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    India weathered Hormuz disruption without fuel shortages: Puri
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August 7, 2026
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Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
August 7, 2026
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Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
August 7, 2026
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Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
August 7, 2026
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BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
August 7, 2026
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Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
August 7, 2026
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Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
August 7, 2026
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Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
August 7, 2026
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Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
August 7, 2026
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Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
August 7, 2026
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Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
August 7, 2026
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Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
August 7, 2026
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Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
August 7, 2026
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Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
August 7, 2026
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Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
August 7, 2026
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BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
August 7, 2026
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Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
August 6, 2026
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Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
August 6, 2026
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Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
August 6, 2026
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Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
August 6, 2026
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Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.

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Customs, DGFT & SEZ

Union Minister of Commerce & Industry Shri Piyush Goyal launches 8th edition of National Programme for Organic Production

January 10, 2025

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India’s organic exports to reach Rs 20,000 crore in the next three years: Shri Piyush Goyal

Organic farming a sustainable farming solution to combat water scarcity, excessive use of pesticides: Shri Goyal 

TraceNet 2.0, APEDA, NPOP, Organic Promotion and AgriXchange portals unveiled

India’s total export value of organic farming has the potential to reach Rs 20,000 crore in the next three years. This was stated by Union Minister of Commerce & Industry, Shri Piyush Goyal today during his address at the launch of 8th edition of National Programme for Organic Production (NPOP)  at the Bharat Ratna C. Subramaniam Auditorium (NASC Complex), Pusa in New Delhi.

Shri Piyush Goyal along with Minister of State for Commerce & Industry, Shri Jitin Prasada, Minister of State for Cooperation, Shri Murlidhar Mohol, Minister of State for Cooperation, Shri Krishan Pal Gurjar, Secretary, Ministry of Cooperation, Dr. Ashish Kumar Bhutani and senior government officials unveiled a dedicated NPOP portal as well as Organic Promotion Portal which will provide more visibility and ease of operations for Organic stakeholders.

They also unveiled TraceNet 2.0 the upgraded online traceability system for seamless operations and enhanced tools for regulatory oversight. The redesigned APEDA portal was also showcased with enhanced user experience and information for the benefit of Agri and Processed food products’ stakeholders. The redesigned AgriXchange portal was also launched, it will enable more user-friendly data analysis and generation of reports & data of Agricultural exports making it accessible for the general public.

During the event, the Minister also distributed the first five registration certificates generated on TraceNet 2.0 to Organic operators.

Shri Goyal during his address said that Prime Minister Shri Narendra Modi underlined the importance of organic farming in his first Parliament speech. He also mentioned that the PM during his speech on 78th Independence Day noted the growing importance of organic farming across the world and its far reaching benefits on individual health and restoring soil nutrients.

The Minister also said that Union Minister of Home Affairs and Cooperation, Shri Amit Shah has made huge contributions in simplifying and reducing application costs for the electronic service portal TraceNet 2.0. Shri Goyal further said that Shri Shah also noted the growing community of organic farmers through Farmer Producer Organisations (FPOs) and Cooperatives in the country.

Organic farming as a form of sustainable farming practice will help combat water scarcity and overapplication of fertilisers and pesticides harming soil quality and crop yields in the country, the Minister noted. Highlighting the farmers’ efforts in ensuring food security, Shri Goyal said that there is a significant push from the Government to promote organic farming.

Organic farming has become a priority for the nation and will be regarded as a valuable way of farming across the world. Farmers adopting organic farming have seen an increase in yields and income, he said.  The Minister said that organic farming plays a crucial role in Indian agriculture. He noted that the Government will benefit from increased exports of organic products to the world.

The Minister also said that there is a need to put emphasis on packaging and marketing of the organic products for the farmers to receive the right price for their produce. He also pointed out that this value chain will also help generate employment and the nation will gain popularity across the world. Shri Goyal praised the efforts of Amul, National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) and National Co-operative Organics Limited (NCOL) for contributing to the growth of the organic sector. He also said the cooperative sector, farming sector and the trade sector will assist the organic sector to grow in the future.

