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August 17, 2026
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RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
August 17, 2026
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Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
August 17, 2026
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Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
August 15, 2026
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Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.

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Union Minister of Commerce & Industry Sh. Piyush Goyal highlights the role of PM GatiShakti in evidence-based decision making enhancing ease of living and ease of doing business

October 19, 2023

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Sh. Goyal launches training module on ‘Role of CBIC in PM GatiShakti’ showcasing use of PM GatiShakti for streamlining customs operation for promoting logistics efficiency

DPIIT conducts workshop on development of Digital Learning Resources for Capacity Building on PM GatiShakti National Master Plan

Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, Sh. Piyush Goyal highlighted the role of PM GatiShakti in project prioritization, optimization and evidence-based decision making for enhancing ease of living and ease of doing business. While addressing the Workshop on ‘Development of Digital Learning Resources for Capacity Building on PM GatiShakti National Master Plan’, organised yesterday by the Department for Promotion of Industry and Internal Trade (DPIIT) in collaboration with the Capacity Building Commission (CBC), the Minister said that data-driven training and capacity building is important for ensuring wider adoption of PM GatiShakti principles for the multimodal infrastructure and logistics development.

Shri Goyal also launched a training module on ‘Role of CBIC in PM GatiShakti’, developed for the Ministry of Finance which showcases use of PM GatiShakti for streamlining customs operation for promoting logistics efficiency. The Workshop was also graced by the Chairman, CBC, Sh. Adil Zainulbhai; Special Secretary (Logistics), DPIIT, Smt. Sumita Dawra; and Member, CBC, Sh. Praveen Pardeshi.

Special Secretary (Logistics), DPIIT highlighted the transformative approach of PM GatiShakti initiative that has enabled Ministries/ Departments and States/ UTs to efficiently plan big ticket infrastructure projects. She said that a huge capex push for overall capital investment of INR 10 lakh crores shall aid people centric development via effective and integrated planning of resources.

Chairman, CBC appreciated the massive participation from CTIs, state ATIs, Central Ministries and industry experts for the joint workshop showcasing the innate principle of PM GatiShakti – ‘the whole of government approach’.

The Workshop focused on institutionalizing and regularising training and capacity building of Government Officials on PM GatiShakti principles; Deliberating upon the content, structure and design of sector-specific training modules on implementation of PM GatiShakti approach in planning and development of Infrastructure and Logistics. These training modules, included in Foundation/ Induction / mid career courses of all the CTIs and State ATIs, shall also familiarize the officers with data-driven decision-making in the Logistics Sector.

The workshop was broadly divided into two sessions. Session 1 was a panel discussion on Mainstreaming PM GatiShakti approach in Curriculum of CTIs and State ATIs for a developed India; and Session 2 observed discussion and deliberations in 4 parallel breakout groups for focussed group discussion on Sector-specific training needs & course content and framework for effective delivery mechanism.

Key takeaways from the workshop was:

  • To provide access to dummy data-based application modules (based on successful case studies) at induction-level for enriched PM GatiShakti experience.
  • Establishment of induction labs for simulation-based learning.
  • Facilitate the development of interactive digital courses based on the training need assessment while integrating the PM GatiShakti principles for training of all officers.
  • Conversion of existing courses in CTIs and State ATIs into digital courses at IGoT platform.
  • Explore the possibility of building capacities for developing spatial transformation plans/predictive plans using AI, Blockchain, and other advanced technologies.

To mainstream regular training and capacity building courses on PM GatiShakti principles at Central Training Institutes (CTIs) and State Administrative Training Institutes (State ATIs), a joint workshop on ‘Development of Digital Learning Resources for Capacity Building on PM GatiShakti National Master Plan’, was held yesterday by Department for Promotion of Industry and Internal Trade (DPIIT) in collaboration with Capacity Building Commission (CBC).

Over 70 participants covering Officials from selected CTIs including Lal Bahadur Shastri National Academy of Administration (LBSNAA), National Academy of Indian Railways; state ATIs such as Maharashtra Remote Sensing Application Centre (MRSAC), Haryana Institute of Public Administration (HIPA); concerned line Ministries/Department, and representatives from CBC empanelled agencies, attended the workshop.

For wider adoption in planning for economic and social infrastructure at district and block level, PM GatiShakti is further integrated in the Aspirational Blocks Programme. The CTIs and State ATIs will act as resource centres and support the government official in rigorous utilization of PM GatiShakti NMP for holistic area-development planning.

The workshop is one of the measures undertaken for Logistics Human Resources Development & Capacity Building Strategy of National Logistics Policy. Other initiatives taken includes the following:

  • To sensitise CTIs and State ATIs on the integration of courses on PM GatiShakti into their ongoing curricula, a Webinar was held with all CTIs and State ATIs along with CBC on 4th August 2023.As on date, 17 CTIs and 19 State ATIs have appointed Nodal officers for the same.
  • A MoU between DPIIT and Gati Shakti Vishwavidyalaya regarding capacity building in logistics was signed on 4th October 2023.

Since the launch of PM GatiShakti on 13 October, 2023, 39 Ministries of Govt of India, and all 36 States/UTs have been onboarded on PM GatiShakti platform. Significant achievements have been made and showcased at various national and international forums. This includes G-20 Seminar on Trade Infrastructure at 3rd Trade and Investment working group (TIWG) at Kevadia, Exhibition at B-20, 2023 Regional Cooperation and Integration Conference in Georgia, and five regional workshops across the country. This flagship initiative has also garnered attention from various countries such as Nepal, Japan and Vietnam. Furthermore, a ‘Compendium of PM GatiShakti’ on success stories of PM GatiShakti usage by both Central Ministries & States/UTs has been published.

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