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    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
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    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
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August 14, 2026
Show AI Summary
Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
August 14, 2026
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Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
August 14, 2026
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Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
August 14, 2026
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Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
August 14, 2026
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International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
August 14, 2026
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Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
August 14, 2026
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International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
August 14, 2026
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Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
August 13, 2026
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International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
August 13, 2026
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Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
August 13, 2026
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Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
August 13, 2026
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GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
August 13, 2026
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Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
August 13, 2026
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Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
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August 13, 2026
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Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
August 13, 2026
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Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
August 13, 2026
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Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
August 13, 2026
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.

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Make In India Week concludes on a high note showcasing India’s manufacturing prowess Manufacturing, Design and Innovation has been brought to the centre stage – Amitabh Kant

February 18, 2016

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Press Information Bureau

Government of India

Ministry of Commerce & Industry

18-February-2016 16:39 IST

            Curtains came down on the first ever Make In India Week in Mumbai with the biggest show of manufacturing prowess, concluding on a high note.  The week long event  -

·         Created avenues for showcasing, connecting and collaborating for manufacturing in India

·         Promoted an Investment enabling environment

·         Provided encouragement to to Design, Innovation, Youth and Startups

·         Provided a  platform where global CEOs, think tanks, policy makers, Diplomats and Political leaders converged

            Addressing the Closing Press Conference in Mumbai today, Secretary, Department of Industrial Policy & Promotion, Mr. Amitabh Kant said the Make In India Week witnessed a business commitment of ₹ 15.20 lakh crore in investment.  “Make In India Week in Mumbai has been phenomenal hit. It has successfully brought manufacturing, design and innovation to the centre-stage” Mr. Kant said.

            Maharashtra Chief Minister Mr. Devendra Fadnavis said his state was successful in attracting investment worth ₹ 8 lakh crores across sectors. He said a Task Force is being set up headed by the State Industry Minister to ensure that MoUs signed are translated into actual investments. 

Facts at a glance

            More than 8 lakh people visited the Make In India Expo and other events, of which 49,743 were registered delegates.   102 countries were represented in the mega expo.

            A total of 150 events were organized under the Make In India Week banner while more than 25,000 people participated in  Seminars and Symposia, where over 1,200 experts from various walks of life from Ministers, Chief Ministers, policymakers, industrialists, academicians and spiritual gurus spoke on wide ranging issues concerning business and society.

            The Make In India Expo was spread over 23 lakh sqft area, housed under air-conditioned hangers in 27 halls.  215 exhibitors show cased their strengths and opportunities in 11 sectors covering aerospace & defence, automobiles, chemicals & petrochemicals, construction machinery, food processing, infrastructure, IT & electronics, industrial equipment & machinery, MSME, pharmaceuticals and textiles.  17 Indian states and 3 countries – Germany, Sweden and Poland had their pavilions in the Make In India Centre.

Make In India Week also provided platform for nearly 8,200 Business-to-Business,  Business –to-Government and Government –to-Government meetings.

Key deals concluded during the MIIW

•      Sterlite Group company TwinStar Display Technologies & MIDC for LCD manufacturing unit in technical collaboration with Autron of Taiwan

•      BAE Systems and Mahindra for assembling and testing of M777 Howitzers

•     ORACLE’s USD 400 million investment in India to set up 9 incubation center

•     Trivitron healthcare manufacturing unit in Chennai

•  Gujarat Government and Vestas (Denmark) for wind mill blades manufacturing unit at Ahmedabad

•       Raymond Industries to invest ₹ 1400 crore for manufacturing linen yarn and fabric facility

•       Mahindra & Mahindra: Investment – ₹ 8000 crores (Nashik: ₹ 6500 crores, Chakan – ₹ 1,500 crore)

•       Gujarat Government and Tar Kovacs Systems (France) for offshore platform to develop marine applications in Gujarat

•       Tar Kovacs and Government of Karnataka for setting up ocean based renewable energy project

•       Yes Bank and IREDA for financing of renewable power projects

•       Ascendas | Investment: ₹ 4571 crore | Employment: 1.09 Lakh

•       Mercedes | Investment: ₹ 1500 crore | Employment: 4270

•       Rashtriya Chemicals and Fertilizers | Investment: ₹ 6204 cr | Employment: 140

•       Godrej Industries| Investment: ₹ 3000 cr | Employment: 2000

•       JSW Jaigarh Port Ltd | Investment: ₹ 6000 crores | Employment: 1000

•       CREDAI and MCHI for 5.7 Lakh affordable homes with an investment of ₹ 1.1 lakh  crore and 7.6 lakh jobs

