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August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.
August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.
August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.
August 24, 2026
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Interoperable real-time payments enable inclusive retail transactions, bank participation, and cross-border digital payment expansion through UPI.
Unified Payments Interface (UPI) operates as an interoperable, real-time digital payments platform for peer-to-peer and person-to-merchant transactions. Its network includes varied banking institutions acting as remitter and beneficiary payment service providers, with performance monitoring across participants. Person-to-merchant payments drive transaction volume through routine small-ticket retail use, while person-to-person payments represent a larger share of transaction value. UPI also supports cross-border digital payments, with future growth linked to technological advancement, broader adoption, policy support, and financial inclusion.
August 24, 2026
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August 24, 2026
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Food safety cooperation supports imported-food quality information exchange and technical collaboration within broader bilateral economic and trade engagement.
India-Morocco economic cooperation is being advanced through discussions on trade diversification, market access, investment, industrial cooperation, customs, agriculture, food safety, energy, digital transformation and logistics. A proposed food safety Memorandum of Understanding would support exchanges on imported-food safety and quality, testing laboratories, analytical methods, import procedures, quality control, sampling, testing, packaging and labelling. Proposed cultural cooperation would promote professional exchanges, heritage conservation and institutional linkages.
August 24, 2026
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August 24, 2026
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Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
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August 24, 2026
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Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
India's commerce and industry engagement with Japan is structured around a business delegation visit to deepen bilateral trade, investment, technology and industrial collaboration. Sector-focused discussions cover semiconductors, artificial intelligence, start-ups, automotive manufacturing, steel, electronics, industrial and consumer markets. Business roadshows and investor interactions are directed at presenting opportunities in India's manufacturing, clean-energy and consumer sectors, while advancing cooperation in high-technology manufacturing and next-generation industries.
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August 24, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
Customs enforcement against undeclared gold importation involved interception of a passenger arriving from Sharjah at Ahmedabad airport following passenger profiling. A gold chain concealed inside clothing was recovered after it was not declared for customs purposes. The chain was seized and the passenger was arrested under the Customs Act, 1962, before being released on bail, with further investigation continuing.

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Customs, DGFT & SEZ

Import of Scrap

August 8, 2014

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The import of any form of metallic waste, scrap is  permitted subject to the condition that it will not contain hazardous, toxic waste, radioactive contaminated waste / scrap containing radioactive material, any type of arms, ammunition, mines, shells, live or used cartridge or any other explosive material in any form either used or otherwise. The Import Policy for import of metallic waste and scrap as listed in Annex-I is ‘free’ subject to the condition that the consignment is accompanied by valid pre-shipment inspection certificate (PSIC), issued by recognized Pre-Shipment Inspection Agency (PSIA) certifying that the metallic scrap is free from explosive and radioactive contamination. Import of any form of metallic waste from Hodaideh, Yemen and Bandar Abbas, Iran can only be in shredded form. While import of shredded scrap is allowed through all ports, import of unshredded scrap can only take place through the following designated ports:

“1.Chennai,     2.Cochin,     3.Ennore,     4.JNPT,     5.Kandla,   6.Mormugao,   7.Mumbai,  8.New Mangalore,  9. Paradip, 10.Tuticorin,   11.Vishakhapatnam,   12. ICD Loni, Ghaziabad, 13.Pipava, 14.Mundra, 15.Kolkata,  16.ICD Ludhiana,  17.ICD  Dadri  (Greater  Noida),  18.ICD  Nagpur,19.ICD  Jodhpur,  20.ICD  Jaipur,  21.ICD  Udaipur,  22.CFS Mulund, 23. ICD Kanpur,  24.ICD Ahmedabad, 25.ICD Pitampur  and 26. ICD Malanpur”.

The details of quantum and value of metallic waste and scrap imported from various countries during each of the last three years and the current year, country and item-wise are at Annex- II.

In view of the risk to human life, property and national security, import of metal scrap in unshredded compressed and loose form is permitted only through 26 designated ports as in (a) above. Government has decided and has taken necessary steps for installing portal monitors, X-rays scanners or radiological scanners to handle metallic scraps, semi-finished products and finished products. Further eight coastal state authorities/maritime boards have been requested for installation of portal monitors at additional ports where metal scraps are handled. Atomic Energy Regulatory Board (AERB) has sensitized concerned Ministries on various aspects of issued related to radioactive contamination in imported metal scrap. Further, AERB in association with other organizations such as National Institute of Secondary Steel Technology (NISST), scrap associations, furnace associations etc  is conducting awareness programmes to sensitize various stake holders of metal recycling industry about the issue.

