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    Modi warns of weaponisation of resources, sea routes; urges energy self-reliance
    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
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    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
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August 15, 2026
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Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
August 14, 2026
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Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
August 14, 2026
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Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
August 14, 2026
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Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
August 14, 2026
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Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
August 14, 2026
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Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
August 14, 2026
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Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
August 14, 2026
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International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
August 14, 2026
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Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
August 14, 2026
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International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
August 14, 2026
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Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
August 13, 2026
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International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
August 13, 2026
Show AI Summary
Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
August 13, 2026
Show AI Summary
Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
August 13, 2026
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GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
August 13, 2026
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Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
August 13, 2026
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Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
August 13, 2026
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Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
August 13, 2026
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Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
August 13, 2026
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Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.

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Customs, DGFT & SEZ

Bharat Mobility Global Expo 2025 witnesses an overwhelming response

January 20, 2025

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Over 90 launches done on the first two days at Bharat Mandapam

The second day of Bharat Mobility Global Expo 2025 witnessed the launch of 56 new products from 22 different brands at Bharat Mandapam, Pragati Maidan, New Delhi and 5 launches at Yashobhoomi, Dwarka. Various advanced vehicles, cutting-edge mobility solutions, and the latest components were showcased ranging from super bikes, cars, to buses and even ambulances.

On the second day at Bharat Mandapam, VinFast Auto India announced the launch of its first two electric vehicles for the Indian market, the all-electric Premium SUVs, the VF 7 and VF 6.

BMW India launched the all-new MINI Cooper S John Cooper Works Pack at an ex-showroom price of Rs. 55,90,000 and BMW X3 at an ex-showroom price of Rs. 75,80,000 – Rs. 77,80,000. Additionally, BMW Motorrad India launched two new bikes in the Indian market, the new BMW S 1000 RR and the BMW R 1300 GS Adventure. The S 1000 RR super sport bike will be available in India at an introductory ex-showroom price starting from Rs. 21,10,000. While the R 1300 GS Adventure (Base) introductory ex-showroom price will start from Rs. 22,95,000.

JSW MG Motor India showcased 9 advanced models, launching MG Majestor. The showcased products include Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Battery Electric Vehicles (BEVs), and Internal Combustion Engine (ICE). Highlights included the IM5 sedan, IM6 electric SUV, MG HS PHEV, and MG7 Trophy Edition, showcasing cutting-edge technology and sustainable mobility​.

Eka Mobility showcased India’s largest ever range of electric commercial vehicles, which includes over 11 distinct platforms spanning electric buses, trucks, and small commercial vehicles (SCVs). Launching the brand new EKA- Connect for the Indian market. Their bus portfolio included EKA COACH, EKA 12M, EKA 9M, EKA LF (Low Floor), and EKA 9M. Electric Trucks include EKA 55T and EKA 7T, while EKA 3.5T, 2.5T, 1.5T, EKA 3W CARGO, EKA 6S, and EKA 3S were unveiled under their SCV Range.

BYD India launched BYD SEALION 7 Pure Performance eSUV at the Bharat Mobility Global Expo 2025. Additionally, BYD India also showcased the BYD SEALION 6, BYD Super Plug-in Hybrid EV with DM-i technology, and the stunning Yangwang U8.

JBM Electric Vehicles launched 4 all-new electric buses on the second day of the Auto Expo 2025, ranging from luxury coach, and medical mobile unit to electric tarmac coach, among others. Highlights of the launch were Galaxy; electric luxury coach, Xpress; an intercity bus, e-MediLife; Low Floor Electric Medical Mobile Unit, and e-SkyLife; 9-meter electric tarmac coach.

Montra Electric (TI Clean Mobility) launched ‘EVIATOR’ (e SCV) and Super Cargo (e 3-Wheeler) in the presence of the entire leadership team of the brand.

Hyundai Motor Company launched 2 concept models of advanced electric three-wheeler and micro four-wheeler on the second day. Along with exploring contributions to the last-mile mobility market in India together with TVS Motor Company Ltd. (TVS Motor).

Pinnacle Industries launched its next-generation ambulance range at the Bharat Mobility Global Expo 2025. The new range includes three cutting-edge ambulance models: AD-Gen Ultra, AD-Gen Ambulance, and Neonatal Ambulance.

Numeros Motors today launched its multipurpose and reliable e-scooter ‘Diplos Max’ at an introductory ex-showroom price (Bangalore) of Rs. 1,09,999, including the PM e-drive scheme. Alongside, the company unveiled another unique platform which will be India’s first Bike-Scooter Crossover.

India’s first solar electric car ‘Eva’ was launched today by Vayve Mobility, at an introductory price of Rs 3.25 lakh (ex-showroom). The solar electric car will be available in three different options: 9 kilowatt-hour (Whr), 12 kWhr and 18 k Whr with prices ranging between Rs 3.25 lakh (ex-showroom) and Rs 5.99 lakh (ex-showroom).

SML Isuzu launched the Hiroi.EV while presenting 4 other products including AASAI MX, Premium Hiroi Bus, ATS-125 Multi stretcher ambulance, and the Samrat XT Plus Tipper.

Cummins Group in India (“Cummins”) announced the launch of its next-generation HELM™ (Higher Efficiency, Lower emissions, Multiple fuels) engine platforms, with the high-performance L10 engine, along with, an advanced Hydrogen Fuel Delivery System (FDS) with Type IV on-vehicle storage vessels and the innovative B6.7N natural gas engine.

