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July 17, 2026
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Export readiness for MSMEs strengthens global market access through trade intelligence, standards compliance, preferential origin rules and trade remedy awareness.
Export readiness for Indian MSMEs is supported through practical guidance on identifying export opportunities, market-access requirements, trade intelligence tools, international standards, sustainability requirements and buyer identification. International expansion strategies include using preferential Rules of Origin and cooperation mechanisms under Free Trade Agreements, selecting export destinations, product positioning, diversification and value addition. Trade remedy awareness and guidance on unfair trade practices and import surges, together with institutional support, partnerships and trade-exhibition participation, can strengthen global competitiveness and integration into global value chains.
July 16, 2026
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Reciprocal tariff measures and multilateral dispute settlement are pursued in response to contested import duties.
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July 16, 2026
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Section 301 tariff authority offers a procedurally constrained route to replace temporary global import tariffs after emergency powers failed.
Import-tariff authority is shifting from emergency-based measures to temporary and investigatory powers under the Trade Act of 1974. Section 122 supports a global tariff measure only for a limited period, whereas Section 301 permits tariffs or trade sanctions for unjustifiable, unreasonable, or discriminatory foreign trade practices after required public-comment and hearing procedures. Current Section 301 investigations concern forced-labour imports and alleged overproduction by trading partners. A more rule-bound tariff framework may reduce, but not eliminate, commercial uncertainty, and broad use of Section 301 for near-universal tariffs may face legal challenge.
July 16, 2026
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International food-safety and phytosanitary compliance supports premium cherry and plum exports from Jammu and Kashmir to Singapore.
Export of premium cherries and plums from Jammu and Kashmir to Singapore was facilitated to expand overseas market access for temperate fruits. The produce underwent scientific cultivation, optimum-maturity harvesting, grading, sorting, packing and cold-chain handling in compliance with international food-safety and phytosanitary standards. The initiative highlights quality enhancement, market development, logistics, export-oriented production and improved post-harvest management for horticultural exports.
July 16, 2026
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Electricity bill recovery and prepaid departmental billing are presented alongside independent tariff regulation and rooftop solar promotion.
Electricity-payment arrears were reported against government departments and non-government consumers. Tariffs are determined independently by the State Electricity Regulatory Commission on factors including power-purchase costs, regulatory assets, the distribution company's financial position and public hearings. Recovery from non-government consumers is undertaken under the Electricity Supply Code, while a pre-paid billing system is being implemented for government departments to improve payment compliance. Rooftop solar installations are also being promoted to reduce household electricity bills.
July 16, 2026
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Rupee depreciation pressures intensify as elevated crude prices, foreign capital outflows and geopolitical tensions weigh on exchange markets.
The rupee weakened for a fourth consecutive session amid elevated crude oil prices, a stronger dollar index and foreign capital outflows, with rising oil import costs adding to balance-of-payments pressures. Reserve Bank of India data showed an overall balance-of-payments deficit during the first two months of the fiscal year, although the current account recorded a surplus for April-May 2026. Geopolitical tensions and Strait of Hormuz risks were cited as supporting high crude prices, while possible Reserve Bank intervention could support the rupee.
July 16, 2026
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Zero-duty India-UK trade under CETA begins with jewellery and coffee consignments, supported by exporter compliance guidance.
India-UK CETA introduced a low- or zero-tariff regime covering about 99 per cent of tariff lines for Indian exports to the United Kingdom. Initial zero-duty jewellery and coffee consignments reached the UK under the agreement. CETA is intended to improve market competitiveness, strengthen supply chains and support businesses, exporters, importers and investors. A dedicated facilitation forum and a guide to UK import standards and regulatory requirements support Indian exporters, particularly small and medium enterprises, in navigating the post-CETA trading regime.
July 16, 2026
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Foreign investor tax exemptions on government securities are proposed to continue, supporting sovereign debt market liquidity and capital inflows.
Income-tax exemption for foreign investors in government securities is proposed to continue through the Income-tax (Amendment) Bill, 2026, replacing the corresponding ordinance. The ordinance exempted interest income and capital gains from the sale, exchange or transfer of government securities by foreign investors, effective from 1 April. The measure seeks to attract foreign capital, deepen the sovereign debt market and improve liquidity amid global economic volatility. The legislative agenda also includes MSME reforms concerning delayed-payment redressal, enforcement of arbitral awards and State flexibility in constituting facilitation councils.
July 16, 2026
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Foreign asset reporting requires complete Schedule FA and Schedule FSI disclosures despite limited information displayed in the Annual Information Statement.
Annual Information Statement records for eligible taxpayers include foreign assets and foreign-source income information received through the Automatic Exchange of Information framework. The information is intended to facilitate accurate tax compliance and is not a scrutiny or investigation mechanism. As the displayed data is limited to information received from partner jurisdictions and is not exhaustive, taxpayers must correctly and completely disclose all foreign assets and foreign-source income in Schedule FA and Schedule FSI, whether or not such information appears in the Annual Information Statement.
July 16, 2026
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Donation management safeguards require transparent accounting, secure precious-metal handling, audits and adherence to prescribed banking and statutory norms.
