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    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
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September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.
September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
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GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.
September 2, 2026
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NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.
September 2, 2026
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RTI access to maintained records does not require creation of Aadhaar date-of-birth update data on demand.
UIDAI did not maintain separate Aadhaar data on date-of-birth updates in Bihar following the announced social security pension enhancement, including month-wise or district-wise compilations. No internal review or flagging of unusual update patterns was available or applicable in its records. The Central Information Commission clarified that the RTI framework does not require a public authority to create, compile or generate information that it does not maintain in the form requested. The initial CPIO response treating the information as outside the RTI Act was considered inappropriate.
September 2, 2026
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Transgender arrest and detention safeguards prompt calls for a standard operating procedure and clearer procedural protections.
Legal and regulatory issues include safeguards for arrest and detention of transgender persons, consultation requirements in Bar Council policy-making, and procedural accountability in electoral administration and policing. Personal insolvency proceedings raise questions about tribunal powers to constitute an expanded bench. Hospitality operators are expected to comply strictly with food-safety and hygiene norms. Proposed restrictions on minors' social-media accounts address cyberbullying, online exploitation, and harmful screen exposure.

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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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