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    Will talk to Japan on increasing basmati rice exports from India: Goyal
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August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.
August 27, 2026
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
India-Morocco economic cooperation is expanded through the seventh Joint Commission framework, targeting deeper and more diversified trade, investment, industrial collaboration and market access across goods and services. An India-Morocco Joint Working Group is to examine bilateral trade opportunities and the feasibility of a preferential trade agreement, including tariff and non-tariff barriers, improved market access and trade facilitation. Cooperation also addresses pharmaceutical market authorisation and approval timelines, food safety, sustainable agriculture, renewable energy, artificial intelligence, healthcare, and phosphates and fertilisers.
August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.
August 26, 2026
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.
August 26, 2026
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Personal loan reward eligibility depends on successful campaign-period disbursal, alongside review of borrowing costs and repayment capacity.
Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.
August 26, 2026
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Deep-tech investment cooperation advances through capital corridors, innovation bridges, manufacturing integration and startup pitching platforms for cross-border growth.
India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.
August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.
August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
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MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
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Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.

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Customs, DGFT & SEZ

President Inaugurates Coir Board Diamond Jubilee Celebrations

November 25, 2013

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Coir Industry - Playing A Pivotal Role in the Development of the Rural Economy

Shri Pranab Mukherjee, President of India inaugurated the Coir Board Diamond Jubilee Celebrations here today. The President said that he was happy to note that the coir industry has grown into a highly successful sector and has spread into other coconut growing States and today, thousands of household units are engaged in fibre extraction and spinning of coir yarn throughout the coir producing regions. The industry employs about 7 lakh workers, predominantly women in more than 14 states and Union Territories and is amongst the foremost foreign exchange earning industries in the country with a positive growth trajectory.

The President also lauded the efforts of the Coir industry for evolving in a remarkable way - in terms of quality improvement, technological and scientific upgradation of the products, better market research and product promotion – to become a net earner of over 1100 crores from the export of its products, and added that in the 12th Plan, sufficient allocations have been made to this traditional agro-based cottage industry to enable it to expand further. Its further growth is bound to have a positive multiplier effect as most of the units in this industry are in the rural segment of our economy – in the category of micro industries and nearly 40% are small and medium scale production units.

The President added that coir wood, a new innovation, is an important outcome of the research carried out by the Coir Board – and this product is fast establishing itself as a substitute for a traditional wood.

In the coir industry where 80% of the workforce is constituted by women, the President said that it is commendable that the Coir Board has developed the Mahila Coir Yojna Scheme to specifically focus on women in rural areas – and train them to take up spinning of coir yarn and other simple processes in coir manufacturing. This opening is an opportunity for them to not only contribute, but also develop their own self–confidence and self-reliance. The Coir Board is taking several measures to improve the living conditions of coir workers and helping them to optimize the returns on their efforts and the resources invested by them.

The Minister of MSME (Independent Charge), K. H. Muniyappa also congratulated the Coir Board for its successful efforts and continuous innovation of new products to popularize this natural, eco-friendly fibre and added that the coir industry has been playing a pivotal role in the development of the rural economy in the coconut producing States of the country and is expanding in many non-traditional States at a fast pace and providing significant employment and income to rural artisans of these States.

The Minister said that the MSME sector as a whole provides livelihood to around 8 crore people through 3.6 crore enterprises. Coir is one of the major traditional industries catered to by the MSME Ministry. Coir industry is a labour intensive industry and is concentrated in the coastal belt of the country where the employment opportunities are limited. The coir industry has been maintaining its growing trend over a decade now in spite of heavy odds like shortage of raw materials, stiff competition from synthetic products, etc. and congratulated the manufacturers, workers and experts other stake holders of the industry for being able to sustain the growth in the industry with their persistent efforts.

The Minister added that due to the concerted efforts of the Coir Board, coir industry has now attained a national status with its presence in 14 States and Union Territories including North Eastern States like Assam & Tripura. Coir Board has come up with an array of technologies and machinery to cater to the current developmental needs of the coir industry. The latest addition to these wonderful array of machinery items, that is a versatile spinning machine which can produce large quantities of coir yarn without core thread through an entirely new spinning technology and diversified products like coir jacket, coir chappal, coir umbrella, coir curtains, coir pith binderless board etc.

Union Minister of State for Human Resource Development, Shri Shashi Tharoor highlighted the need for a brand ambassador for coir to globally spread the message and activities of the Board. The Coir Board should collaborate with National Skill Development Agency, an autonomous body that coordinates the skill development efforts of the government and the private sector to achieve the skilling targets of the ongoing 12th Five Year Plan and beyond, he said.

Shri Tharoor also stressed the need to raise the level of income in the coir industry, stem the below-par achievements of mechanisation and kindle interest among youngsters to join the traditional sector.

Prof P J Kurien, Deputy Chairperson of the Rajya Sabha, said the workers welcoming modernisation was a good sign for the industry and further added that the Board is into diversification in a big way - the wood being produced out of coir is checking deforestation. The manure-infused coir pith has proved to be a substitute for soil, thereby promoting horticulture. Then there are geo-textiles which are an excellent deterrent to soil erosion.

MSME Secretary, Shri Madhav Lal said that the Diamond Jubilee Celebrations will generate awareness about the inherent potential of the sector, elevate the coir products to greater heights of popularity and attract sophisticated buyers and further added that in the highly environmentally sensitized world, non-traditional products like coir-pith, compressed grow-bags and coir composites have caught the imagination of sophisticated overseas markets and the sector holds a lot of potential for innovative, non-traditional, value added products which can convert the other-wise waste into not only a high foreign exchange earner for the economy, but also a cost effective way of creating sustained employment in coastal and other areas, especially in the rural India.

The Secretary said that the Ministry of MSME intervenes through Coir Board in areas of modernization of production processes, development of machinery and equipments, product development and diversification, development of environment friendly technologies, technology transfer, incubation, testing and service facilities, development of skilled manpower, women-oriented self employment, Development of production infrastructure, domestic and export market promotion and welfare measures like Coir Workers’ Group Personal Accident Insurance Scheme for the benefit of coir workers. 26 coir clusters have been taken-up for development under SFURTI by providing common facilities and other infrastructural support.

Professor Balachandran, Chairman, Coir Board said that the Coir Board was working on combining coir with other natural fibres such as silk, jute and sisal to bringing out more innovative products. “That day is not far when coir will find a place in the manufacturing of moulded furniture, TV cabinets and car dash-boards,” he added.

As a part of the Diamond Jubilee Celebrations, the Coir Board has planned a series of activities to be held during the month of November, 2013 which include: World Coir Fair coinciding with IITF 2013, Exhibitions at Dilli Haat and other locations, International Buyer Seller Meet, National Seminar on innovative coir products, Women’s Meet on self employment opportunities in coir industry and Coir Road Show from Kanyakumari to Jammu Tawi to popularize the environment friendly properties of coir products and the contributions of this industry to the rural economy.

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