There is a need to focus on market expansion and raise quality standards of the products. Capacity building for the farmers and research on utilising modern techniques for higher yields is also necessary. Higher yields will lead to higher availability of products which will help spur buying decisions of consumers, Minister Goyal said. 

The 8th edition of the National Programme for Organic Production (NPOP) introduces key amendments aimed at promoting ease of operations and enhancing transparency for stakeholders, including farmers. Certification requirements for organic grower groups have been simplified, and these groups are now granted legal status in place of the Internal Control System (ICS). The revised derogation provisions allow for a potential reduction of up to three years in the land conversion period to organic, subject to conditions and safeguards. The ICS of organic grower groups must ensure the procurement of the entire organic produce or establish market linkages to support farmers. Transparency is enhanced through the disclosure of information about organic farmers and other relevant details in the public domain, bolstering system credibility. Additionally, oversight mechanisms have been strengthened with the integration of IT tools and the web-based traceability system, Tracenet, for monitoring, surveillance, and data analytics.

Details of portals unveiled during the event:

  • NPOP portal: The dedicated portal for the National Programme for Organic Production(NPOP) will provide more visibility and ease of operations for Organic stakeholdeRs.
  • Organic Promotion Portal: Farmers, FPOs and exporters can showcase their certified organic products, generate Trade Leads and connect with global buyers. This will also include online Training and capacity building sessions for operators on Organic production and also information on Organic Trade events.
  • TraceNet 2.0:  The upgraded online Organic traceability system for seamless operations and enhanced tools for regulatory oversight. It will ensure transparency, traceability, and compliance for organic agricultural and processed food products from farm to market. By integrating technology with agriculture, TraceNet empowers stakeholders to streamline operations and meet global organic certification standards.
  • APEDA portal: Redesigned and revamped APEDA portal with enhanced user experience and information for the benefit of Agri and Processed food products’ stakeholders.
  • AgriXchange portal: Redesigned and revamped AgriXchange portal enables more user-friendly data analysis and generation of reports & data of Agricultural exports making it accessible for the general public. Exporters can seamlessly connect with international buyers and sellers as well as explore comprehensive trade insights at their fingertips.

The National Programme for Organic Production (NPOP) is a key government programme that strengthens India's organic certification system, promoting sustainable farming practices and opening new opportunities for farmers and exporters. By setting high standards for organic products, NPOP enhances India’s competitiveness in the global organic market, while helping farmers adopt eco-friendly and economically viable practices.

With the launch of the 8th Edition of the NPOP, India is poised to strengthen its position as a leading global exporter of organic products, empowering stakeholders across the organic value chain. The new regulations underscore the government’s ongoing commitment to sustainable agriculture, farmer welfare and food security.

The occasion saw wide participation from government officials from both the Centre and State, embassy officials and representatives from major trading partners like USA, EU, Australia, South Korea, Japan, Taiwan, New Zealand, and UAE, industry leaders from international organizations like the FAO, IFOAM and FiBL, Farmer Producer Organisations (FPOs)/ Farmer Producer Companies (FPCs) and over 1000 farmers from the states of Haryana, Punjab, Uttarakhand, Himachal Pradesh, Uttar Pradesh, Mizoram, Manipur, Sikkim and Rajasthan.

Renowned companies from the Indian Organic Industry such as Organic India, Nature Bio Foods, Nature Pearls, Shresta, Jeev Amrit, Plantrich, PDS Spices, Amul and government Ministries and Departments like NAFED and NCOL respectively also showcased their products in the 11 stalls that were put up by APEDA.

The Agricultural and Processed Food Products Export Development Authority (APEDA) is the apex body under the Ministry of Commerce & Industry responsible for promoting the export of agricultural and processed food products. APEDA plays a crucial role in fostering the growth of India’s organic export sector.

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