Donation-management governance at the Vaishno Devi shrine was reviewed with emphasis on transparency, accountability and compliance with standard operating procedures. The review covered collection, counting, accounting, custody and utilisation of offerings, supported by verification procedures, surveillance, banking safeguards and periodic audits. Security protocols also govern the handling, storage, transportation, processing and refining of precious-metal offerings. The review took place amid a pending complaint alleging irregularities in silver offerings, with complete records sought regarding action taken.
July 16, 2026
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EPFO-integrated provident fund payments streamline statutory compliance through digital banking, with real-time confirmations and instant challan downloads for businesses.
EPFO-integrated provident fund payment service enables business customers to initiate statutory PF payments through the EPFO portal and complete transactions using the bank's internet banking platform. Real-time transaction confirmations and instant challan downloads support faster processing, cash-flow management and timely compliance with EPFO payment requirements.
July 16, 2026
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Privileged access governance and explainable security monitoring support auditable, sovereign enterprise cybersecurity across private and air-gapped deployments.
Swaraj Nandi provides privileged-access management through credential vaulting, automated rotation, Zero-Trust approvals, multi-factor authentication, session recording and audit reporting. Swaraj Hansa provides AI-assisted security information and event management by collecting, correlating and triaging security signals with explainable alerts and human-owned decisions. Both platforms support on-premise, private-cloud and relevant air-gapped deployment models, and their compliance architecture is mapped to the RBI IT Framework, SEBI CSCRF, DPDP Act, PCI-DSS, ISO 27001 and NIST CSF.
July 16, 2026
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Money-laundering investigation targets alleged foreign-funded network facilitating illegal infiltration, forged identity documents and economic rehabilitation of immigrants.
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July 16, 2026
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Money-laundering investigation examines alleged foreign-funded networks supporting illegal infiltration, forged documents, and economic settlement of migrants.
A money-laundering investigation concerns an alleged network facilitating illegal entry and settlement of Bangladeshi and Rohingya nationals. The alleged scheme involved forged identity and travel documents, charitable trusts receiving overseas contributions, and diversion of funds through bank accounts, mule accounts and layered transactions. Suspected fund use included settlement support, documentation, employment, cash assistance and income-generating assets. Searches examined the alleged infiltration, documentation and financial-support network.
July 16, 2026
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Agentic AI innovation centre enables consumer businesses to co-create, test and scale enterprise AI solutions across operational functions.
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July 16, 2026
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Cost Inflation Index enables inflation-adjusted long-term capital gains calculations through indexed acquisition cost for eligible capital asset transfers.
The Cost Inflation Index for financial year 2026-27 is 384 for computing inflation-adjusted long-term capital gains on transfers of capital assets, including immovable property, securities and jewellery. It is used to determine indexed cost of acquisition by adjusting purchase cost for inflation. Long-term classification generally requires holding exceeding 36 months, with stated periods of 24 months for immovable property and unlisted shares and 12 months for listed securities.
July 16, 2026
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India-EU industrial and technology cooperation advances through trade facilitation, resilient supply chains, digital innovation and expanded market access.
India-EU industrial and technology cooperation was advanced through engagements addressing industrial collaboration, technology partnerships, bilateral trade opportunities and business-to-business cooperation. Discussions covered trade facilitation, investment flows, supply-chain resilience, digital innovation, competitiveness and regulatory challenges. The interactions emphasised industry-led growth, greater market access for Indian enterprises and innovation-driven partnerships under the Trade and Technology Council framework.
July 16, 2026
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Preferential India-UK trade framework introduces broad zero-duty export access, self-certified origin documentation, and social-security contribution relief for temporary professionals.
India-United Kingdom CETA entered into force with preferential tariff treatment, including zero-duty access in the United Kingdom for nearly 99 per cent of India's exports. The Agreement covers goods, services and cooperation in customs, digital trade, financial services, telecommunications, intellectual property and professional services. The associated Agreement on Social Security exempts Indian professionals on temporary United Kingdom assignments from double social-security contributions for up to five years. Rules of Origin certification was operationalised through self-certified Certificates of Origin issued on the eCoO 2.0 platform.
July 16, 2026
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Labour market indicators showed stable overall participation, employment and unemployment, with marginal urban improvement and softer rural unemployment.
Monthly labour-market estimates for persons aged 15 years and above, compiled under the Current Weekly Status approach, show stable overall labour-force participation, worker population ratio and unemployment rate in June 2026. Urban labour-force participation and worker population ratio improved marginally, while rural participation and employment remained stable. Female labour-force participation was broadly stable month-on-month. Rural unemployment eased slightly, urban unemployment rose marginally from the preceding month, and urban unemployment declined on a year-on-year basis.
July 16, 2026
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Competition clearance governs full acquisition of a data-centre provider alongside co-investor economic interests in the transaction.
Competition approval concerns Opal Bidco Pte. Ltd.'s acquisition of the entire shareholding in STT GDC Pte. Ltd., a data-centre provider. The transaction also provides for specified co-investors to acquire economic interests in STT GDC on a see-through basis. STT GDC operates in India through an indirect subsidiary and is among multiple data-centre participants active in India.

