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    SC to direct CBSE to implement Orissa HC verdict on APAAR consent forms across country
    APEDA Facilitates First Export of 24 MT Frozen French Fries from Uttarakhand to Iraq
    Fourth Edition of National Conference on Responsible Business Conduct (NCRBC) 2026 Concludes in New Delhi
    DRI seizes 15 kg methamphetamine, 4 kg pseudoephedrine, 85 lakh smuggled cigarettes, and 2 drone-dropped Pakistan-made pistols in nationwide operation...
    DRI intensifies crackdown on precious metals smuggling; seizes 15 kg smuggled gold, 20 kg silver and ₹2 crore cash in nationwide operations; 13 ...
    Union Minister of Commerce and Industry Shri Piyush Goyal concludes successful visit to Spain, Belgium, Finland and Estonia; strengthens India's econo...
    Trump wants Iran added to Russia sanctions bill
    HDFC Bank profit rises 5 pc to Rs 19,060 cr in Q1
    Indian-origin woman sentenced to 2 years jail over Covid business loan fraud in UK
    Onion growers welcome agri market near Vadhvan port, urge govt to develop Nashik as export hub
    Vizhinjam port to begin full EXIM operations from Aug 18
    Union Minister of Commerce and Industry Shri Piyush Goyal Engages with Leading Finnish Technology and Industrial Companies to Deepen India–Finland P...
    US oil firms sign deals with Iraq to develop alternative shipping routes
    HC transfers probe against ex-MLC Haji Iqbal from UP STF to SFIO
    Rupee rises 12 paise to close at 96.30 against US dollar
    MP industrial corporation, Amazon ink pact to accelerate e-commerce exports
    Following are the top foreign stories at 2015 hours
    Pending civil suits, arbitral claims stand abated after resolution plan approved under IBC: SC
    India'€™s forex kitty jumps USD 964 mn to USD 675.15 bn
    Rupee rises 14 paise to close at 96.28 against US dollar
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    July 20, 2026
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    Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
    APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.
    July 20, 2026
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    Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
    Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.
    July 20, 2026
    Show AI Summary
    Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
    Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
    July 20, 2026
    Show AI Summary
    Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
    Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
    July 20, 2026
    Show AI Summary
    Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
    Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
    July 20, 2026
    Show AI Summary
    India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
    India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
    July 19, 2026
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    Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
    Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
    July 18, 2026
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    Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
    Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
    July 18, 2026
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    Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
    Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
    July 18, 2026
    Show AI Summary
    Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
    Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
    July 18, 2026
    Show AI Summary
    EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
    Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
    July 18, 2026
    Show AI Summary
    India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
    India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
    July 18, 2026
    Show AI Summary
    Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
    Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
    July 17, 2026
    Show AI Summary
    Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
    A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.
    July 17, 2026
    Show AI Summary
    Foreign exchange market movement strengthens the rupee as equity gains and possible central-bank support offset oil-price pressure.
    Foreign exchange market movement saw the rupee appreciate against the US dollar, supported by positive domestic equity-market performance, lower US Treasury yields and reported possible central-bank intervention. Elevated West Asia tensions, higher global crude-oil prices and cautious foreign investment flows continued to pressure the currency. Market attention remained focused on global developments, crude-oil movements and foreign institutional investment activity, alongside an increase in foreign-exchange reserves.
    July 17, 2026
    Show AI Summary
    E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
    A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
    July 17, 2026
    Show AI Summary
    Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
    Proposed trade tariffs on purchases of Russian oil would target specified countries, including India and China, while exempting European purchasers of Russian gas. Separately, tighter United States visa regulations for international students, exchange visitors and journalists would end a long-standing arrangement allowing indefinite residence without government oversight. The reported changes may materially affect foreign nationals, including Indian nationals, through differentiated trade treatment and enhanced immigration compliance requirements.
    July 17, 2026
    Show AI Summary
    Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
    The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.
    July 17, 2026
    Show AI Summary
    Foreign exchange reserves rose as foreign currency assets, gold, Special Drawing Rights and IMF reserve position increased.
    Foreign exchange reserves increased during the reporting week, principally because foreign currency assets rose. Reserve components include foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. Foreign currency assets, expressed in dollar terms, reflect valuation effects arising from movements in non-US currencies held in the reserves. Gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund also increased.
    July 17, 2026
    Show AI Summary
    Rupee exchange-rate movement stabilised after possible central bank intervention, while oil prices and foreign fund flows sustained pressure.
    The rupee strengthened against the US dollar following four declining sessions, reportedly amid possible Reserve Bank of India intervention. Elevated West Asia tensions, higher crude-oil prices and cautious foreign fund flows continued to weigh on the currency, despite consolidation in the absence of major domestic triggers. Market participants were expected to monitor global developments, crude-oil movements and foreign institutional investor activity for the next directional move.

