Government approves Rs 45,000 crore export support: Export Promotion Mission and a 100% credit guarantee scheme for exporters.
The government approved two export-support schemes totaling Rs 45,000 crore: the Export Promotion Mission (Rs 25,060 crore) with sub-schemes Niryat Protsahan (trade finance instruments such as interest subvention, export factoring, collateral guarantees and e-commerce export credit cards) and Niryat Disha (non-financial enablers like branding, trade fairs, warehousing and logistics); and the Credit Guarantee Scheme for Exporters (Rs 20,000 crore) providing up to 100% credit guarantees via NCGTC for collateral-free lending, overseen by a Management Committee chaired by the DFS Secretary.

Export Promotion Mission approves Rs 25,060 crore to bolster exporters with finance, market access, branding, and compliance support.
The government approved an Export Promotion Mission with an outlay of Rs 25,060 crore over six years, divided into Niryat Protsahan (financial instruments to improve affordable trade finance for MSMEs) and Niryat Disha (non financial enablers for branding, packaging, trade fairs, warehousing, transport reimbursements, trade intelligence, and capacity building). The Directorate General of Foreign Trade will implement the Mission through a dedicated digital platform, consolidating existing schemes into an outcome based, adaptive mechanism to address finance, compliance, market access, and logistical constraints.

Royalty reductions for graphite, caesium, rubidium and zirconium to boost domestic production and encourage mineral block auctions.
Royalty rates for graphite, caesium, rubidium and zirconium have been reduced to boost domestic production, reduce import dependence and strengthen supply chain and energy security; graphite royalty will be fixed on an ad valorem basis to reflect price variation and the change is intended to make mineral block auctions more commercially viable, particularly for critical minerals associated with these deposits.

Credit Guarantee Scheme for Exporters offers 100% guarantee for Rs 20,000 crore collateral-free credit to eligible exporters, including MSMEs.
The Credit Guarantee Scheme for Exporters (CGSE) provides 100 per cent credit guarantee coverage to Member Lending Institutions for extending additional, collateral-free credit up to Rs 20,000 crore to eligible exporters including MSMEs, implemented via the Department of Financial Services' credit guarantee vehicle and overseen by a management committee chaired by the finance department secretary to strengthen exporter liquidity and support market diversification.

Export promotion mission boosts exporter support through finance, compliance, digital implementation to counter high foreign tariffs and expand market access
The government launches an Export Promotion Mission implemented through two sub schemes: Niryat Protsahan, providing affordable trade finance instruments for MSMEs (interest subvention, export factoring, collateral guarantees, e commerce credit facilities, and credit enhancement for market diversification); and Niryat Disha, delivering non financial enablers (export quality and compliance support, international branding, packaging, trade fairs, export warehousing, transport reimbursements, and trade intelligence). DGFT will implement the mission via a dedicated digital platform integrated with existing trade systems to manage applications and disbursals.

Export Promotion Mission approved with Rs 25,060-cr outlay to support exporters over six years amid heavy US tariffs.
Approval of the Export Promotion Mission allocates Rs 25,060 crore over six years, to be implemented through two sub-schemes, Niryat Protsahan and Niryat Disha, targeting support for the complete export ecosystem with priority for textiles, leather, engineering, marine, and gems and jewellery, and aiming to insulate exporters from global trade uncertainties such as high US tariffs.

Trade compliance and product certifications enable expanded international market access and streamlined cross border supply chain operations.
Shantai operates production facilities meeting 100,000 class GMP standards and holds multiple international food safety certifications (HACCP, ISO 22000, IFS, BRC, HALAL, KOSHER, SMETA). It is recognized as a National High Tech Enterprise and listed among AEO certified enterprises, and employs in house technical advances-including a heat resistant third generation popping candy-alongside structured quality control, OEM/ODM customization, and a 72 hour rapid sampling mechanism to support export readiness and regulatory compliance.

Maharashtra gems and jewellery policy targets Rs 1 lakh crore investment and 5 lakh new jobs over five years.
The policy sets a Rs 1 lakh crore investment target and 5 lakh new jobs over five years, with Rs 1,651 crore of incentives for 2025-30 and Rs 12,184 crore for 2031-50, and an initial Rs 100 crore allocation for 2025-26. It prescribes infrastructure projects, export and formalisation objectives, fiscal measures including stamp duty exemption, a 10-year electricity duty waiver for park units and 100% export units, short-term power tariff subsidies, skill development initiatives, and a blockchain-based industry ledger for traceability.

Gold smuggling disrupted; 11.88 kg of 24 carat seized, 11 arrested for illicit melting and sale under customs law.
Searches at two illegal melting units and two unregistered shops uncovered a coordinated gold smuggling and illicit refining network; authorities seized 11.88 kg of 24 carat gold and 8.72 kg silver, arrested 11 persons including an alleged mastermind, and effected seizures under the Customs Act, 1962, with accused remanded to judicial custody while further investigation continues.

Quality Control Orders and centre state collaboration urged to boost sustainable manufacturing and timely incentive delivery.
Implementation of Quality Control Orders aims to ensure superior-quality products, reduce substandard imports, and promote manufacturing quality; States and UTs are urged to use third-party monitoring, escrow/RBI-linked incentive payment mechanisms, and self-certification to ensure timely incentive disbursement. The Business Reforms Action Plan 2024 assessed 434 reform points using a methodology that weighted user feedback at 70% and evidence at 30%, classifying and felicitating States and UTs across performance categories to reflect ease-of-doing-business and reform implementation.

