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    Rupee settles on flat note, 3 paise higher at 95.71 against US dollar
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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.
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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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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.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
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.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
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.
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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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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
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August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
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August 20, 2026
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Corp. Laws, SEBI & IBC

More than 22000 compliances reduced in Government.

September 28, 2021

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More than 22000 compliances reduced in Government.

103 offences decriminalized and 327 redundant provisions/laws removed by the Centre

Exercise being carried out by Centre to simplify, decriminalize & remove redundant laws - Piyush Goyal

Reduction of compliance burden is the best way to strengthen & boost confidence of business owners- Shri Piyush Goyal

Our focus has been to simplify & streamline procedures to run or start a business - Shri Goyal

A big exercise is being carried out by Central Ministries & States/UTs to reduce compliance burden and the aim of this exercise is to simplify, decriminalize & remove redundant laws, said Shri Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, Textiles, while speaking at the workshop on National Workshop on Reducing Compliance Burden organised by DPIIT here today.

Shri Goyal said that India, under PM Modi, has come a long way from red-tapism to laying the red carpet for businesses.

The mindset has evolved from “Not able to understand complexities” to “It’s so simple to start a business”.

He said that  numerous regulatory compliances only confused the new prospects & built hesitation in investors but today we are creating a most conducive environment for entrepreneurs.

The Minister said that  the soft launch  of the National Single Window System is an outstanding example of Government's commitment to simply and rationalise things.

The NSWS portal hosts approvals across 18 Central Departments & 9 States and another 14 Central depts & 5 states will be added by Dec’21.

Shri Goyal said that through a participative & consultative approach with all stakeholders we are identifying & eliminating hurdles in a timebound manner.

Speaking on the occasion Secretary DPIIT said that more than 22,000 compliances have been reduced by Union Ministries, States & UTs so far under the initiative and about 13,000 compliances simplified while more than 1,200 processes have been digitized. It may be noted that during last fee years 103 offences have been decriminalized and 327 redundant provisions/laws removed.

Shri Goyal said that the National Workshop on Reducing Compliance Burden will showcase the progress, achievements and notable initiatives under the exercise of Reducing Compliance Burden to ensure Ease of Living and Ease of Doing Business.

During the workshop Ministries and States showcased iconic reforms, shared Best Practices and highlighted impact created in continuous endeavour to reduce compliance burden and improve quality of living for citizens.

On the occasion Shri Piyush Goyal also released the Stakeholders Booklet on Reduction of Compliances.

The Workshop is going to promote peer learning among Ministries and States/UTs to facilitate swift adoption of Best Practices for improved Service Delivery to citizens and businesses.

With the intent to ensure “Minimum Government, Maximum Governance” the Government of India embarked on an ambitious journey to reduce burdensome compliances.

Department for Promotion of Industry and Internal Trade (DPIIT) pioneered this initiative and closely engaged with the States/UTs and Ministries for more than two years to improve the regulatory and governance model across the country.

Under the aegis of 'Azadi Ka Amrit Mahotsav', an initiative of the Government of India to celebrate and commemorate 75 years of progressive India and its achievements, DPIIT held this National Workshop on Reducing Compliance Burden.

The workshop was chaired by Shri Piyush Goyal, and also addressed by Ministers of State for Commerce and Industry Shri Som Parkash and Smt. Anupriya Patel.

Some of the iconic reforms implemented by the Centre to ease compliance burden on citizens and businesses are-

1) Removal of distinction between Domestic and International OSP (other service provider) which will provide thrust to voice-based BPO and ITeS organizations in India,

2) liberalized access to geospatial data,

3) Introduction of ‘Mera Ration’ mobile app,

4) Introduction of single step online Aadhaar validation process for 18 services associated with Driving License and Registration Certificate.

5) 46 penal provisions of the Companies Act, 2013 and 12 offences under the Limited Liability Partnership (LLP) Act, 2008 decriminalized.

6) Through business process re-engineering, States/UTs have reduced time for granting approvals/licenses, eliminated physical touch-points and brought transparency in inspections.

7) Single window clearances for new investors have reduced the time to start operations across businesses.

It was noted that many State Governments have also maintained the momentum of continued reforms by implementing licensing reforms, computerized central random inspection system, labour reforms, initiatives to support Medium, Small and Micro Enterprises (MSMEs) and promote industrial development in the true spirit of cooperative federalism.

