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    CCI imposes penalty on Rekha Agencies and SS Marketing for indulging in anti-competitive conduct in respect of Himachal Pradesh Tender 2013 for the pr...
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August 22, 2026
Show AI Summary
Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.

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Customs, DGFT & SEZ

Export Infrastructure

August 13, 2014

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It is the consistent endeavor of Government to improve the export related infrastructure to promote exports. India possesses adequate infrastructure but inadequacies are reported, time to time, in seamless transport through road, rail, ports and airports.

Details are in Annexure I.

Annexure I

Some salient steps taken by the Government are:

1.   To address constraints in the smooth movement of international cargo and resolving the issues relating to bottlenecks in trade by sea, air, and rail route, surfacing from time to time two high level committees, viz. the Standing Committee on Promotion of Exports by Sea (SCOPE - SHIPPING) and the Standing Committee on Promotion of Exports by Air (SCOPE- AIR) are functioning in the Department of Commerce.  The meetings of these two Committees are normally held every year.

2.   Department of Commerce administers “Assistance to States for Infrastructure Development of Exports” (ASIDE) Scheme since 2002-03, with the objective to involve the States in the export effort by providing assistance to the State Governments for creating appropriate infrastructure for the development and growth of exports. The outlay of the scheme has two components i.e. 80% of the funds (State component) and 20% (central component).

3.   An assistance of ₹ 5247 crores has been granted in 1642 projects under States component of ASIDE scheme since inception. An assistance of ₹ 1453.67 crores has been granted in 459 projects under Central component of ASIDE scheme since inception of the scheme.

4.  Till date, 12 Land Customs Stations and Border Haats have been sanctioned under ASIDE. 292 projects in Special Economic Zones (SEZ) have been funded under ASIDE. 7 projects by CONCOR or CWC have been granted assistance under ASIDE to develop infrastructure in ICDs and CFS. ₹ 71.19 crores assistance has been granted in 9 projects in augmenting infrastructure at various ports under ASIDE scheme.

5.   For the year 2014-15 Rs  274.12 Cr.  has been sanctioned out of the total funds of ₹ 800 cr. (Rs. 261.25 Cr. Under State Component & Rs.  12.87 Cr. under Central Component)

6.   In the year 2000, an Export Development Fund (EDF) was set up with the objective of promoting exports from the North East region (NER).  So far 78 projects have been sanctioned under EDF-NER.  ₹ 75.51 crores have been sanctioned to APEDA as corpus fund for the purpose of release of sanctioned grants under EDF-NER.

7.   Single Window Clearance for proposals for setting up of Inland Container Depots/Container Freight Stations (ICDs/CFSs) has been functioning since 1992 under the Department of Commerce.   The Inter-Ministerial Committee (IMC) in the Department of Commerce has sanctioned 286 ICDs / CFSs till 16-06-2014.  During the year 2013-14 IMC sanctioned 8 ICDs and 6 CFSs.  Out of 286 ICDs/CFSs, 190 are functional and 96 are under implementation.

8.   India has 12 major ports 6 each on the Eastern and Western coasts respectively and has rail connectivity to the arterial routes of Indian railways to have access to the hinterland. Private ports such as Dhamra, Krishnapatnam, Gangavaram, Mundra, etc have been connected by rail.

9.  The handling (offloading) capacity of the major ports is sufficient to match with the trade demands.  The capacity of all major ports as on 31-03-2014 was 800.52 Million Metric Tonnes (MMT) against the traffic of 555.50 MMT handled in 2013-14.  The capacity utilization is around 70%.  As per the internationally accepted norms, the gap between the traffic  and the capacity should be around 30%.

10.   The aggregate capacity in twelve Major Ports as on 31st March, 2014 was 800.52 Million Tonnes per annum (MTPA) as against 744.91 Million Tonnes per annum as on 31st March, 2013. The capacity addition of 55.61 MTPA was achieved through a mix of addition of new berths & improvement in efficiency. The average turnaround time has improved from 4.24 days in 2000-01 to 2.25 days in 2013-14

11.   The following steps have been taken to expand the capacity and modernize ports in India

 (i)   Construction of new berths and terminals to enhance port capacity to minimize pre-berthing detention time and reduce turnaround time to vessels calling on the ports.

(ii)   Modernizing berths with state of the art loading / unloading equipment to improve operational efficiency.

(iii)  Deepening of channels and berths so that ports can accommodate larger vessels.

(iv) Improving rail / road connectivity of Ports for speedy evacuation of cargo.

12.   The Air cargo terminals at Airports of Airports of Authority of India and Joint Venture Airports are developed by the respective airport operators from time.  An Air Cargo Logistics Promotion Board has been constituted by Ministry of Civil Aviation in June, 2013 as an Inter-Ministerial group to steer the policy reforms recommended in the report of Working Group on Air Cargo Logistics, 2012.

13.  The Air cargo facility at Mumbai, Chennai, Bangalore and Kolkata has been upgraded. Airport Authority of India has also invited private participation in six airports on PPP basis where new cargo terminals are within the scope of work. By 2016-17, over-all air cargo volumes may touch 4.4 million tonnes.

14.  In the last 20 years, the road network has more than doubled to 4.7 million kms in 2011-12. The 12th Five Year Plan emphasizes on conversion of the Golden Quadrilateral to six lane roads, completion of North-South and East-West corridors, Phase-III & IV of the National Highways Development Project, upgradation of National and State Highways to minimum two lane standards.

15.   Port connectivity programme has been taken up under Phase I of National Highway Development Project (NHDP) to provide National Highway connectivity to the major ports of the country. The development of the 4 lane connectivity to 12 Major Ports was approved under NHDP at a cost of ₹ 1896 crores in Dec 2000 for implementation through Special Purpose Vehicles. The connectivity to Kandla port on NH 8 was already on before the NHDP. Kolkatta port connectivity and Mumbai port connectivity have been dropped. 4 laning has already been completed in 7 port roads.

16.   The Delhi-Mumbai Industrial Corridor (DMIC) primarily involves establishment of a dedicated freight corridor (DFC) of around 1,500 km between Delhi and Mumbai with terminals at Dadri in the national capital region (NCR) of Delhi and the Jawaharlal Nehru Port near Mumbai. The area around the DFC would be developed as the DMIC. The DMIC is setting up 7 industrial corridors in Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharasthra. The Amritsar-Delhi-Kolkata corridor, will pass through UP, Uttarakhand, Bihar and West Bengal. Container Corporation of India (CONCOR) is building Multi Modal Logistics Parks at various locations including around the DFC. The first phase of Multi Modal Logistics Park has been operationalised in Rajasthan at Kathuwas. CONCOR is also developing such parks at Vishakhapatnam, Jharsaguda, Nagpur and Naya Raipur

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 Rajya Sabha today.

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