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    IGL cuts piped cooking gas prices in Delhi, NCR
    Govt rolls out Rs 4,531-cr market access support for exporters
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    December 31, 2025
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    Piped natural gas prices cut in Delhi NCR as regulator simplifies pipeline tariffs, reducing distance-based zones nationwide.
    A city gas distributor reduced domestic piped natural gas prices by Rs 0.70 per standard cubic metre for Delhi and nearby areas, specifying new consumer rates effective January 1. The reduction follows a regulator's tariff restructuring that reduces distance based tariff zones from three to two and applies a single lower Zone 1 rate for CNG and domestic PNG customers nationwide, intended to simplify and lower transportation costs.
    December 31, 2025
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    Market Access Support launched with Rs 4,531 crore to subsidise exporters' participation in global trade events and MSME access.
    The government launched Market Access Support (MAS) with Rs 4,531 crore for 2025-31 to subsidise exporter participation in Buyer Seller Meets, trade fairs, Mega Reverse BSMs and trade delegations, with per event caps (Rs 5 crore for BSMs and delegations; Rs 10 crore for RBSMs). Government shares 60% of event costs, up to 80% for priority areas, and reserves 35% participation support for MSMEs. MAS adds proofs of concept demonstrations for technology intensive sectors, mandatory online exporter feedback, and a three to five year events calendar as part of a wider Rs 25,060 crore export promotion mission that includes credit support measures.
    December 31, 2025
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    Tea industry posts higher output and exports but faces pesticide rules, enforcement over blending, labour cost and climate risks.
    The tea sector saw higher overall output and export growth in 2025 driven by small-grower production, causing CTC price pressure while orthodox tea remained firm. Exporters face potential disruption from impending pesticide legislation in the EU/UK, and the Tea Board has issued show cause notices over alleged blending and mislabelling of imported inferior tea. Anticipated labour cost increases and elevated inventory pose margin and price risks, while climate-driven crop losses have prompted research into resilient varieties and climate-smart practices.
    December 31, 2025
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    Gold and silver surged as monetary easing, trade uncertainty and central bank buying tightened supply and boosted safe haven demand.
    Easing monetary policy-three 25 basis point Fed cuts-weakened the dollar and acted as an initial inflection supporting bullion, while tariff rhetoric and trade uncertainty increased safe haven demand. Sustained central bank purchases and reserve diversification materially underpinned gold, and silver's rally was amplified by multi year mine shutdowns, China led supply constraints and rising production costs that produced structural deficits. Elevated domestic prices shifted consumption toward investment bars and coins, and analysts expect episodic consolidation but a constructive medium term outlook driven by monetary easing, central bank accumulation and constrained supply.
    December 31, 2025
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    Market Access Support Intervention strengthens exporter access with financial support, MSME prioritisation and digital monitoring.
    The Market Access Support Intervention under the Export Promotion Mission provides structured financial and institutional support for Buyer Seller Meets, trade fairs, Mega Reverse Buyer Seller Meets and trade delegations, with rationalised event level support ceilings and preferential assistance for priority sectors and small exporters. It mandates at least 35% MSME participation, benchmarks delegation sizes, enables end to end digital processes for proposals, approvals and fund release via the portal, requires mandatory online feedback on buyer quality and leads, and phases in Proofs of Concept, product demonstrations and digital lead tracking tools to strengthen outcome measurement.
    December 31, 2025
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    India's economy enters a 'goldilocks' phase as fiscal reforms, GST cuts and a potential India-US trade deal aim to sustain growth.
    India's 2025-26 macroeconomic position combines strong growth and low inflation, with policy emphasis on sustaining momentum through fiscal support for capital expenditure, Union Budget reforms to attract private and foreign investment, and Reserve Bank accommodation. Key regulatory measures include updating the national accounts base year to 2022-23, late-2025 GST rate reductions, implementation of new labour codes, and an anticipated India-US trade agreement to boost exports and industry.