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      News and Press Release

      Prime Minister to inaugurate Global Entrepreneurship Summit tomorrow in Hyderabad

      November 27, 2017

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      Prime Minister to inaugurate Global Entrepreneurship Summit tomorrow in Hyderabad

      Over 52.5 per cent of the participants in GES to be women

      Advisor to the President of USA Ivanka Trump to lead the U.S. contingent

      The Global Entrepreneurship Summit is being held for the first time in South Asia in Hyderabad, India, from November 28-30.  Co-hosted by the Governments of the United States and India, Prime Minister of India Narendra Modi will inaugurate the summit and Advisor to the President Ivanka Trump will lead the U.S. contingent to GES.

      This is the eighth edition of the Global Entrepreneurship Summit, the preeminent gathering of entrepreneurs, investors, and supporters from around the world.  With the theme of “Women First, Prosperity for All,” this will be the first GES in which women are the majority, over 52.5 per cent, of the participants.

      More than 10 countries will be represented by an all-female delegation, including from Afghanistan, Saudi Arabia, and Israel.  A number of leading female voices will speak at various plenaries, breakout sessions, master classes, and workshops, including tennis champion Sania Mirza, Google’s Vice President of Next Billion Users Diana Louise Patricia Layfield, and CEO of Afghan Citadel Software Company Roya Mahboob.  This year’s summit theme demonstrates the commitment of the U.S. and Indian governments to the principle that when women are economically empowered, their communities and countries thrive.  Women entrepreneurs help drive innovation and job creation, as well as address the world’s greatest and most critical challenges. 

      The inaugural plenary of the high-powered, three-day summit will take place on Tuesday at the Hyderabad International Convention Centre followed by two days of networking, mentoring, and workshops, anchoring the collaborative environment for entrepreneurs to exchange ideas, create networks, and take their passions to the next level.  A line up of the speakers at the plenary session is listed below.

      Tuesday, November 28, 4:30 p.m.

      Be the Change: Women’s Entrepreneurial Leadership

      • Remarks by Prime Minister of India Narendra Modi
      • Remarks by Telangana Chief Minister K. Chandrasekhar Rao
      • Remarks by Advisor to the President of the United States Ivanka Trump
      • Remarks will be followed by a panel session on opening up opportunities for women entrepreneurs in their countries and communities.
        • Moderated by John Chambers, Chairman Emeritus, Cisco  
      • Panelists:
        • Ivanka Trump, Advisor to the President of the United States
        • Nirmala Sitharaman, Minister of Defense, Government of India
        • Sibongile Sambo, Managing Director, SRS Aviation and SRS Petroleum
        • Marcus Wallenberg, Chairman, Skandinaviska Enskilda Banken (SEB)

        Wednesday, November 29, 9:00 a.m.

      We Can Do It! Innovations in Workforce Development and Skills Training

      • A discussion on increasing women’s participation in the workforce through access to skills training, education, and mentorship.  Innovators in workforce development and training will discuss what works and what more can be done to open doors for women in the workplace. 
      • Moderated by K.T. Rama Rao; Minister for IT E&C, MAUD, Industries and Commerce, Mines and Geology Public Enterprises, and NRI Affairs; Government of Telangana, India
        • Panelists:
          • Cherie Blair, Founder, Cherie Blair Foundation for Women, CBE, QC
          • Chanda Kochhar, Managing Director and CEO, ICICI Bank, Limited
          • Karen Quintos, Chief Customer Officer, Dell EMC
          • Ivanka Trump, Advisor to the President of the United States

       Thursday, November 30, 4:00 p.m.

      When Women Win, We All Win: Promoting Inclusive Environments for Women Entrepreneurs

      • The closing session of GES will bring together key influencers that support, promote, and fund women entrepreneurs.  Panelists will share efforts to advance women in leadership positions and ensure that women have “seats at the table” while breaking down the barriers that disproportionately affect women’s ability to start and grow businesses.
      • Moderated by Suresh Prabhu, Minister of Commerce and Industry, Government of India
      • Panelists:
        • Kristina Perkin Davison, Co-Founder and Managing Director, iEurope Capital LLC
        • Dipali Goenka, CEO and Joint Managing Director, Welspun India
        • Mark Green, Administrator, U.S. Agency for International Development
        • Lerato Motsamai, Founder and CEO, PETROLINK
        • Manish Sabharwal, Chairman, Team Lease

      These plenary participants will join dozens of other session speakers and experts and an outstanding group of 1,500 entrepreneurs, investors, and supporters of entrepreneurship from more than 150 countries and territories across the world. 

      The Summit has introduced a mobile application to enable seamless networking among all the registered delegates. A wearable device interlinked with the application is also being provided to all delegates for use during and after the summit. So far, 1500 delegates have downloaded the app, 20,000 profiles have been viewed, 4,000 messages and 6,000 business cards have been exchanged and 500 meetings have already been set up.

       In addition to entrepreneurs traveling from across the globe to share their incredible stories and innovative projects, the following Indian Cabinet Ministers will also participate in GES:

      • Minister for External Affairs, Sushma Swaraj
      • Minister of Defense, Nirmala Sitharaman

      For more information on these and the other GES speakers, and about the Summit itself, please visit www.ges2017.gov.in.  Media inquiries about the Summit should be sent to [email protected].

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