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    India'€™s forex kitty jumps USD 964 mn to USD 675.15 bn
    Rupee rises 14 paise to close at 96.28 against US dollar
    Office of Economic Adviser to Release Revised Index of Core Industries Series with Base Year 2022–23
    Fourth Edition of IICA’s National Conference on Responsible Business Conduct (NCRBC) 2026 held in New Delhi
    Reliance promoters raise stake by 0.5 pc through Rs 8,500-9,000 cr worth of share purchases
    US Senate bill seeks 100% tariffs on India, 4 other nations for buying Russian oil
    NRIs can bring USD 70-80 bn into India through FCNR deposits: expert
    NetAcct Solutions Launches Entries ERP Powered by the Entries AI Platform
    Union Minister of Commerce and Industry, Shri Piyush Goyal Leads High-Level Delegation to Finland to Strengthen Trade and Investment Ties
    India Achieves Major Milestone at Codex Commission with Adoption of Three Global Standards for Spices
    Centre for Trade and Investment Law launches guidebook to help Indian MSMEs expand into global markets
    Brazil calls Trump's 25 pc tariff unjustifiable, vows to impose reciprocal tariffs
    Trump administration races clock to rebuild US tariff wall knocked down by SC
    JK marks maiden export of premium cherries, plums to Singapore
    Chhattisgarh govt departments owe Rs 3,117 crore in power bills, assembly told
    Rupee weakens 17 paise to settle at 96.42 against US dollar; loses 1.5 pc in four sessions
    India-UK CETA takes effect: First zero-duty Indian coffee, jewellery consignments reach UK shores
    Govt to replace Ordinance by introducing Income-tax (Amendment) Bill in Monsoon session
    Foreign assets, income details for 2022-24 now available under AIS on income tax portal
    L-G Manoj Sinha reviews donation management systems at J-K's Vaishno Devi shrine
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    July 17, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold, Special Drawing Rights and IMF reserve position increased.
    Foreign exchange reserves increased during the reporting week, principally because foreign currency assets rose. Reserve components include foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. Foreign currency assets, expressed in dollar terms, reflect valuation effects arising from movements in non-US currencies held in the reserves. Gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund also increased.
    July 17, 2026
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    Rupee exchange-rate movement stabilised after possible central bank intervention, while oil prices and foreign fund flows sustained pressure.
    The rupee strengthened against the US dollar following four declining sessions, reportedly amid possible Reserve Bank of India intervention. Elevated West Asia tensions, higher crude-oil prices and cautious foreign fund flows continued to weigh on the currency, despite consolidation in the absence of major domestic triggers. Market participants were expected to monitor global developments, crude-oil movements and foreign institutional investor activity for the next directional move.
    July 17, 2026
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    Revised Index of Core Industries adopts a new base year, adds Iron Ore, and aligns production measurement methodology.
    The revised Index of Core Industries adopts 2022-23 as its base year and replaces the 2011-12 series. Its weights are derived from the 2022-23 Index of Industrial Production and redistributed pro rata to total 100. Iron Ore is added as a core industry, expanding the basket to nine industries. The Steel Index will use gross production data for consistency with the Index of Industrial Production. In the Coal sector, only Raw Coal is retained; Coal Middlings and Washed Coal are excluded to prevent double counting.
    July 17, 2026
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    Sustainability reporting discipline requires credible disclosures, board-level integration, data assurance and proportionate ESG implementation across business value chains.
    ESG-led responsible business conduct requires sustainability disclosures that are relevant, comparable, evidence-based and verifiable, supported by reliable systems, internal controls, documentation, traceability and independent examination. Sustainability should be integrated into board-level decision-making, fiduciary responsibilities, risk management and long-term enterprise value. Stronger governance, accountability and data-assurance frameworks are needed to address greenwashing, with proportionate reporting, technology and capacity-building supporting implementation across value chains and MSMEs.
    July 17, 2026
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    Promoter shareholding increase through market purchases remains within creeping acquisition limits and signals confidence in long-term growth prospects.
    Promoter and promoter-group shareholding in Reliance Industries Ltd increased by nearly 0.5 percentage points through market purchases during the June quarter. The purchases were reported to be within SEBI creeping acquisition limits, allowing gradual promoter acquisitions without triggering a mandatory open offer where prescribed thresholds are met. The increase may strengthen promoter control and marginally reduce public float, and was characterised as reflecting confidence in long-term growth, earnings trajectory and capital-allocation plans.
    July 17, 2026
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    Tariffs on Russian oil purchasers would target sanctions evasion, with reassessment mechanisms and limited energy-sector exemptions proposed.