    December 31, 2025
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    India-Russia partnership diversifies trade beyond defence and energy via a five-year roadmap, joint ventures, and localisation.
    India and Russia adopted a five-year roadmap and signed 30 documents to diversify bilateral trade beyond defence and energy, focusing on joint ventures, localisation, technology transfer, non-nuclear shipbuilding, and a proposed joint-investment fund to address the trade deficit and reduce reliance on discounted crude; implementation will proceed through intergovernmental coordination, ministerial engagements, localisation of aerospace technology, and exploration of an FTA framework with the Eurasian Economic Union to expand market access.
    December 31, 2025
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    Celebrities and politicians seek protection of personality and contest disputes over wills, privacy, regulatory and commercial claims.
    Public figures and corporations brought litigation over protection from unauthorised use of name, image, likeness and voice, contested wills and succession claims, and challenged regulatory and administrative orders including customs duty refunds, consumer protection guidelines and competition authority directions. The year's docket also included disputes over disclosure of personal records of officeholders, challenges to organisational bans and pandemic era prosecutions, alongside judicial scrutiny of educational attendance norms and anti ragging measures.
    December 31, 2025
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    India's diplomacy navigated cross border strikes, suspended treaties, trade tariffs, and shifting regional partnerships in 2025.
    India responded to a major terrorist attack by suspending the Indus Water Treaty and conducting cross-border strikes (Operation Sindoor), which triggered escalatory exchanges later halted through military hotlines; simultaneous trade coercion and visa policy changes by a major partner compounded bilateral strain while New Delhi pursued improved ties with China and Russia, a free trade agreement with the UK, and efforts to stabilise regional relations and energy security.
    December 30, 2025
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    Customs seizes 196.5g gold concealed in jeans waistband after passenger search at airport.
    Customs intercepted a passenger arriving from Riyadh, conducted a personal search after suspicious behaviour, and recovered two strips of yellow chemical paste believed to be gold weighing 196.5 grams concealed in the waistband cavity of jeans; the material was seized by customs authorities.
    December 30, 2025
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    China says it mediated India-Pakistan tensions amid dispute over military support and competing ceasefire narratives.
    China presented itself as mediating regional hotspots, including India-Pakistan tensions, while New Delhi maintained the May 7-10 ceasefire was negotiated directly between DGMOs; the article records criticism over Chinese military support to Pakistan, Chinese calls for restraint, and the broader diplomatic context of SCO invitations, BRICS expansion, and Sino US engagement.
    December 30, 2025
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    Kandla SEZ appraiser convicted and sentenced for disproportionate assets, with jail terms and monetary fines imposed.
    A Kandla SEZ appraiser was convicted for amassing disproportionate assets after an expanded investigative check period increased the quantified unexplained wealth in the chargesheet; the special court imposed custodial sentences and monetary fines on the appraiser and convicted his spouse for abetment.
    December 30, 2025
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    Cochin airport export cargo capacity expanded to 1.25 lakh tonnes, boosting cold chain and dangerous goods handling efficiency.
    Cochin International Airport Limited expanded export cargo warehouse capacity from 75,000 metric tonnes to 1.25 lakh metric tonnes and equipped it with additional X ray machines, explosive trace detection, a dangerous goods room, two cold rooms, a radioactive cargo room and a valuables room to strengthen cargo security, specialised handling and operational throughput for perishables, pharmaceuticals, dangerous goods, radioactive materials and high value consignments.
    December 30, 2025
    Show AI Summary
    RSWM wins three awards for sustainability, highlighting circularity, renewable energy adoption and water stewardship.