•       Government of Jharkhand and Vedanta Ltd

•       Government of Jharkhand and Adani group to set up a thermal power plant with a total capacity of 1,600 MW to be supplied to Bangladesh Grid

•       Agreement between Government of Jharkhand and Adani Group to set up a Coal based Methane fertilizer plant

•       Uber and Skill Development and Entrepreneurship Department (SDED) of the Maharashtra government

•       Solar Industries and Government of Maharashtra to set up a Nagpur plant for manufacturing of ammunition for armed forces

Policies / initiatives unveiled

·         Rs 2,200 crore Electronics Development Fund was unveiled by the Communications & IT Minister Shri Ravi Shankar Prasad to finance innovations, research and development in electronics manufacturing sector

·         National Capital Goods Policy was unveiled by the Heavy Industries Minister Shri Anant Geete aimed at creating an ecosystem for a globally competitive capital goods sector.

·         Investment Opportunities in Food Processing Industry by Ms.Harsimrat Kaur Badal.

·         E toll policy covering 360 toll plazas on the National Highways across the country.

State specific policies

            The Maharashtra government unveiled five new policies during the Make In India Week:

1. Maharashtra Retail Policy, 

2. Single Window Policy, 

3. Maharashtra Maritime Industries Policy.

4. Electronics Policy covering FAB manufacturing

5. Special package for SC/ST entrepreneurs.

            Odisha Industrial Development Plan 2025,  Jharkhand Industrial Promotion Policy 2016 were also unveiled during the week.

            Make In India Mittelstand initiative was aimed at attracting Small & Medium Enterprises from Germany to set up manufacturing facilities in India.  19 Mittelstand companies had enrolled for the programme.

Focus on Design, Innovation & Start Up

            Shri Amitabh Kant said, one of the key focus areas of Make In India Week was Design, Innovation & Start Ups. On Spot prize of ₹ 2 crore by Qualcomm for Startups in India today.

            Hackathon, organized by the consortium of IITs provided a platform for innovators, programmers and engineers. Two teams each providing innovative solutions in water, energy and transportation were awarded during the week.

            Other key initiatives of the Make In India Week included Industry- Academia Partnership, role of design in manufacturing, Make In India : Way Forward seminar with focus on domestic manufacturing, digital India initiative, smart cities and skill India programme.

Participation

             Key Government delegates during the week included Mr. Stefan Lofven, Prime Minister of Sweden, Mr. Juha Sipila, Prime Minister of Poland, Mr. Piotr Glinski, First Deputy Prime Minister of Poland, Yosuke Takagi, Minister of Economy, Trade & Industry, Japan,  Cesar Fergozo, Minister of Asia and Middle East, Mexico, Ignasius Jonan, Transportation Minister of Indonesia and Som Prasad Pandey, Industry Minister of Japan.

             Union Ministers who participated in the Make In India Week that was inaugurated by the Prime Minister Mr. Narendra Modi included – Mr. Arun Jaitley,  Mr. Manohar Parrikar, Mr. Nitin Gadkari, Mr. Ravi Shankar Prasad,  Mr. Kalraj Mishra, Ms. Nirmala Sitharaman, Mr. Piyush Goyal, Mr. Dharmendra Pradhan, Mr. Anant Geete, Mr. Santosh Kumar Gangwar, Ms. Harsimrat Kaur Badal and Col Rajyavardhan Rathore.

             Key Indian CEOs who were present included Ratan Tata, Cyrus Mistry, Mukesh Ambani, Kumar Mangalam Birla, Anand Mahindra, Gautam Adani, G V Sanjay Reddy (GVK), Ajay Piramal, Y C Deveshwar (ITC) among others.

             Key foreign CEOs who attended the MIIW included  John Chambers of CISCO Systems,  Markus Wallenberg of SEB, (Sweden),  Doug DeVos of Amway, Hakan Bushke of SAAB, Sweden,  Edward Monser IV of Emerson, USA, Mats H Olsson of Ericsson and Karol Zarajczyk of Ursus, Poland.

The way forward

The Make In India Week concluded with a

·         commitment to achieving the vision of 25% contribution to GDP through manufacturing

•       Striving to provide investment enabling environment to Foreign and Domestic investors

•       Promoting quality jobs through development of innovation and design ecosystem

•       Forging partnerships for manufacturing sector development for enabling “Champions of Manufacturing”

•       Active cooperation with States for promoting manufacturing  across all States in India and remotest part of the country

•       Promoting Industry and Academia linkages for joint research and product development to drive frugal engineering

•       Focus on spreading awareness about promoting manufacturing in under developed areas of the country

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