    Proposed United States Senate legislation would impose mandatory tariffs on imports from leading purchasers of Russian oil or gas and leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustments, while exempting qualifying countries reducing Russian gas imports. Russian uranium purchases for specified nuclear and medical needs, and certain nuclear and space cooperation activities, would be excluded.
    July 17, 2026
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    Foreign currency non-resident deposits enable overseas Indians to invest foreign earnings while supporting India's foreign-exchange reserves.
    Foreign Currency Non-Resident deposits allow Non-Resident Indians and Persons of Indian Origin to maintain overseas earnings as foreign-currency fixed deposits with Indian banks without conversion into Indian rupees. Banks may offer enhanced interest rates for a limited period under an initiative intended to strengthen foreign-exchange reserves and support the rupee. The framework covers the investment process, regulatory requirements, taxation aspects and advantages for eligible overseas investors.
    July 17, 2026
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    GST compliance management integrates reconciliation, input tax credit support, invoicing and statutory monitoring within an AI-powered enterprise platform.
    The unified cloud platform combines accounting, manufacturing, inventory, procurement, human resources, payroll, compliance, reporting and document management with an embedded AI agent. Its compliance functions include GST validation, purchase-register reconciliation with GSTR-2B, input tax credit support, supplier filing-gap detection, e-invoicing, e-way bills, TDS and statutory due-date tracking. Financial and operational workflows are intended to use common real-time data, with automation for invoices, journal entries, reconciliations, reporting, workflow approvals and compliance-risk monitoring.
    July 17, 2026
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    Institutional trade cooperation expands through industry MoUs, supporting investment, innovation and technology partnerships across strategic economic sectors.
    Bilateral trade and investment cooperation was advanced through ministerial discussions and industry engagements concerning financial markets, innovation, enterprise financing and commercial relations. Two institutional Memoranda of Understanding established mechanisms for industry collaboration and greater business engagement. Sector-specific interactions covered digital and frontier technologies, space, clean energy, bioeconomy, circular economy, infrastructure and advanced manufacturing, focusing on collaboration, investment and technology partnerships.
    July 17, 2026
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    Codex spice standards harmonise quality benchmarks for cardamom, coriander and vanilla, supporting trade consistency, market access and export competitiveness.
    Codex standards for large cardamom, coriander and vanilla establish harmonised international quality benchmarks following review by relevant committees on analytical methods, food additives and food labelling. The standards are intended to promote consistent quality requirements, facilitate trade, improve market access and support export competitiveness. India was also accepted as Co-Chair of an Electronic Working Group developing policy guidance on risk analysis for new food products.
    July 17, 2026
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    Export readiness for MSMEs strengthens global market access through trade intelligence, standards compliance, preferential origin rules and trade remedy awareness.
    Export readiness for Indian MSMEs is supported through practical guidance on identifying export opportunities, market-access requirements, trade intelligence tools, international standards, sustainability requirements and buyer identification. International expansion strategies include using preferential Rules of Origin and cooperation mechanisms under Free Trade Agreements, selecting export destinations, product positioning, diversification and value addition. Trade remedy awareness and guidance on unfair trade practices and import surges, together with institutional support, partnerships and trade-exhibition participation, can strengthen global competitiveness and integration into global value chains.
    July 16, 2026
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    Reciprocal tariff measures and multilateral dispute settlement are pursued in response to contested import duties.
    Reciprocal tariff measures are proposed in response to a new tariff on specified Brazilian imports allegedly involving unfair trade practices. Brazil rejects those allegations and proposes to use its reciprocity-law mechanisms, including reciprocal tariffs and other trade-related countermeasures, while pursuing multilateral dispute settlement. It maintains that trade investigations must conform to multilateral international-trade rules and notes that the tariff may burden exports and increase commercial uncertainty.
    July 16, 2026
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    Section 301 tariff authority offers a procedurally constrained route to replace temporary global import tariffs after emergency powers failed.
    Import-tariff authority is shifting from emergency-based measures to temporary and investigatory powers under the Trade Act of 1974. Section 122 supports a global tariff measure only for a limited period, whereas Section 301 permits tariffs or trade sanctions for unjustifiable, unreasonable, or discriminatory foreign trade practices after required public-comment and hearing procedures. Current Section 301 investigations concern forced-labour imports and alleged overproduction by trading partners. A more rule-bound tariff framework may reduce, but not eliminate, commercial uncertainty, and broad use of Section 301 for near-universal tariffs may face legal challenge.