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Customs, DGFT & SEZ

Finance and Corporate Affairs Minister inaugurates ‘Kendriya GST Parisar’ residential complex for CGST officers at Kharghar, Navi Mumbai

September 15, 2022

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Finance and Corporate Affairs Minister inaugurates ‘Kendriya GST Parisar’ residential complex for CGST officers at Kharghar, Navi Mumbai

We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects : Nirmala Sitharaman

The next residential project of CBIC is coming up at Wadala over a 40 acres plot, with more than 4000 residential units and three office towers: Revenue Secretary

Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman inaugurated ‘Kendriya GST Parisar’, a residential project for officers and staff of CGST Mumbai Zone under the Central Board of Indirect Taxes and Customs (CBIC), at Kharghar, Navi Mumbai today. The Finance Minister ceremonially handed over the keys to the first five allottees, who are officers of different ranks and cadres of the CBIC. Union Minister of State Finance Sh. Pankaj Chaudhary was also present on the occasion. Revenue Secretary Shri Tarun Bajaj, CBIC Chairman Shri Vivek Johri, Member (Administration) of CBIC Smt. Sungita Sharma, Principal Chief Commissioner CGST Mumbai Zone Shri Ashok Kumar Mehta and other senior officers from CBIC and officers and staff from CGST Mumbai Zone Mumbai zone were present amongst the dignitaries.

Kendriya GST Parisar is a spacious residential project with well thought layout and located at one of the most preferred locations In Navi Mumbai. The project sits at a crossroads of connectivity to major avenues of Mumbai and Pune and has quick and easy access to hospitals and Educational Institutes. The inauguration of project in Amrit Kaal during the Azadi Ka Amrit Mahotsav showcases the strength of New India.