Bilateral trade agreement: India seeks a fair, equitable deal without compromising farmers, fishermen and dairy interests.
Bilateral trade agreement negotiations aim for a fair, equitable and balanced pact that protects India's farmers, fishermen, workers and dairy sector. India has pursued cautious, comprehensive and WTO compliant talks, completing multiple rounds while seeking safeguards for sensitive sectors in response to steep tariffs that have affected exports and prompted exploration of alternative markets.

India insists trade negotiations will safeguard farmers, dairy and workers while pursuing US, NZ and EU agreements.
India is negotiating multiple trade agreements while preserving the interests of farmers, dairy and workers; five rounds of talks with the US have been completed toward a comprehensive, detailed and WTO-compliant bilateral agreement, with officials emphasising protection of sensitive sectors. India is also seeking alternative market access for fisheries and progressing near-complete talks with New Zealand and continuing negotiations with the EU, stressing a fair, equitable and balanced approach to trade deals.

Trade tensions drive G7 diplomacy, prompting focus on tariffs, defence spending, and coordinated responses to global conflicts.
Rising US led trade tensions driven by tariff impositions have interrupted trade talks and framed G7 diplomacy aimed at maintaining multilateral cooperation across security and economic domains. Defence spending disagreements-particularly US demands for substantially higher allied outlays-have strained NATO dynamics and intra G7 relations. The ministers' agenda combines conflict management (Ukraine, Gaza), maritime security and crisis response with economic security measures focused on critical minerals and supply chain resilience, while Canadian diplomacy seeks to separate trade disputes from cooperative work on shared geopolitical priorities.

Tariff reduction signals progress in US India trade deal negotiations, with talks nearing completion and tariff adjustments planned.
Proposed US India bilateral trade deal is described as nearing completion after five rounds of talks, with negotiators converging on language. The US President stated a "fair trade deal" is close and indicated tariffs on Indian goods, currently high due to India's past procurement of Russian oil, will be lowered "at some point." The negotiations are presented as addressing tariff adjustments alongside measures to promote investment, increase American energy exports and enhance security cooperation.

US-India trade deal talks nearing completion, with tariff reductions tied to changes in India's Russian oil procurement.
The United States and India are negotiating a bilateral first-phase trade agreement after five rounds, aiming for a fair trade deal that would modify existing high tariffs. US statements tie prospective tariff reductions to India's reduced procurement of Russian oil, indicating tariff relief will be conditioned on energy-sourcing changes and finalized contractual language across negotiation rounds.

China restricts fentanyl precursor exports to the United States, Canada and Mexico amid tariff-linked agreement.
China imposed targeted export restrictions on 13 fentanyl precursor chemicals, restricting exports to the United States, Canada and Mexico while allowing exports to other countries without the same licensing constraints; the measures were paired with a public compliance notice and framed as resumed counternarcotics cooperation tied to a tariff-related agreement.

Narcotics and gold seized at Mumbai airport; six passengers arrested under NDPS and Customs laws.
Customs officers intercepted arriving passengers from Bangkok, Phuket and Nairobi and seized multiple consignments of suspected hydroponic cannabis concealed in trolley bags and 358 grams of 22 carat melted gold. The narcotics were seized under the NDPS Act and the gold was confiscated under the Customs Act; six passengers were arrested and further investigations are ongoing to explore links to international smuggling networks and to pursue statutory forfeiture and prosecution.

AGR reassessment may affect Vodafone Idea's debt settlement prospects and funding needs after recent financing developments.
Vodafone Idea narrowed its consolidated net loss in the September quarter due to lower finance costs from reduced bank debt and higher ARPU from tariff increases, while subscriber counts declined. The company remains dependent on operational cash flow, equity and debt fundraising, and potential government support for meeting obligations. It disclosed significant outstanding bank borrowings and long term deferred spectrum and AGR payment obligations, noted a favourable judicial development permitting AGR reassessment, and highlighted the end of a moratorium creating near term instalment requirements.

Steel and aluminium inclusion sought in US trade talks, with support package and EU quota/tariff protections proposed.
The exporters' body urges inclusion of steel and aluminium tariff measures in US bilateral trade talks to address a 50 percent national security tariff that increases competitive differentials, and seeks a special support package to absorb at least 15 percent of that differential for MSME products. For the EU, it opposes quota reductions and 50 percent out-of-quota tariffs, requests a TRQ exemption for stainless-steel long products, and proposes increased TRQ volumes with out-of-quota tariffs capped at 25 percent and phased elimination over five to six years under the FTA.

Rushil Decor reports unaudited Q2 FY2026 financials, operational recovery, jumbo laminates commissioning and government incentives disclosure.
Rushil Decor disclosed its unaudited consolidated financial results for Q2 and H1 FY2026, reporting revenue movements with declining gross profit, EBITDA and PAT year on year, division wise realizations and capacity utilization for MDF and laminates, and an EBITDA figure adjusted for forex loss. Operationally, the Andhra Pradesh MDF plant resumed normal operations, jumbo laminates capacity commenced commercial dispatches and trial production began for Phase 2. The company reported receipt of Rs. 114 million under the Industrial Development Policy 2015-20 and described agroforestry and planned solar installations as part of sustainability disclosures.