    July 16, 2026
    Show AI Summary
    International food-safety and phytosanitary compliance supports premium cherry and plum exports from Jammu and Kashmir to Singapore.
    Export of premium cherries and plums from Jammu and Kashmir to Singapore was facilitated to expand overseas market access for temperate fruits. The produce underwent scientific cultivation, optimum-maturity harvesting, grading, sorting, packing and cold-chain handling in compliance with international food-safety and phytosanitary standards. The initiative highlights quality enhancement, market development, logistics, export-oriented production and improved post-harvest management for horticultural exports.
    July 16, 2026
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    Electricity bill recovery and prepaid departmental billing are presented alongside independent tariff regulation and rooftop solar promotion.
    Electricity-payment arrears were reported against government departments and non-government consumers. Tariffs are determined independently by the State Electricity Regulatory Commission on factors including power-purchase costs, regulatory assets, the distribution company's financial position and public hearings. Recovery from non-government consumers is undertaken under the Electricity Supply Code, while a pre-paid billing system is being implemented for government departments to improve payment compliance. Rooftop solar installations are also being promoted to reduce household electricity bills.
    July 16, 2026
    Show AI Summary
    Rupee depreciation pressures intensify as elevated crude prices, foreign capital outflows and geopolitical tensions weigh on exchange markets.
    The rupee weakened for a fourth consecutive session amid elevated crude oil prices, a stronger dollar index and foreign capital outflows, with rising oil import costs adding to balance-of-payments pressures. Reserve Bank of India data showed an overall balance-of-payments deficit during the first two months of the fiscal year, although the current account recorded a surplus for April-May 2026. Geopolitical tensions and Strait of Hormuz risks were cited as supporting high crude prices, while possible Reserve Bank intervention could support the rupee.
    July 16, 2026
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    Zero-duty India-UK trade under CETA begins with jewellery and coffee consignments, supported by exporter compliance guidance.
    India-UK CETA introduced a low- or zero-tariff regime covering about 99 per cent of tariff lines for Indian exports to the United Kingdom. Initial zero-duty jewellery and coffee consignments reached the UK under the agreement. CETA is intended to improve market competitiveness, strengthen supply chains and support businesses, exporters, importers and investors. A dedicated facilitation forum and a guide to UK import standards and regulatory requirements support Indian exporters, particularly small and medium enterprises, in navigating the post-CETA trading regime.
    July 16, 2026
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    Foreign investor tax exemptions on government securities are proposed to continue, supporting sovereign debt market liquidity and capital inflows.
    Income-tax exemption for foreign investors in government securities is proposed to continue through the Income-tax (Amendment) Bill, 2026, replacing the corresponding ordinance. The ordinance exempted interest income and capital gains from the sale, exchange or transfer of government securities by foreign investors, effective from 1 April. The measure seeks to attract foreign capital, deepen the sovereign debt market and improve liquidity amid global economic volatility. The legislative agenda also includes MSME reforms concerning delayed-payment redressal, enforcement of arbitral awards and State flexibility in constituting facilitation councils.
    July 16, 2026
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    Foreign asset reporting requires complete Schedule FA and Schedule FSI disclosures despite limited information displayed in the Annual Information Statement.
    Annual Information Statement records for eligible taxpayers include foreign assets and foreign-source income information received through the Automatic Exchange of Information framework. The information is intended to facilitate accurate tax compliance and is not a scrutiny or investigation mechanism. As the displayed data is limited to information received from partner jurisdictions and is not exhaustive, taxpayers must correctly and completely disclose all foreign assets and foreign-source income in Schedule FA and Schedule FSI, whether or not such information appears in the Annual Information Statement.
    July 16, 2026
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    Donation management safeguards require transparent accounting, secure precious-metal handling, audits and adherence to prescribed banking and statutory norms.
    Donation-management governance at the Vaishno Devi shrine was reviewed with emphasis on transparency, accountability and compliance with standard operating procedures. The review covered collection, counting, accounting, custody and utilisation of offerings, supported by verification procedures, surveillance, banking safeguards and periodic audits. Security protocols also govern the handling, storage, transportation, processing and refining of precious-metal offerings. The review took place amid a pending complaint alleging irregularities in silver offerings, with complete records sought regarding action taken.