    RSWM Ltd received three awards recognizing sustainability and ESG-led manufacturing: the AR Choice Award for Sustainable Textile Manufacturer of the Year for integrated materials, energy, water and waste stewardship; a Silver Medal at the India Green Manufacturing Challenge for its Melange unit following IRIM's on-site evaluation; and a Bronze Award at the FE Green Sarathi Awards for circular material practices, recycled fibre integration, renewable energy adoption and water management.
    December 30, 2025
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    India-China relations in 2025: cautious normalization amid border de escalation, trade frictions, and diplomatic disputes.
    Following the October 2024 end to the eastern Ladakh face off, India and China in 2025 engaged Special Representatives and senior ministers to normalise ties through dialogue and de escalation, while facing impediments including alleged Chinese military support to Pakistan, an immigration incident implicating Arunachal Pradesh and transit treatment concerns, and Chinese curbs on rare earth exports that disrupted Indian industry; these matters prompted diplomatic protests, partial easing of controls, and modest growth in Indian exports amid continuing strategic rivalry.
    December 29, 2025
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    International legal developments: challenges to criminal convictions, tariff adjustments, arms transfer and diplomatic recognition disputes affect state relations.
    Separate appeals challenge lengthy sentences and a military court conviction, raising procedural and appellate issues about tribunal jurisdiction and review; an opposition figure lodged electoral nomination papers invoking candidacy and nomination rules; allegations that mass protests were a "planned conspiracy" suggest criminal investigation thresholds for coordinated vandalism and arson. Internationally, an announced arms sale raises export control and foreign policy considerations, provisional reductions of import tariffs engage tariff setting authority and trade policy, and formal recognition of a disputed territory implicates legal effects of diplomatic recognition and territorial sovereignty.
    December 29, 2025
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    Bangladeshi exhibitors stayed away from a major trade fair due to geopolitical tensions and visa-related constraints affecting cross-border participation.
    Absence of Bangladeshi exhibitors from BNCCI's 37th trade fair resulted from geopolitical tensions and visa-related issues that prevented historically significant cross border participation. BNCCI shifted the fair from a business to business model to a consumer and festival focus, emphasised handloom and handicrafts, and organised industry and MSME conclaves to facilitate policy and export support, while indicating future international participation depends on resolution of the diplomatic and visa constraints.
    December 29, 2025
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    China applies lower import tariffs on 935 items from Jan 1, 2026, while maintaining zero tariffs for least developed countries.
    China will implement provisional lower import tariff rates on 935 items from January 1, 2026, reducing duties on key components, advanced materials, certain resources for green development, and medical products. The measure includes optimisation of tariff headings and addition of national subheadings for products like intelligent bionic robots and bio aviation kerosene to support technological and circular economy development. China will continue applying agreed preferential rates under 24 free trade agreements with 34 partners and maintain zero tariff treatment on all tariff lines for 43 least developed countries.
    December 29, 2025
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    Tamil Nadu posts 11.19% growth; US 50% tariff disrupts Tirupur knitwear, causing orders and job losses.
    Tamil Nadu achieved 11.19% growth in 2024-25, saw record electronics exports and secured major investments including a Rs 3,250 crore Ford engine project and aerospace commitments, while a US-imposed 50% tariff on certain Indian imports significantly disrupted Tirupur's knitwear sector, causing order losses, production cuts and job losses and prompting appeals for bilateral resolution.
    December 28, 2025
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    US-India ties tested by reciprocal tariffs, a USD 100,000 H 1B fee, and a new 10 year defence framework pact.
    The document outlines reciprocal US tariffs rising to roughly 50% on Indian imports in response to India's high levies, simultaneous negotiation of a multi-sector Bilateral Trade Agreement with agreed Terms of Reference, a proclamation imposing a USD 100,000 fee on new H-1B visas treating programme abuse as a security threat, intensified counterterrorism cooperation including extradition and terrorist designation, and a 10-year Defence Framework Pact to institutionalise the US-India major defence partnership.

