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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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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
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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.
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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 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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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.
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August 20, 2026
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Customs, DGFT & SEZ

Apricot export under Ladakh Produce brand receives fillip from centre

September 14, 2022

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Apricot export under Ladakh Produce brand receives fillip from centre

During 2022 season, 35 MT fresh Apricots exported from Ladakh to Singapore, Mauritius, Vietnam

In a move aimed at boosting export of agricultural and food products from Ladakh, the Ministry of Commerce and Industry through its export promotion body APEDA is in process of hand-holding of Apricot value chain stakeholders to enhance export from Ladakh under the brand ‘Ladakh Apricot’.

It is expected that the initiatives of APEDA towards export promotion of Apricots and other agri-products would give a fillip to overall development of the region. The export promotion strategy of APEDA places major focus
on canopy management of the apricot orchard/trees obtain a uniform and better-quality harvest of apricots. It would help in sustained marketing, product development, research and development (R&D), enhancement of traceability and brand promotion of apricot,which is one of the important fruit crops of Ladakh and is locally known as ‘Chuli’.

APEDA, in coordination with Ladakh’s Horticulture Department, has also planned to organize awareness drives through canopy management in Kargil and Leh wherein scientist from Sher-e-Kashmir University of Agricultural Sciences and Technology, Kashmir (SKAUST-Kashmir) and Defence Institute of High Altitude Research (DIHAR) will help farmers to manage their apricot orchards/trees in better way to have uniform harvest.
APEDA is also focusing on strengthening packaging for fresh apricots, transport protocol and Brand Promotion ‘Ladakh Apricots’ for better price realization of apricots of trans-Himalayan Ladakh, which are known for their better quality.

Work on obtaining GI tag for Ladakh apricot is also in process. Notably, bulk of the apricot produced in Ladakh is consumed locally and only a small quantity of it is sold in dried form.
Given that logistics support plays a key factor in export promotion of any product,APEDA is working towards the augmentation of logistics support apricots too through air on the lines of market linkage scheme - PARVAZ and by road to nearest international exit ports for streamlining the exports from the region.

APEDA, in association with UT of Ladakh, is also facilitating towards development of export infrastructures such as setting up of integrated pack house facilities with grading lines, pre-cooling units with cold storages and insulated/refrigerated transportation up to packhouse/exit ports, common infrastructure facilities such as pre-shipment treatment facilities e.g. irradiation, Vapor Heat Treatment, Hot Water Dip Treatment
for compliance with Phyto-Sanitary requirements of importing countries.

APEDA had identified fresh apricot fruit exports from UT of Ladakh during the year 2021 and trial shipments were sent to Dubai during the fag end of the apricot season 2021. The results and acceptability of the product was overwhelming due to its unique taste and aroma as well as demand for the product in the international market.

 APEDA organized an international buyer-seller meet in Leh on June 14, 2022 which was just before the commencement of the Apricot harvest of the season. More than 30 buyers from India, USA, Bangladesh, Oman, Dubai, Mauritius, etc were mobilized to interact with the producers and suppliers of apricots and other agricultural products from the UT of Ladakh.
As a result, during the 2022 season 35 MT fresh Apricots were exported to various countries from Ladakh for the first time. Trial shipments of Ladakh Apricots also took place to countries like Singapore, Mauritius, Vietnam during the season 2022.

Ladakh is the biggest apricot producer in the country with a total production of 15,789 tonnes that constitutes nearly 62 percent share in total. The region produced approximately 1,999 tons of dried apricot, making it the largest producer of dried apricot in the country. The total area under apricot cultivation is 2,303 hectares in Ladakh.

The native apricot genotypes of Ladakh possess unique and important characteristics, such as high TSS content, late and extended flowering and fruit maturity, and white seed stone phenotype, which offer opportunity for exporting to different nations worldwide.
In view of the uniqueness and premium quality of apricots of Ladakh, there is immense scope for Ladakh to emerge on the world map for Apricot production and export.

Ladakh Apricot is classified into two broad categories based on kernel taste and stone color. Fruits with bitter kernels are called khante meaning bitter, while those with sweet kernels are called nyarmo meaning sweet. They are further divided into two sub-groups based on seed stone color. Fruit with white seed stone is called Raktsey Karpo (Rakstey means seed, karpo means white), while those with brown seed stone are called Raktsey
Nakpo or Nyarmo (black seeded).

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