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      Startup Policy Forum (SPF) Launches ‘Startup Baithak’ and ‘Startup Baatcheet’ To Celebrate National Startup Day 2025 With DPIIT and Startup India

      January 15, 2025

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      Delhi, India – Business Wire India • Startup Baithak and Startup Baatcheet, two flagship initiatives by SPF with the support of Startup India and DPIIT aim to bring together 100+ startup founders, startup leaders, government officials, and regulators under one roof.

      • Startup Baithak will feature 12 exclusive policy roundtables discussing key policy issues including Data Privacy, Reverse Flipping, AI Governance, Capital Market Regulations, and Fintech Regulations at the iconic G20 Summit Room - Bharat Mandapam, New Delhi.

      • Startup Baatcheet will bring together founders, investors, and policymakers for an informal evening to discuss the startup outlook for 2025.

      Startup Policy Forum (SPF), with the support of Department for Promotion of Industry and Internal Trade (DPIIT) and Startup India, are launching flagship initiatives - Startup Baithak & Startup Baatcheet, to commemorate National Startup Day 2025. The two-day event to be held at Bharat Mandapam is designed to spotlight the vibrancy and transformative potential of India’s startup ecosystem while discussing key policy issues including Data Privacy, Reverse Flipping, AI Governance, Capital Market, and Fintech Regulations.

      The event scheduled for January 15-16, 2025, aims to foster collaboration among stakeholders and shape the future trajectory of India’s innovation landscape. The Startup Baithak is a series of 12 exclusive, closed-door roundtables held over two days and will witness participation from startups including Swiggy, Zerodha, Razorpay, CRED, Pine Labs, Groww, OYO, Practo, Dream11, MPL, CarDekho, Acko, Ixigo, MobiKwik, One Card, ProgCap, Digantara, BharatPe, Physics Wallah and Jupiter, amongst others. These interactive sessions aim to bridge the vision of India’s next-generation nation builders with the mission of policymakers and regulators. Hosted at the iconic G20 Summit Room in Bharat Mandapam, the discussions will tackle pressing challenges, explore innovative solutions, and align strategies to propel the country’s startup ecosystem forward.