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      Customs & Trade

      India's diplomacy faced giant test in 2025

      December 31, 2025

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      New Delhi, Dec 31 (PTI) For India's diplomacy, 2025 was a giant test in many ways as it had to navigate the geopolitical implications of the worst military conflict in decades with Pakistan, US President Donald Trump's punitive tariffs and increasingly troubled relations with Bangladesh.

      As the horrific terror attack in Jammu and Kashmir's Pahalgam in April killing 26 innocent people triggered global outrage, India displayed a steely resolve in combating cross-border terrorism from Pakistan, telling leading global capitals it has a right to respond.

      Following the terror strike, India announced a series of punitive measures against Pakistan including suspension of the 65-year-old Indus Water Treaty with Prime Minister Narendra Modi asserting that "water and blood cannot flow together".

      Exactly two weeks after the terror attack, India launched 'Operation Sindoor' carrying out airstrikes on nine terror camps in Pakistan and Pakistan-Occupied Kashmir in the early hours of May 7 eliminating at least 100 terrorists.

      The strikes triggered a rapid escalation in tensions with Pakistan launching retaliatory strikes though most of them were thwarted by the Indian military.

      With rapid escalation in the situation sparked fears of a full-scale war between the two nuclear-armed countries, several world capitals called for restraint and reached out to both New Delhi and Islamabad to stop the fighting.

      The hostilities ended with an understanding on halting the military actions on May 10 following talks over the hotline between army officials of the two sides, but the episode brought new headache for India's foreign policy mandarins with Trump announcing the ceasefire first in a social media post.

      Over the next few months, the US president repeatedly and publicly claimed that had resolved the military conflict between India and Pakistan and saved millions of lives as it was going in the direction of a full-scale war.

      New Delhi stoutly maintained that the cessation of the hostilities was the result of talks between India and Pakistan and the US involvement had nothing to do with it. This riled the Trump administration.

      Amid simmering strain in the India-US ties, Trump, in an unprecedented move, hosted a closed-door lunch for Pakistan army chief Field Marshal Asim Munir at the White House on June 18. The Trump-Munir meeting marked a major boost in US-Pakistan ties.

      Trump had a second meeting with Munir in the White House on October 1.

      As talks for a bilateral trade agreement were dragging on, Trump in August slapped a crushing 50 per cent tariff on Indian goods including an additional 25 percent levies for buying Russian crude oil.

      The tariffs added more frost in ties with the relations between the two partners now possibly going through its worst phase in the ties in the last two decades.

      Washington's new immigration policy and its decision to increase H1B visa fee to a whopping USD 1,00,000 also appeared to contribute to the slide in India-US ties.

      The sharp downturn in the relations surprised many foreign policy experts as Trump's first tenure as the president saw bonhomie between the two leaders.

      Another striking development was Pakistan inking a strategic defence pact with Saudi Arabia that came months after India's Operation Sindoor against India.

      The pact mentions that "any aggression against either of the two countries shall be considered as an aggression against both".

      India's relations with Bangladesh also came under severe strain, largely due to increasing activities of extremist elements which targeted minorities including Hindus.

      Bangladesh's increasing engagement with Pakistan and China also contributed to the downturn in the relations. The slide in the relations began after deposed prime minister Sheikh Hasina fled India in August 2024 in the face of a massive anti-government protest that ended her nearly 16-year rule.

      However, India's relations with China witnessed significant improvement in 2025 with both sides initiating a series of measures to rebuild the ties that saw major downturn during the over four-year eastern Ladakh border row.

      These measures included resumption of Kailash Manasarovar Yatra, direct flights and easing of visa regimes.

      In August, Modi and Chinese President Xi Jinping agreed to deepen bilateral ties to combat pressing challenges and work towards a "fair" solution to the festering border issue.

      In a meeting in the Chinese city of Tianjin on the margins of the Shanghai Cooperation Summit, Modi and Xi also vowed to expand trade and investment ties to stabilise global commerce.

      Days ahead of Modi's trip to China, Chinese Foreign Minister Wang Yi visited New Delhi India that saw both sides unveiling a series of measures for a "stable, cooperative and forward-looking" relationship that included jointly maintaining peace along the frontier, reopening border trade and promoting investment flows.

      India's relations with Russia also witnessed a major upswing including in the energy sector notwithstanding mounting Western pressure. In the fag end of the year, Russian President Vladimir Putin visited India during which both sides firmed up a five-year plan to bolster trade partnership in the face of Washington's punitive tariff and sanctions regime.

      In July, India and the UK sealed a historic free trade agreement to inject new energy in economic ties as it will provide for slashing tariffs, increase access to each other's markets, enhance trade, and create jobs.

      The year also saw India and Canada making efforts to rebuild ties that saw a spell of distrust and suspicion following a diplomatic row two years ago.

      The India-Canada relations hit rock bottom after then Prime Minister Justin Trudeau's allegations in 2023 of a potential Indian link to the killing of Hardeep Singh Nijjar. India had dismissed Trudeau's accusation as "absurd".

      In the overall foreign policy domain, concerns relating to Indo-Pacific and the way forward found greater salience in New Delhi's diplomatic engagements.

      In the year, New Delhi's diplomacy also focused on boosting the country's energy security as it made renewed efforts to expand cooperation with the Gulf region. PTI MPB ZMN

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