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    India’s Foreign Exchange Markets: Getting ready for the next Decade [Keynote Address delivered by Deputy Governor Shri Rohit Jain on the Annual Day ...
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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.
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August 21, 2026
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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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August 21, 2026
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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.
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
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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.
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
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August 20, 2026
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August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
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August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
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August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.

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Customs, DGFT & SEZ

Orientation programme for establishment of Spice Farmers Producer Companies (SFPCs) and buyer-seller meet organized to highlight the promotion of spices and herbs being grown in Arunachal Pradesh and integrate the farmers of the State with markets in India and abroad

April 26, 2017

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Commerce and Industry Minister Smt. Nirmala Sitharaman, inaugurated the orientation programme for establishment of Spice Farmers Producer Companies (SFPCs) and a buyer-seller meet organized by Spices Board in Itanagar today to highlight the promotion of spices and herbs being grown in the hill State of Arunachal Pradesh and integrate the farmers of the State with markets in India and abroad. Shri Kiren Rijiju, Minister of State for Home Affairs, Shri Wangki Lowang, Minister of Agriculture, Fisheries, Trade & Commerce and Shri Tamiyo Taga, Minister of Power, Industries, Textiles & Handicraft, Government of Arunachal Pradesh also participated in the programme.

“As part of Government of India Look East to Act East policy, North East region is given priority and actions are being initiated in the region for development. There is scope for export of spices like large cardamom, ginger, turmeric etc., which area produced naturally organic in Arunachal Pradesh. In order to aggregate the farmers’ produce, Spice Farmers Producer Societies shall be formed” said Smt. Sitharaman. She further added that Spices Board, Agricultural and Processed Food Products Export Development Authority (APEDA), Small Farmers' Agribusiness Consortium (SFAC), Ministry of Development of North Eastern Region (MDONER), North Eastern Council (NEC) and Government of Arunachal Pradesh are to work together for materializing the establishment of SFPCs. The first SFPC in the country will be established in the State of Arunachal Pradesh.

It was declared by the Minister for Commerce and Industry that a team of Officers, Spice Farmers and Spice Processors will visit the Spices Park set up by the Spices Board at Guntur so that they can learn how to establish common infrastructure facilities viz, warehousing, primary processing, value addition etc., for large cardamom, ginger and turmeric with private buyers and investors. She urged the State Government of Arunachal Pradesh for submitting proposal to the Central Government for consideration under ‘Trade Infrastructure for Export Scheme(TIES)’ by adopting PPP approach. On certification, Smt. Sitharaman clarified that authentic organic certification is required to be done to market the produce. Umbrella certification will be promoted for grower groups for reducing the cost of organic certification.

In his Presidential Address, Shri Kiren Rijiju, Hon’ble Minister of State for Home Affairs, Government of India appreciated and congratulated Smt. Nirmala Sitharaman, Union Minister of State (Independent Charge) for Commerce and Industry for having taken such an initiative for the development of this region. He also requested the Commerce and Industry Minister for establishing Border Haat along the border of Myanmar in Arunachal Pradesh similar to Nathu La Border in Sikkim.

Dr A. Jayathilak, Chairman, Spices Board informed that the Board has been trying to aggregate the small and marginal farmers at village in Arunachal Pradesh and other north-eastern States and is encouraging farmers to adopt spice cultivation and processing as an agribusiness activity by initiating the formation of entities like SFPCs and establishing links with the buyers and exporters.

The SFPCs would aim at aggregation of the farmers in the identified spices growing districts to establish direct market linkages with exporters, processors and institutional buyers through buyer-seller meets, while aiding the farming community in better price realization consorted and scientific post-harvest management, primary processing, value addition, packaging and direct marketing. The SFPCs will also facilitate participation of cultivators of spices in national and international trade fairs.

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Acts Income Tax