      Speaking on the occasion, Sh. Sanjiv, Joint Secretary, Startup India-DPIIT, shared, "India’s startup ecosystem is a driving force of innovation and economic growth, and the National Startup Day serves as a testament to the entrepreneurial spirit shaping our nation’s future. Through initiatives such as ‘Startup Baithak’ and ‘Startup Baatcheet,’ the hope is to enable meaningful dialogue between startups, policymakers, and investors, in order to ideate on solutions for today’s challenges. We appreciate the creation of this platform that aims to empower startups to thrive, scale globally, and contribute to India’s position as a global innovation hub." Shweta Rajpal Kohli, President and CEO, Startup Policy Forum (SPF) shared, “India’s startup ecosystem is not just thriving—it’s leading the charge in redefining global innovation. With Startup Baithak and Startup Baatcheet, we’re not just marking National Startup Day—we’re shaping the dialogue and vision for India’s startup ecosystem in 2025 and beyond. As we celebrate National Startup Day, we aim to inspire, connect, and empower the next generation of changemakers to make a lasting impact, furthering the vision of Hon’ble Prime Minister for the Indian Startup ecosystem.” Key leaders and themes during Baithak, include the following: 1. Amitabh Kant, G20 Sherpa: Empowering Bharat: Taking Indian Startups Global.

      2. Dr. Shamika Ravi, (Member, EAC-PM Economic Advisory Council to the Prime Minister): India’s New-Age Economic Priorities.

      3. S. Krishnan, Secretary, MEITY (Ministry of Electronics and Information Technology): Adoption of Technology & Innovations for Economic Transformation 4. Abhishek Singh, CEO, India AI Mission: The Role of Startups in India’s AI Mission.

      5. Sanjiv Singh- Joint Secretary DPIIT (Department for Promotion of Industry and Internal Trade): Shaping Policies to Support Startups 6. Mahaveer Singhvi, Joint Secretary, NEST Division, Ministry of External Affairs: Tech Diplomacy & Tech Governance to Reshape India’s Digital Economy.

      7. Anita Shah Akela, Joint Secretary, Corporate Affairs & IEPF (Investor Education and Protection Fund Authority): The Role of Startups in Investor Protection & Financial Literacy.

      8. Rajesh Bansal, CEO, RBIH (Reserve Bank Innovation Hub): Building a Resilient Financial Ecosystem through Collaboration & Innovation.

      9. Panneerselvam Madanagopal, CEO, MEITY Startup Hub: India’s Emergence as a Global Tech & Innovation Hub.

      10. Harsha Bhowmik, Director - Digital Economy and Fintech: India leading in Fintech Revolution 11. Dr. Dipesh Shah and Mr. Joseph Joshy, GIFT City: Internationalizing Indian Startups: Opportunities Through GIFT City.

      An Evening of Networking: Startup Baatcheet On the sidelines of Baithak, SPF will also host Startup Baatcheet—an informal networking evening on January 15, 2025. This will bring together founders, investors, startup ecosystem enablers, policymakers, and lawmakers for an informal evening to capture the startup outlook for 2025 and strengthen ties across the entrepreneurial ecosystem.

      About Startup Policy Forum Startup Policy Forum (SPF) is an industry alliance for India's new-age companies. SPF’s members include many of India’s most successful and valuable startups including Razorpay, CRED, Groww, Zerodha, Pine Labs, OYO, Acko, Swiggy, Dream11, Mobile Premier League (MPL), Livspace, Cars24, Cardekho, Mobikwik among others.

      SPF’s mission is to be a trusted partner to founders and policymakers. It engages in policy advocacy for new-age companies, promotes the Indian startup ecosystem on a global stage and brings together a curated community of leading startups and founders. The Forum provides a platform for networking, community engagement, and consensus building, enabling startups across diverse sectors to scale both domestically and overseas.

      to the needs of India’s new-age companies.

      About DPIIT The Department for Promotion of Industry and Internal Trade (DPIIT) is the nodal agency of the Ministry of Commerce and Industry. DPIIT is tasked with the development and execution of policies and strategies aimed at fostering the growth of the industrial sector. Its responsibilities are aligned with the nation's overarching priorities and socio-economic goals, ensuring that the industrial advancement it promotes is both sustainable and inclusive. Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.

      To View the Image, Click on the Link Below: Startup Policy Forum (SPF) Launches ‘Startup Baithak’ and ‘Startup Baatcheet’ To Celebrate National Startup Day 2025 With DPIIT and Startup India (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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