Godawari Electric Motors Pvt. Ltd. unveiled new additions to its product portfolio at the Bharat Mobility Global Show 2025. The company unveiled the Eblu Feo Z, Eblu Feo DX, and launched the Eblu Rozee ECO. The Eblu Rozee ECO is priced at INR 2,95,999/- (ex-showroom). To improve customer convenience, the company also announced the release of the EbluCare app. An innovative smartphone app called EbluCare has been designed to managing electric vehicles (EVs) easier.

Sarla Aviation unveiled its first-ever product and India’s first flying taxi- Shunya on the second day.

Motovolt Mobility unveiled a range of electric vehicles. The lineup includes the Hyper One, India’s first digital pedal motorbike, and the HUM NYC, a multi-utility speed pedelec tailored for demanding last-mile delivery needs. The versatile M7 and its sporty variant, M7 Rally, cater to both logistics and personal commuting, while the innovative CLIP, a portable e-bike conversion kit, enables seamless e-mobility for existing bicycles.

Olectra Green Tech Limited unveiled a 12-meter Blade Battery Platform, a 9-meter City Bus, 12-meter Coach Bus, and Blade Battery Chassis. These products are underpinned by cutting-edge technology and inclusive design.

Omega Seiki Pvt. Ltd. launched the M1KA 1.0 electric truck, priced at INR 6,99,000, at the Bharat Mobility 2025 exhibition. The company also unveiled the upcoming M1KA 3.0 model and presented the upgraded 2025 Stream City, a next-generation electric passenger vehicle.

On the first day of ‘The Components Show’, the exhibitors launched over 5 products and unveiled over 7 automotive solutions.

Amongst the launches, ICON Autocraft Private Limited introduced three cutting-edge automotive solutions: Truck Master, an advanced wheel alignment system for trucks and buses; SX 119 Pro Duo LNL, the ultimate tyre changer; and Advanced Driver Assistance Systems (ADAS) for cars.

Supreme launched advanced automotive audio products, including the: Morel Supremo Special Edition, a flagship speaker system featuring underhung voice coils and copper sleeves to reduce harmonic distortion, Morel New Active DSP Integration Solution, a compact amplifier that ensures seamless integration with OEM systems and Onkyo Range of Wiring Accessories for high-fidelity audio setups.

ASK Automotive showcased a range of cutting-edge products and technological advancements, including the launch of the AISIN ASK Product Range. AISIN ASK India Private Limited, a joint venture of ASK Automotive Limited, introduced innovative passenger car products for the Independent Aftermarket sector, marking ASK Automotive's debut in the 4-wheeler passenger car market across India, Nepal, Sri Lanka, and Bangladesh.

ZF announced the India launch of its next-generation digital fleet management platform, SCALAR which offers cutting-edge features to optimise the operations of commercial fleets, enhancing efficiency, safety, and sustainability for both passenger and cargo transport. They also showcased their X-by-Wire for the first time in India, enabling greater vehicle customization and enhanced safety features.

Bharat Mobility Global Expo 2025 is set to be a landmark event uniting the entire Indian automotive and mobility ecosystem under one roof. Scheduled from January 17th to 22nd, 2025, across three premier venues—Bharat Mandapam in New Delhi, Yashobhoomi in Dwarka, and India Expo Mart in Greater Noida. The inauguration at Bharat Mandapam, New Delhi, was done by Hon’ble PM Shri Narendra Modi. The expo is spanning over 200,000 square meters, featuring 1,500+ exhibitors and attracting over 500,000 visitors. Organized by EEPC in collaboration with leading industry associations such as SIAM, ACMA, ICEMA, ATMA, IESA, NASSCOM, ISA, MRAI, and CII, the event brings together key players from sectors including automotive manufacturing, e-mobility, construction equipment, battery technology, urban mobility, and software innovation, offering a comprehensive showcase of India's mobility value chain. Distinguished by its nine concurrent shows, 20+ conferences, and exclusive pavilions on sustainability, decarbonization, and technology, Bharat Mobility highlights cutting-edge advancements while fostering collaborations. Visitors can register free of charge through dedicated mobile apps, making the event a must-attend for industry professionals and enthusiasts alike.

EEPC India, established in 1955, is the premier trade and investment promotion organization for the Indian engineering sector, sponsored by the Ministry of Commerce & Industry, Government of India. Over its 69-year history, EEPC has played a pivotal role in driving India’s engineering exports, growing from a modest $10 million in 1955 to USD 109.32 billion in FY 2023-24. It is recognized as a model Export Promotion Council (EPC) by the Union Ministry of Commerce and Industry. With a membership base of approximately 9,500, predominantly MSMEs, EEPC India facilitates global business integration through activities like Buyer-Seller Meets (BSMs), Reverse BSMs, and participation in international exhibitions. Flagship events such as the International Engineering Sourcing Show (IESS) and the Indian Engineering Exhibition (INDEE) showcase India’s engineering capabilities globally. Committed to advancing industry standards, EEPC India supports technology upgrades, engages with policymakers, and provides insights through reports and studies, including the Export Strategy Paper 2023, outlining a roadmap to achieve USD 300 billion in engineering exports by 2030.

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