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    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
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    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
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    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
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    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
    Show AI Summary
    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.

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      Customs, DGFT & SEZ

      APEDA organizes International Buyer Seller Meet at Leh for boosting export of Apricots and other agri products of UT of Ladakh.

      June 14, 2022

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      APEDA organizes International Buyer Seller Meet at Leh for boosting export of Apricots and other agri products of UT of Ladakh.

      Farmers, entrepreneurs from Ladakh and global buyers from USA, Bangladesh, Oman and United Arab Emirates participated in the day long meet

      In a move aimed at realizing Hon’ble Prime Minister Narendra Modi’s vision of ‘Vocal for Local’ with an emphasis on ‘Aatmanirbhar Bharat’, Agricultural and Processed Food Products Export Development Authority (APEDA) in collaboration with Union Territory of Ladakh today organized an International Buyer Seller Meet (IBSM).

      IBSM aimed at boosting exprots of Apricots and other agri products from Ladakh.

      Eighteen entrepreneurs from UTs of Ladakh and Jammu and Kashmir displayed a range of Apricots and other Agri Products. Twenty buyers from India, USA, Bangladesh, Oman, Dubai participated in this event. 

      More than 30 producers of Ladakh Apricots and other agro products and stakeholders from UTs of Ladakh and Jammu and Kashmir participated to interact with the importers and exporters providing platform to growers, entrepreneurs from UTs of Ladakh and Jammu and Kashmir to display their products and facilitate B2B interactions. 

      Leh Ladakh is endowed with conducive climatic conditions for the production of a large number of Apricots and other Agri Products.  The farmers and entrepreneurs of UTs of Ladakh and Jammu and Kashmir need exposure to the international trade opportunities with specific reference to temperate fruits such as Apricots, Walnuts, Apples, etc.

      IBSM provided an opportunity to the producers and processors of UT of Ladakh along and Jammu and Kashmir to show case their products to promote the exports as well as their wholesale and retail sale.
      Shri Radha Krishna Mathur, Hon’ble Lieutenant Governor, UT of Ladakh inaugurated the IBSM in the august presence of Shri Jamyang Tsering Namgyal, Hon’ble Member of Parliament, UT of Ladakh, Dr. M. Angamuthu, Chairman APEDA, Shri Ravinder Kumar, Secretary, Agriculture, UT of Ladakh, Shri Saugat Biswas, Secretary, Industry and Commerce, UT of Ladakh, Dr. Tarun Bajaj, Director, APEDA, Shri Moses Kunzang, Director, Industry and Commerce, UT of Ladakhand officials from APEDA and Union Territory of Ladakh. 

      APEDA, under its initiative to boost exports from Himalayan Region is encouraging States and UTs to harness their potential of agricultural produce exports. A platform will be created for the buyers to get the products directly from the producer group and the processors.

      This event is aimed to link the producers and processors of UTs of Ladakh and Jammu and Kashmir and buyers from other parts of the country as well as abroad which in turn will broaden the base of the export basket from the region, including UTs of Ladakh and Jammu and Kashmir to increase the employment opportunities thereby improving the livelihood of the people.

      APEDA organizes International Trade Fairs for participation of exporters and provides a platform to the exporters to market their food products in the global marketplace. APEDA was also given priority and was provided to participation from UTs of Ladakh and Jammu and Kashmir in the national and international events organized by it such as AAHAR, Organic World Congress, BioFach India etc. to promote agro product exports from these regions. 

      As a result the exporters and entrepreneurs from UTs of Ladakh and Jammu and Kashmir have started participation in national and international events during the recent past.

      APEDA offices are located within the premises of Directorate of Agriculture in Jammu and Srinagar Divisions, UT of Jammu and Kashmir and within Directorate of Industries and Commerce in Leh in UT of Ladakh recruiting Business Development Managers from the respective regions ensuring smooth facilitation to the stakeholders on daily basis.

      Also carrying out hand holding of officials of Directorate of Agriculture, Directorate of Horticulture, Directorate of Horticulture Planning, JKHPMC, FPOs, Cooperatives, exporters and start up entrepreneurs linking the stakeholders on aspects related to international food trade during 2021.

