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August 10, 2026
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Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
August 10, 2026
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Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
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Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
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GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
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Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
Show AI Summary
UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.

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Customs, DGFT & SEZ

Proposal Under Modified Industrial Infrastructure Upgradation Scheme

August 8, 2014

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The Salient features of MIIUS are as under:-

1.  Central assistance upto 50% (for North Eastern Region upto 80%) of project cost with ceiling of ₹ 50 crore, limiting sanction upto two projects per State;

2.  Project implementation by State Implementation Agency (SIA) such as, State Industrial Development Corporation with minimum mandatory contribution of 25% of the project cost (10% in case of North Eastern Region);

3. Projects are to be sanctioned to upgrade infrastructure in Industrial Estates/Parks/Areas. Greenfield projects could be supported in backward areas, including North Eastern Region (NER);

4. Release of GoI grant (in 3 Installments viz. 30%, 40% and 30%) subject to upfront other    Stakeholders’ contribution;

5.  Central grant for physical infrastructure is restricted to 25% of the grant subject to a ceiling of ₹ 12.5 crore.

The details of project proposals received and approved under MIIUS along with the funds allocated state-wise/UT-wise is given at Annexure-I.  As the projects under MIIUS have been accorded ‘in-principle’ approval; only funds have been allocated to the projects and so far have not been released or utilized. A list of project proposals received but not approved is given in Annexure-II.

Two project proposals under MIIUS were received from the state of Madhya Pradesh and both the proposals have been accorded ‘in-principle’ approval. However, there are a few proposals received after the cut-off date which are still under evaluation by Project Management Agency viz. National Productivity Council (NPC). The details of such proposals are given in Annexure-III.

The Project Management Agency appointed by this Department has been asked to expedite evaluation.

Annexure I

The Annexure - I referred to in reply to part (b) of the Lok Sabha Unstarred Question No. 4388 for answer on 8th August 2014 regarding ‘Proposal under MIIUS’

List of project proposals received and accorded ‘in-principle’ approval

S. No.

Name of the Project

State

Allocated Central Grant (Rs. Crore)

1

Industrial Area  Zuangtui, Aizawl

Mizoram

15.22

2

Bodhjungnagar Industrial Area

Tripura

41.90

3

Industrial Growth Centre, Urla, Distt. Raipur

Chhattisgarh

12.15

4

Sirgitti Engineering Cluster

Chhattisgarh

8.32

5

Industrial Infra Upgradation of IMT Manesar

Haryana

29.27

6

Industrial Infra Upgradation at IMT, Bawal

Haryana

29.27

7

Industrial Area, Kandrauri

HP

26.97

8

Industrial Area, Pandoga

HP

33.46

9

SIDCO, Industrial Growth Centre, Samba

J &K

7.45

10

Industrial Estate, Kathua

J &K

12.91

11

Devipur Industrial Area

Jharkhand

27.36

12

Tupundana Industrial Area, Ranchi

Jharkhand

8.11

13

Furniture Hub at Ernakulam

Kerala

45.44

14

Kolhar Industrial Area, Bidar

Karnataka

48.36

15

Bangalore Aerospace Park, Devenhalli

Karnataka

47.43

16

Industrial Area, Sitapur

MP

12.75

17

Industrial Area, Ujjaini

MP

12.08

18

Angul Aluminium Park

Orissa

43.01

19

Punjab Small Industries and Export Corporation Ltd. (PSIEC) Estate, Patiala 

Punjab

16.58

20

Paddy Processing Cluster, Ranga Reddy

Telangana

45.29

Annexure II

The Annexure - II referred to in reply to part (b) of Lok Sabha Unstarred Question No. 4388 for answer on 8th August 2014 regarding ‘proposal under MIIUS’

List of project proposals received but not approved

Sl. No.

Name of the project

State

1.

Powerloom Cluster at Manpur (Gaya)

Bihar

2.

Industrial Growth Centre Bhilai, Distt. Durg.

Chhattisgarh

3.

Kittur Industrial Area, Bailahongal Taluk, Belgaum

Karnataka

4.

Maholbhagyath Aliyabad Industrial Area, Bijapur

Karnataka

5.

Vasantanarasapura Industrial Area,  Tumkur

Karnataka

6.

Bommasandra Industial  Area , Anekal

Karnataka

7.

Kinfra Industrial Park, Ottapalam

Kerala

8.

Namkum Industrial Area, Ranchi

Jharkhand

9.

Kokar Industrial Area, Ranchi

Jharkhand

10.

Tatisilwai Industrial Area, Ranchi

Jharkhand

11.

Inchalkaranji and Peripheral Indust. Infra. Dev. Cluster Ltd. Distt: Kolhapur

Maharashtra

Annexure III

The Annexure - III referred to  in reply to parts (c) & (d) of Lok Sabha Unstarred Question No. 4388 for Answer on 8th August 2014 regarding ‘Proposal under MIIUS’

 List of project proposals which are still under evaluation along with reasons for pendency

Sl. No.

Name of the project

State

 Proposed Central Grant (Rs. Crore)

Reasons for Pendency

1.

Pashamylaran Industrial Area, Medak

Telengana

30.51

The State Implementing Agency (SIA) revised their project proposal and the same has been evaluated by PMA; the proposal is under consideration in the Department.

 

2.

Textile park at Addl. Amravati Industrial Area            

Maharashtra

33.55

These proposals were received after the cut-off date prescribed by this Department and therefore, could not be considered along with the proposals received on or before the due date. These are being evaluated by PMA for further consideration by the Department.

3.

Tarapur Industrial Area

Maharashtra

12.50

 

4.

Rajiv Gandhi Info Tech Park

Maharashtra

12.50

 

5.

Tamilnadu         Chamber Linkage Infra Ltd., Madurai (Convention      and Centre at Madurai)

Tamil Nadu

44.05

6.

Engineering Industry Cluster ( SIPCOT)

Tamil Nadu

60.00

7.

Chemical park under MIIUS at Howrah

West Bengal

Not mentioned

 

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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