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    DRI busts a wildlife trafficking syndicate involved in illicit trade of ivory artefacts
    Japan reports record exports, imports for July as energy costs climb
    Five held in UP's Bareilly for alleged fake Ayushman cards racket
    MSMEs are the true builders of India’s economic resilience: LG Sinha
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    Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
    Rupee falls 2 paise to settle at 95.76 against US dollar
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    Rupee rises 1 paisa to 95.73 against US dollar in early trade
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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.
    Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
    August 20, 2026
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    Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
    Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
    August 19, 2026
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    Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
    Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
    August 19, 2026
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    MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
    MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
    August 19, 2026
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    Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
    Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
    August 19, 2026
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    Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
    Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
    August 19, 2026
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    Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
    UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
    August 19, 2026
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    Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
    Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
    August 19, 2026
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    Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
    Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
    August 19, 2026
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    Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
    India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
    August 19, 2026
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    International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
    IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
    August 19, 2026
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    Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
    Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
    August 19, 2026
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    Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
    Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
    August 19, 2026
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    AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
    QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
    August 19, 2026
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    Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
    Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
    August 19, 2026
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    Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
    Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
    August 19, 2026
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    Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
    Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
    August 19, 2026
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    Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
    Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
    August 19, 2026
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    India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
    India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
    August 19, 2026
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    Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
    European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.

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      Customs, DGFT & SEZ

      Network Planning Group under PM GatiShakti recommends 6 Infrastructure projects at its 45th Session

      March 22, 2023

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      Network Planning Group under PM GatiShakti recommends 6 Infrastructure projects at its 45th Session

      Projects to be developed in integrated and holistic approach under PM GatiShakti Principles

      The Network Planning Group (NPG) under PM GatiShakti at its 45th session examined and recommended 6 Infrastructure projects. The meeting was chaired by the Special Secretary, Logistics Division, DPIIT and saw active participation of senior officials from key member ministries/departments including Department of Telecommunication (DoT), M/o Environment, Forest and Climate Change, M/o Railways, M/o Ports, Shipping and Waterways, M/o Civil Aviation, M/o Power, NITI Aayog, M/o Road Transport and Highways, M/o Petroleum and Natural Gas and M/o New and Renewable Energy. During the meeting 6 projects viz., 1 by MNRE, 3 by M/o Railways and 2 by MoRTH were examined by the NPG and recommended. These projects will be developed in tandem with the PM GatiShakti Principles using the integrated and holistic approach. These projects will also provide multimodal connectivity, seamless movement of goods and passengers as well as increase logistics efficiency across the country.

      A project by the Ministry of New and Renewable Energy was examined by the NPG. The project was for the Inter-State Transmission System for Renewable Energy Projects in Ladakh. This project is an important and one-of-a-kind project.  It is a big step towards achieving the Government of India’s target of 500 GW capacity from non – fossil fuels by the year 2030. During the Independence Day speech of 2020 by the Hon’ble Prime Minister, he shared the setting up of a 7500 MW solar park in Ladakh and the transmission project. This project enables evacuation and grid integration of 13 GW RE through a 5 GW transmission system. With a first of its kind system in the world a transmission utilization of 76% is expected. This project comprises State-of-the-art VSC based HVDC terminals at Pang (Leh) and Kaithal (Haryana) along with a 350 kV HVDC line. It will create employment opportunities at local level and lead to overall economic development of Ladakh. It also facilitates in abating carbon dioxide (CO2) emissions of the order of 26 Million Tonnes/year. 

      The Ministry of Railways proposed a project for city logistics. The project was for Kanpur Anwarganj – Mandhana elevated railway track. It is a City specific project as it will increase line capacity utilization for railways and improve city logistics in the region. The project  is located in the heart of Kanpur city wherein 16 Level Crossing (LC) are located in 16 Km stretch with GT road running parallel to this track. On both sides of the railway track there are important components such as universities, medical college, cardiology centre, cancer centre, good shed, consumption centres, warehouses, agricultural components, among others. Eventually, it leads to traffic jams and an increase in waiting time of trains, and vehicles. After the construction of this track rail logistics will improve by 4.2 MTPA. It will improve the container traffic in the region and result in saving of around Rs. 0.0021 Cr of fuel and Rs. 0.0026 Cr of emission. The present road traffic will also improve by 25% significantly improving industrial production and consumption. The Land released after dismantling of old track will be utilized for E-bus dedicated corridor and other commercial activities. Moreover, a skywalk connectivity through two metro stations will also be provided through this railway track. This project will improve the socio-economic status in the region with its holistic approach.

      Further, a project by the Ministry of Railways for construction of Rail Bridge across river Ganga in connection with the new railway line connecting Vikramshila – Katareah railway station on East central railway in Bihar State was examined by the NPG. The project is about 40 KM from Bhagalpur alongside a stream on river Ganges. This is a critical infrastructure project as it will provide seamless freight flow movement after the completion. This project will provide connectivity to economic nodes of food grains, movement of cement to north Bihar and North east region, Eastern coal field, increase in stone chips boulders and other quarry products to 5 rakes a day.

      Another project proposal was examined for doubling of Ajmer – Chittaurgarh railway line of 178.28 Km. This project will predominantly serve the industrial & tribal belt i.e., Ajmer, Bhilwara and Chittaurgarh districts of Rajasthan. The region has many religious, tourist and historic places in the project area i.e., Pushkar, Ajmer, Chittaurgarh & Udaipur. The project section also serves important food grain unloading stations like Ranapratapnagar Fertilizers loading stations viz. Debari (DRB), Cement/Clinker loading stations, Zinc mines, Spinning mills & textile hub and major defence establishment of Nasirabad. By doubling the line this project will improve 18.95% passengers time and save approximately 40-45 mins of travel time. It will provide multimodal connectivity and increase logistics efficiency in the region.

      Additionally, NPG examined 2  projects by the Ministry of Roads, Transport and Highways pertaining to construction of 4 Lane to Bijni to Mandi section including construction of twin tube tunnels of Pathankot – Mandi. It will improve connectivity with Pathankot Cantt. Railway Station and Joginder Nagar Railway Station. It will also connect important towns i.e., Nurpur, Shahpur, Dharamshala, Kangra, Palampur, Baijnath and Mandi. This project will increase the freight volume on the Greenfield corridor by increasing economic activities in the region. It will improve rail connectivity (including Dedicated Freight Corridors), airports, MMLPs and ropeways. The project will provide multimodal connectivity to 5 unique nodes under PM GatiShakti NMP Principles viz., Pharma and medical Centre, SEZ, Industrial Parks, and Textiles clusters.

      The second project proposed by MoRTH was the construction of a 4 Lane of Belgaum – Hungsund – Raichur, as a part of Panaji – Hyderabad Economic Corridor. This economic corridor will enable seamless connectivity between Bharatmala Economic Centres of Southern States of India, Karnataka, Goa, Telangana via high-speed NHs and EXPs of Karnataka and Bhanapur – Gadenkeri. It will improve multi-modal connectivity with 6 Major Railway Stations namely, Goa, Belgavi, Bagalkot, Raichur, Mahabubnagar and Hyderabad, 3 Airports viz Goa, Belgavi and Hyderabad), and 20+ Tourist Places. This project is important as it will help in implementing the vision of Amrit Kaal by connecting 6 districts and 6 PM GatiShakti Economic Nodes.

      The 45th Session of the Network Planning Group (NPG) took place on 15 March 2023 at Udyog Bhawan, New Delhi.

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