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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
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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.
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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.
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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.
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Customs, DGFT & SEZ

DRI seizes over 42 kg foreign-origin gold worth more than RS. 65 crore in crackdown on gold smuggling

September 1, 2026

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25 persons arrested in multiple intelligence-led operations across Kolkata, Mumbai, Kerala and other locations

Continuing its sustained crackdown on organised gold smuggling, the Directorate of Revenue Intelligence (DRI) has, in a series of intelligence-led operations across the country in recent days, seized over 42 kg foreign-origin gold, and around 10 kg Silver, collectively valued at more than Rs. 65 crore, and arrested 25 persons including 5 foreign nationals.

The operations have exposed diverse and sophisticated modus operandi, including concealment in specially fabricated vehicle cavities, body concealment, use of transit passengers and airport personnel, and smuggling through land and coastal routes.

Major operation at Mumbai Airport

On 28/29.08.26, DRI unearthed a well-organised syndicate involved in smuggling foreign-origin gold through Chhatrapati Shivaji Maharaj International Airport, Mumbai. The syndicate involved foreign nationals transiting through Mumbai from destinations including Dubai, Bangkok and Male, as well as an airport staff member facilitating clandestine removal of the smuggled gold at Mumbai. A total of 16 capsules containing 6.85 kg of 24-carat gold dust in wax form, were recovered and seized.

6.85 kg gold in wax form seized at Mumbai airport

The operation resulted in the arrest of six persons, comprising of five foreign nationals who were transiting through Mumbai and one airport staff member. The operation once again highlights that organised networks are increasingly exploiting transit routes and airport personnel for clandestine removal of smuggled gold.

Major seizures in Kolkata/West Bengal

On 29,08,26, in two separate intelligence-led operations at NSCBI Airport, Kolkata, officers of DRI intercepted two passengers travelling from Bangkok and Dubai respectively, suspected to be part of gold-smuggling syndicates.

15.61 kg gold seized by DRI in coordination with BSF in Nadia district

In a case involving two passengers coming from Dubai, 4.87 kg gold was recovered after semi-solid gold-containing paste was found concealed in the undergarments and jeans of two passengers. The material was melted and the extracted gold in bar form was seized. Both passengers were arrested under the relevant provisions of the Customs Act, 1962.

In another case, involving flight coming from Bangkok, 3.36 kg foreign-origin gold was recovered in the form of 11 raw chains from one passenger, which had allegedly been handed over to him by the second passenger for crossing the Green Channel. Both passengers were arrested.

On the same day, in another case, the DRI seized 125 pieces of foreign-origin gold bars weighing 15.61 kg. It was recovered by troops of Border Security Force (BSF), at BOP Tungi from a woman during a surprise search of her residential premise in Banpur village, Nadia district.  During investigation by DRI, the woman admitted to her involvement in the alleged smuggling activity along with the men of the house. The woman was arrested under the relevant provisions of the Customs Act, 1962.

1.74 kg gold seized by DRI in coordination with BSF

Two more seizures in Kerala

In two separate operations in Kerala on 29.08.2026, DRI Cochin Zonal Unit and its Calicut Regional Unit intercepted passengers arriving from Ras Al Khaimah and Jeddah respectively. At Cochin International Airport, 1.78 kg gold, was extracted from two packets of gold in compound form concealed on the person of a passenger arriving from Ras Al Khaimah; the passenger was arrested.

At Calicut International Airport, DRI officers, along with the Air Intelligence Unit, detected 549 grams of 24-carat foreign-origin gold, concealed in especially created cavities inside the heavy alloy portion of an iron box carried by a passenger arriving from Jeddah. The gold was seized under the Customs Act,1962 and the passenger was arrested.   

Earlier in the week, on 26–27.08.2026, DRI, in coordination with BSF, also effected several significant seizures of foreign-origin gold along the Indo-Bangladesh border, The officers of DRI Unit seized 935 grams and 1.74 kg foreign-origin gold in two separate operations, resulting in the arrest of one person in each case.

In another operation in Kolkata, 1.48 kg foreign-origin (FO) gold in paste form, allegedly smuggled from Thailand, was recovered by officers of DRI from four persons.  who were found to be carrying smuggled FO Gold in paste form in 5 capsules secreted in their rectum/ body during aa domestic road trip. All four persons and their handler were arrested.

In Guwahati, DRI seized 3.84 kg foreign-origin gold bars allegedly smuggled through the Indo-Bangladesh border in the Tripura sector and arrested two persons including a lady.

Further, in Ramanathapuram, Tamil Nadu, DRI seized 1.360 kg foreign-origin gold and 9.99 kg foreign-origin silver, allegedly smuggled through the coastal route from Sri Lanka, and arrested three persons.

Seized gold and silver at  Ramanathapuram, Tamil Nadu

DRI's intelligence-led and coordinated enforcement actions continue to disrupt these networks at multiple stages of the smuggling chain and prevent the illicit movement of precious metals into the country.

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