In July 2020, Cabinet Secretary had written to all Ministries to set up a dedicated team to examine the Acts and Regulations under their purview and reduce the compliance burden for citizens and business activities. DPIIT has been directed to act as a Nodal Department to coordinate this exercise of reducing compliance burden on citizens and business activities.

The objective for this comprehensive exercise is to improve ease of living and ease of doing business by simplifying, rationalizing, digitizing and decriminalizing government to business and citizen interfaces across all Ministries and States/Union Territories. Following are the focus areas of this exercise:-

1) Eliminate compliance burden across all procedures, rules, notifications, circulars, office memorandums, etc. which merely add to time and cost without achieving any tangible improvement in governance.

2) Repeal/amend/subsume redundant laws.

3) Decriminalize laws pertaining to technical and minor non-compliance issues to eliminate constant fear of being prosecuted for trivial defaults, while retaining strict criminal enforcement for serious fraudulent offences that jeopardize and prejudice public interest.

In July-August 2020, DPIIT shared the template of Action Plan to reduce compliance burden with all Ministries and States/UTs. Each Department and State/UT appointed a nodal officer for coordinating the exercise for reduction of compliance burden.

So far, through a simple, transparent, and time-bound exercise various government agencies have reduced more than 22,000 compliances across Ministries and States/UTs.

As part of the exercise on reducing compliance burden, Ministries and States/ UTs implemented various initiatives that impact specific segments of citizens and businesses. Some of the iconic Initiatives of different departments are -

1) Department of Telecommunications:

- Distinction between Domestic and International OSP (other service provider) removed, allowing Indian Telecom Service Providers serving foreign counterparts to register as an OSP. Allowed sharing of EPABX and PSTN lines by domestic and international centers. This provides massive growth thrust to BPO, BPM and ITeS organizations providing voice-based services in India

2) Department of Science and Technology:

- Private, public entities and research institutes now allowed to collect, process, store, publish and share geospatial data and services including maps enabling an Indian firm offer world class geo spatial service such as Google maps. Liberalized access to geospatial data helps stakeholders plan better for infrastructure projects, protection from natural calamities and enables environment protection. Reduced reliance on foreign resources and technology for geo spatial mapping

3) Department of Food and Public Distribution:

- Migrant beneficiaries empowered to get their entitled quota of food grains from any electronic point of sale (e-PoS) enabled fair price shops across the country. ‘Mera Ration’ mobile app introduced to help users identify nearest fair price shop, check entitlement details and recent transactions. Ration cards made portable minimizing compliance pain of migrant beneficiaries in availing their food grain quota. Facility covers more than 75 Crore beneficiaries under National Food Security Act (NFSA) covering almost 94.3% of NFSA population

4) Ministry of Road Transport and Highways:

- Single step online Aadhaar validation process introduced for 18 services associated with Driving License (DL), Registration Certificate (RC), Transfer of Ownership, International Driving Permit, Hire-Purchase, etc., eliminating the need for citizens to visit the Road Transport Offices (RTO) leading to hassle free services at the doorstep of citizens

- Registration Certificate now issued at dealer location itself. Vehicle registration can be done anywhere in the state (Maharashtra, Delhi, Uttar Pradesh, Haryana, Chhattisgarh, West Bengal)  vis-a-vis earlier process wherein it could be done only at respective RTO

5) Ministry of Education-

- Digital Infrastructure for Knowledge Sharing (DIKSHA) user interface developed to enable learners and teachers across the country to access curricula of NCERT, CBSE and SCERTs online. 1.85 lakh pieces of e-content on-boarded and high traffic on portal (~2,400 crore hits since lockdown) showcases its increased usage. Training of teachers has been enabled online on DIKSHA with about 25 lakh teachers benefitting from it.

6) Ministry of Micro, Small and Medium Enterprises:

- Samadhaan portal launched empowering MSMEs across the country to register and track grievances related to delayed payment and settlement of disputes. CHAMPIONS portal launched by the Prime Minister for speedy redressal of grievances of MSMEs. Over 37,000 grievances redressed (by Aug’21) with a reply rate of more than 99%.

- Sampark portal launched to help connect jobseekers (passed out trainees/ students of MSME Technology Centers) to recruiters. 4.73+ lakh jobseekers and more than 6,200 recruiters are registered on the portal till date

8) Department of Consumer Affairs:

- BIS Care app launched empowering consumers to check authenticity of ISI marked and hallmarked products. Citizens can also lodge complaints against fraudulent products using the App.

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Acts Income Tax