Annex-I

Import of Metallic Waste and Scrap

Import of following types of metallic waste and scrap are free subject to conditions of Port restrictions and PSIC and other conditions of Foreign Trade Policy/Handbook of  Procedure (2009-2014):

Sl.No.

Exim Code

Item description

1.

720410 00

Waste and scrap of cast iron

2.

72042190

Other

3.

72042920

Of High speed steel

4.

72042990

Other

5.

72043000

Waste and scrap of tinned iron or Steel

6.

72044100

Turnings,      shavings,      chips, milling waste, saw dust, fillings, trimmings and stampings, whether or not in bundles

7.

72044900

Other

8.

72045000

Remelting scrap ingots

9.

74040010

Copper scrap

10.

74040022

Brass scrap

11.

75030010

Nickel scrap

12.

76020010

Aluminium scrap

13.

79020010

Zinc scrap

14.

80020010

Tin scrap

15.

81042010

Magnesium scrap

 

Annex-II

Item-Wise Import Of Metallic Waste And Scrap

Item Description

2011-12

2012-13

2013-14

2014-15(Apr to May)

 

QTY(MT)

VAL

(Rs  in Crore)

QTY(MT)

VAL

(Rs in Crore)

QTY(MT)

VAL

(Rs in Crore)

QTY(MT)

VAL

(Rs in Crore)

 

Ferrous Waste And Scrap; Remelting Scrap  Ingots

6962720

18893.82

8197924

24356.5

4779781

16454.93

930891

3061.78

 

Copper Waste And Scrap

161942

4702.3

204262

6433.33

143735

4945.93

30864

992.36

 

Nickel Waste And Scrap

1128

39.17

668

29.02

2790

138.81

534

23.07

 

Aluminium Waste And Scrap

627672

6072.23

738470

7384.62

721630

7568.9

144700

1506.92

 

Lead Waste And Scrap

66653

652.49

51494

518.92

58834

660.33

9398

106.52

 

Zinc Waste And Scrap

48581

410.91

61219

549.78

69496

683.12

12844

135.45

 

Other Base Metals Waste & Scrap

216

2.79

294

6.56

148

4.43

42

0.47

 

Grand Total

7868912

30773.71

9254331

39278.73

5776414

30456.45

1129273

5826.57

 

 

Country-Wise Import Of Metallic Waste And Scrap

COUNTRY

2011-12

2012-13

2013-14

2014-15(Apr to May)

QTY(MT)

VAL

(Rs in Core)

QTY(MT)

VAL

(Rs in Core)

QTY(MT)

VAL

(Rs in Core)

QTY(MT)

VAL

(Rs in Core)

U ARAB EMTS

1076874

4132.16

1066360

4990.02

933296

4903.35

205647

986.36

U K

1317377

4657.64

1433017

5105.39

832394

3663.02

174910

784

U S A

1116613

3418.54

1207141

4151.17

482399

2323.58

50640

309.75

SAUDI ARAB

164208

1485.39

186664

2009.91

153312

2276.54

28633

406.65

SOUTH AFRICA

672203

1724.64

1243536

3385.12

712757

2199.88

164719

479.95

NETHERLAND

257754

1794.91

327453

2058.51

167979

1356.52

33434

231.82

GERMANY

292544

1585.25

302237

1420.14

177371

1046.84

30143

198.99

AUSTRALIA

112225

568.35

166386

704.87

188006

879.46

40084

197.51

MALAYSIA

128737

691.68

153084

887.6

134414

871.39

36042

195.21

KUWAIT

232614

724.4

238398

951.94

142162

809.15

37319

152.63

SINGAPORE

113376

575.88

180169

787.01

126787

685.16

40602

183.99

THAILAND

32776

240.04

72932

417.96

83653

658.93

17634

172.36

BELGIUM

167269

559.19

152874

652.56

75648

487.35

22711

135.98

BAHARAIN IS

109263

400.67

113123

447.35

93804

411.78

24288

93.13

POLAND

57457

218.22

143105

450.2

80763

329.37

11465

54.32

SWEDEN

156036

519.61

107603

418.95

65514

301.54

6717

36.33

ANGOLA

168266

367.54

121234

346.31

86423

300.95

12548

40.7

SPAIN

14764

122.65

32915

270.15

24316

271.76

2384

41.42

CANADA

51664

142.05

154741

432.7

76986

253.1

8889

32.29

KOREA RP

30407

293.72

32199

260.88

29439

244.65

6996

65.01

OTHER COUNTRIES

1596485

6551.18

1819160

9129.99

1108991

6182.13

173468

1028.17

GRAND TOTAL

7868912

30773.71

9254331

39278.73

5776414

30456.45

1129273

5826.57

The information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

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