      Organizing sensitization of officials of Seed Certification, Directorate of Agriculture, Horticulture, Animal Husbandry, Sher-e-Kashmir University of Agricultural Sciences and Technology or their convergence into Organic Certification Agency under National Program for Organic Production (NPOP) and ISO-17065 during 2021.

      Despite pandemic situation and travel restrictions, Geographical Indication (GI) certified products such as Kashmir Saffron from Srinagar to Lulu FMCG Dubai and other Middle Eastern markets was exported during 2021. The focus was to ensur that GI products from UT of Jammu and Kashmir are available in the international market and at the same time the producers also realize remunerative prices from the global market.

      APEDA has also signed Memorandum of Understanding (MoU) with Sher-e-Kashmir University of Agricultural Sciences and Technology on mutual areas of cooperation such as technical support and promotional activities for enhancing productivity and promotion of potential products from the region. 

      Shipment of Mishri variety Cherries was carried out from UT of Jammu and Kashmir to Dubai for the first time creating international market for Indian Cherries during 2021. The shipment was handled by local entrepreneurs from UT of Jammu and Kashmir with the established exporter from Mumbai to their counterpart in Dubai. 

      Shipment of UT of Jammu and Kashmir fragrance rice Mushkbudji and Acacia honey have been exported in 2021 by the startups/new entrepreneurs to Lulu Group Dubai, Oman and other Middle Eastern markets. Shipment of Apples from UT of Jammu and Kashmir were carried out during 2021 by the startup/new entrepreneur to Oman, Qatar, Dubai, and other Middle Eastern markets. 

      Stakeholders from UTs of Jammu and Kashmir and Ladakh are regularly participating in virtual and physical domestic and international buyer seller meets organized by APEDA and other departments to generate business enquiries. 

      Shipment of Ladakh Apricots was carried out from Leh to Dubai for the first time followed by commercial shipments of Ladakh Halman Apricot creating an international market for Indian Apricots during the month of August-September 2021. 

      Taking into consideration, the taste, texture and soothing aroma of Ladakh Apricots repeat orders were received from overseas market for the produce on a regular basis. The shipment was handled by local entrepreneurs from Kargil with the established exporter from Mumbai to their counterpart in Dubai. 

      APEDA also facilitated exports of Solar dried Apricots from Kargil to Singapore by Startup company for establishing export chain to enter into international market from UT of Ladakh products. 

      APEDA has been regularly mobilizing startups and entrepreneurs from UTs of Ladakh and Jammu and Kashmir to the national and international physical and virtual events for promotion of products from these regions to international market. 

      As a follow up of earlier visit of Chairman, APEDA to UTs of Ladakh and Jammu and Kashmir as well as meeting of Chairman, APEDA with Hon’ble L.G. UT of Ladakh during February 2022 to explore possibilities of export promotion of identified products such as Apricots, organic products and Sea buckthorn products from the region APEDA is organizing this international Buyer Seller Meet mobilizing stakeholders from around the globe for enhancing exports from the region.

      Hon’ble M.P. Ladakh Namgyal during his address mentioned that the UT of Ladakh has gone ahead with Mission Organic has just completed first phase, 34 villages have been certified. With the move of organic certification, the UT of Ladakh products will fetch higher price thereby higher returns to the producers and exporters. 

      Mathur, the Hon’ble L.G. Of Ladakh, during his address emphasized on adding more and more horticulture and agriculture products from the region e.g. Nubra valley black berries along with augmenting pre and postharvest facilities and logistics arrangements in order to enhance volume of products from the region to international market for higher returns to the producers and exporters. 

      APEDA’s efforts to facilitate exports of identified products from UTs of Ladakh and Jammu and Kashmir as well as mobilizing international buyers to the region was appreciated as it was first event of its kind in the region to boost export. There has been overwhelming response from the FPOs, producers, cooperatives, exporters and importers as well as from the UT Administration which will enable convergence of the negotiations in to the business from the region.

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