry of Power, Ministry of Housing & Urban Affairs, and the Department of Water Resources, River Development & GR are implementing 112, 102, 51, and 48 projects, with associated revised costs of ₹5.19 lakh crore, ₹5.53 lakh crore, ₹3.75 lakh crore, and ₹2.25 lakh crore, respectively.
      • The remaining 143 projects (7%), with a total revised cost of ₹4.08 lakh crore (10%), are distributed across various Ministries/Departments including Higher Education, Civil Aviation, Steel, Telecommunications, Labour & Employment, Ports, Shipping & Waterways, Health & Family Welfare, Mines, DPIIT, and Sports. (Refer Annexure)

      3.  Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) Progress of Infrastructure Projects

      • Transport & Logistics remains the dominant sector, accounting for 55% of total revised cost (₹23.34 lakh crore) across 1,459 projects (74 % of the total Projects), underscoring the central role of Roads & Highways, Railways, Aviation, Urban Public Transport, Shipping, and Inland Waterways in economic integration and logistics efficiency.
      • The Energy sector follows with 27% of aggregated revised cost (₹11.30 lakh crore) across 221 projects, reflecting sustained emphasis on Oil & Gas infrastructure, electricity generation, transmission and distribution networks, and energy storage systems.
      • Communication infrastructure, with a revised cost of ₹2.73 lakh crore (6%) across 12 projects, represents targeted interventions aimed at strengthening digital connectivity.
      • Water & Sanitation projects account for ₹2.30 lakh crore (5%) across 67 projects, highlighting continued focus on essential urban services.
      • Social & Commercial infrastructure, comprising 77 projects with a revised cost of ₹0.91 lakh crore (2%), reflects selective investments in education, healthcare, real estate, and tourism, hospitality and wellness.
      • Projects classified under ‘Others’, amounting to ₹2.21 lakh crore (5%) across 145 projects, indicate diversification across sectors such as coal, steel, metals, and mining.

      (Refer Annexure II)

      4.   Completed Projects and New Additions

      • During April 2026, 9 projects were commissioned, including major assets in Housing & Urban Affairs, Railways, Power, Road Transport & Highways, and Labour & Employment. Notable commissioned projects include the “Flyover at Km.544.650 including ROB, Service Roads, Footpath for RCC drains on urban link to Nagpur-Raipur Road Pardi octroi Naka to Itwari (₹ 758.4 crore)” from Ministry of Road Transport & Highways, “Transmission system for evacuation of power from REZ in Rajasthan 20GW under Phase-III Part E1 (₹ 688.74crore)from Ministry of Power and “Jabalpur Sewerage Management and Treatment Infrastructure Project (₹ 362.31 crore)”  ” from Ministry of Housing & Urban Affairs.
      • During April 2026, 55 additional projects were brought under the monitoring of PAIMANA. The projects are from the Ministry of Road Transport & Highways, Ministry of Railways, Ministry of Power, Department for Promotion of Industry & Internal Trade, Ministry of Petroleum & Natural Gas, Ministry of Coal, Ministry of Housing & Urban Affairs, Department of Higher Education. These include:
        • Project - “Bangalore Metro Rail Project - PHASE-3” (₹ 15,611 crore)ofMinistry of Housing & Urban Affairs.
        • “Kalai-II Hydro Electric Project [1200 MW]” (₹ 14,105.83 crore) of Ministry of Power.
        • “Development of Zaheerabad Node under Hyderabad Nagpur Industrial Corridor” (₹ 2,360 crore) of Department for Promotion of Industry & Internal Trade.

      5.   Next date of Press Release: Flash Report for the month of May 2026 would be released on 25th June 2026.

      Note

      1. The press release summarizes highlights from the MoSPI’s Flash Report (April 2026) on Central Sector Infrastructure Projects (₹150 crore and above), available at,  https://paimana-proj.mospi.gov.in/ or via the QR code.

      1. PAIMANA is a centralized web-based portal for monitoring of Central Sector Infrastructure Projects worth ₹150 crore and above. Operating on the "one data, one entry" principle, it integrates with DPIIT’s IPMP portal via APIs to automatically update more than 70% of project data from various Ministries/Departments. PAIMANA also serves as a national repository designed to standardize infrastructure monitoring and support informed decision-making for nation-building.

      Annexure I

      Ministry/ Departments-wise progress of Central Sector Infrastructure Projects

      S. No

      Ministry/ Department

      Project Count (number)

      Revised Cost

      (₹ Lakh cr.)

      Cumulative Expenditure           (₹ Lakh cr.)

      1

      Ministry of Road Transport & Highways

      1137

      10.81

      3.70

      2

      Ministry of Railways

      260

      8.69

      5.79

      3

      Ministry of Coal

      128

      2.49

      0.80

      4

      Ministry of Petroleum & Natural Gas

      112

      5.19

      3.03

      5

      Ministry of Power

      102

      5.53

      2.01

      6

      Ministry of Housing & Urban Affairs

      51

      3.75

      2.00

      7

      Department of Water Resources, River Development & GR

      48

      2.25

      1.62

      8

      Department of Higher Education

      30

      0.15

      0.08

      9

      Ministry of Civil Aviation

      26

      0.23

      0.11

      10

      Ministry of Health & Family Welfare

      23

      0.21

      0.08

      11

      Ministry of Steel

      19

      0.23

      0.10

      12

      Department of Telecommunications

      12

      2.73

      0.77

      13

      Ministry of Labour and Employment

      11

      0.03

      0.02

      14

      Department for Promotion of Industry & Internal Trade

      8

      0.16

      0.02

      15

      Ministry of Ports, Shipping and Waterways

      7

      0.20

      0.15

      16

      Ministry of Mines

      6

      0.12

      0.07

      17

      Department of Sports

      1

      0.01

      0.01

       

      Grand Total

      1981

      42.78

      20.36

      Annexure II

      Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) progress of Central Sector Infrastructure Projects

      S. No

      HML Category

      Project Count

      (number)

      Revised Cost      (₹ Lakh cr.)

      Cumulative Expenditure      (₹ Lakh cr.)

      1

      Transport & Logistics

      1459

      23.34

      11.59

      2

      Energy

      221

      11.30

      5.33

      3

      Water & Sanitation

      67

      2.30

      1.65

      4

      Communication

      12

      0.91

      0.77

      5

      Social & Commercial

      77

      2.73

      0.35

      6

      Others

      145

      2.21

      0.67

       

      Total

      1981

      42.78

      20.36

      Click here to see PDF

      ***

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