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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.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
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.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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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.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
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Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
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.

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Corp. Laws, SEBI & IBC

Shri Piyush Goyal unveils ‘Logistics Ease Across Different States (LEADS) 2024’ Report

January 4, 2025

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States must develop action plans for better logistics planning to attract investments: Shri Goyal

Shri Goyal advocates for Green Logistics initiative to drive sustainable growth

States must leverage public-private partnerships for success of multi-modal hubs: Shri Goyal

States along with the private sector must develop action plans for better logistics business to attract investments. There is a need to develop regional and city-level logistics plans as well for last-mile connectivity. This was stated by Union Minister of Commerce & Industry, Shri Piyush Goyal during the release of the “Logistics Ease Across Different States (LEADS) 2024” report today in New Delhi. He also presided over the felicitation function of the “Logistics Excellence, Advancement, and Performance Shield (LEAPS) 2024”.

He emphasised on implementation of measures to promote green logistics, workforce inclusivity and facilitation of Central Government projects. He noted that adoption of newer technologies like Artificial Intelligence, Machine Learning, Data Analytics is vital for achieving greater success in future. The Minister also laid emphasis on skill development to boost the logistics sector.

Minister Goyal also said that the country should engage on gender inclusivity and encourage greater participation of women in the sector and States must leverage public-private partnerships (PPPs) in the logistics sector for better success. He urged the States to look at multi-modal hubs for in-land container depots and make land available through the bidding mode to promote transparency and cutting down costs.

He urged the logistics sector to adopt LEAD framework – Longevity, Efficiency and Effectiveness, Accessibility and Accountability and Digitalisation of processes to transform the logistics sector and prepare India for a Viksit Bharat by 2047.

On this occasion, Shri Goyal highlighted the significance of LEADS in providing actionable insights to States and UTs to advance logistics reforms. He commended the collaborative efforts of all stakeholders in making logistics a critical enabler for India’s economic growth. “Logistics should look at exponential growth for India to grow rapidly, he said.

Minister of State for Commerce and Industry, Shri Jitin Prasada and Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Shri Amardeep Singh Bhatia, also graced the event.

In LEADS 2024, the report evaluates logistics performance across four key pillars: Logistics Infrastructure, Logistics Services, Operating and Regulatory Environment, and the newly introduced Sustainable Logistics. It further highlights initiatives undertaken by various States and UTs across these pillars and identifies State/UT-specific opportunities to enable informed decision-making.

Performance Highlights of LEADS 2024

  • Coastal Group
    • Achievers: Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu
    • Fast Movers: Andhra Pradesh, Goa
    • Aspirers: Kerala, West Bengal
  • Landlocked Group
    • Achievers: Haryana, Telangana, Uttar Pradesh, Uttarakhand
    • Fast Movers: Bihar, Himachal Pradesh, Madhya Pradesh, Punjab, Rajasthan
    • Aspirers: Chhattisgarh, Jharkhand
  • North-Eastern Group
    • Achievers: Assam, Arunachal Pradesh
    • Fast Movers: Meghalaya, Mizoram, Nagaland, Sikkim, Tripura
    • Aspirers: Manipur
  • Union Territories
    • Achievers: Chandigarh, Delhi
    • Fast Movers: Dadra and Nagar Haveli and Daman and Diu, Jammu and Kashmir, Lakshadweep, Puducherry
    • Aspirers: Andaman and Nicobar Islands, Ladakh

Shri Bhatia highlighted that the 6th edition of the LEADS report, launched today, brings enhanced objectivity to its outcomes, with a notable increase in the number of objective indicators. These include measures related to accessibility to terminals and the speed of key road corridors across various States/UTs, offering a detailed perspective on logistics performance.

In addition to the launch of the LEADS 2024 Report, the event also hosted the felicitation function for the Logistics Excellence, Advancement, and Performance Shield (LEAPS 2024) Awards. Shri Goyal recognized and felicitated exceptional contributions to the logistics sector with prestigious awards across various categories, including core logistics services, MSMEs, startups, and institutions.

LEAPS 2024 showcases leadership and innovation within the logistics sector, celebrating exceptional contributions through a transparent evaluation process backed by a comprehensive and rigorous assessment.

Winners of LEAPS 2024 Include:

  • Core Logistics:
    • Air Freight Service Provider: Kerry Indev Logistics Private Limited
    • Maritime Freight Service Provider: Visakha Container Terminal Pvt Ltd
    • Multimodal Transport Operators: Avana Logistek Limited
    • Rail Freight Service Provider: DP World Rail Logistics Private Limited
    • Road Freight Service Provider: CJ Darcl Logistics Ltd.
    • Warehouse Service Provider (Industrial and Consumables): APM Terminals India Private Limited
    • Warehouse Service Provider (Agriculture): Globus Warehousing and Trading Private Limited
  • Startups:
    • Logistics Operations: Myzek Logistics Pvt Ltd
    • Logistics Technology: Sarvodaya Infotech Pvt Ltd
  • MSMEs:
    • Logistics Service Provider: Shipwaves Online Limited
  • Institutions:
    • Education and Skill Development in the Logistics Sector: Indian Institute of Management, Mumbai
  • Special Categories:
    • Logistics service delivery for e-commerce operations: Delhivery Limited
    • Multimodal logistics service provider: Pushpak Logistics Solutions LLP

Shri Piyush Goyal also launched the PM GatiShakti Course of GatiShakti Vishwavidyalaya (GSV), a 15-hour course on “PM GatiShakti Concept for Efficient Infrastructure Planning and National Development”. The course will be hosted on the iGOT Karmayogi platform and UGC SWAYAM portal to ensure broad accessibility and will be integrated into the curriculum of Central Training Institutes (CTIs) and State Administrative Training Institutes (ATIs) across the country.

Further, Shri Piyush Goyal along Shri Jitin Prasada and Shri Amardeep Singh Bhatia officially unveiled the Report on Logistics Cost Framework prepared by NCAER, aiming at assessment of logistics cost in India. Guided by a dedicated task force comprising representatives from NITI Aayog, Central Transport Ministries (Rail, Road, Ports, etc), MoSPI, academia, and industry stakeholders, this framework introduces a hybrid methodology to accurately estimate logistics costs, integrating EXIM and domestic cargo data.

The above initiatives by DPIIT are crucial to strengthening India’s logistics ecosystem by fostering competitive federalism and recognizing innovation, as they pave the way for a more efficient, sustainable, and globally competitive logistics sector, contributing to India’s vision of becoming a $32 trillion economy by 2047.

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