Addressing the gathering, Finance Minister expressed special appreciation to former Chairman of CBIC and his team for taking up the project and getting it cleared and executed. Smt. Sitharaman said that it gives her immense satisfaction to be in places where projects for welfare of Finance Ministry’s field formations are taken up and completed. Noting that the project has been completed in record time and cost by the public sector organization NBCC even during the pandemic, Finance Minister said that, “it is exemplary and proves that government organisations can excel and compete with the private sector as well”. In this context, she said that Government and Quasi-Government organizations had in earlier times been looked at with a sense of uncertainty. “Today is a rare occasion when a project is completed within time and cost, without compromising quality and keeping the future in mind”, said the Finance Minister.

Speaking about the achievements of CBIC, the Finance Minister said, “You keep doing good work, generating revenues, you are noticed for it, PM made a special appreciative mention recently on level of GST revenues”. The Finance Minister also spoke about the need for training CBIC officials for better utilization of Artificial Intelligence, Data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion.

The FM was appreciative of the Central Intelligence Unit team of CGST Mumbai Zone for fantastic data analysis and mining tools used for large scale tax evasion resulting in big recovery and booking of offenders. He also lauded the effort of the department to take care of future needs and development required for the second phase for welfare of officers and staff.

Minister of State for Finance Shri Pankaj Chaudhary appreciated the team that implemented the project for completion of the work at a cost of Rs 100 crores, which is less than the allocated project cost of Rs 110 crores. He also lauded the effort of the department to take care of future needs and development required for the second phase for welfare of officers and staff.

Revenue Secretary Shri Tarun Bajaj said, it is very important to take care of the tax officers, especially in terms of their accommodation, if good productivity is to be expected from them. In this context, there has been emphasis for the last year and a half to clear all such projects, he added.

The Revenue Secretary informed that another housing project of CBIC is coming up at Wadala in Mumbai. It is a huge project on a 40 acres plot. In the first phase 770-780 flats and one office tower will be constructed. This will be followed by construction of around 4000 residential units along with two office towers in the next phase.

Chairman CBIC Sh. Vivek Johri said 7% of GDP and 40% of foreign Trade is contributed by Mumbai. Mumbai Customs Zone give 25% and Mumbai CGST 18% of GST revenue in Country whereas 14% workforce of CBIC is in Mumbai itself. In order to meet the aspirations of staff and officers of Mumbai, second phase of 160 flats in the Kharghar would be constructed soon.

The Principal Chief Commssioner of CGST Mumbai Zone Ashok Kumar Mehta informed that CGST Mumbai Zone, the highest revenue collecting zone in the country, had collected more than Rs. 1,18,000 crores in the last fiscal. Rs. 11,000 crore of tax evasion was detected by the zone in last 12 months, he added.

Kendriya GST Parisar:

The project was completed in record 14 months despite two waves of COVID 19 affecting work and within stipulated timelines of agreement. It is a State of the art structure, green and sustainable and conforming to GRIHA3 norms. The plot 20000 sq mtrs has a built up area of 30534 sq. mtrs thus the average cost of construction pegged at Rs 32,750 per sq mt or Rs 3044 per sq feet. The cost of Rs. 3044 per sq feet is far less than average cost of construction in Mumbai which is more than Rs 6000 per sq feet. The flats are spacious nicely ventilated with best fittings, fixtures and lightings. 187 Residential quarters for all class of officers and staff has been constructed viz: type II (42 flats), type III (70 flats), type IV (Special) (20 flats), type V (9 flats), and type VI (2 flats).

AFFORDABLE HOUSING is one of Mumbai's most pressing issues. The General Pool Residential Scheme provides housing for Central Government employees, but with an increase in employment and applicants from all over India, there is a shortage of quarters and a long waiting list. As a result, this project has taken a significant step toward resolving the residential issues that government employees face. CBIC is making significant efforts to develop housing project for the welfare of officers and staff all over India wherever there is shortage of Government accommodation.

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