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    Rupee falls 17 paise to 95.59 against US dollar in early trade
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    August 17, 2026
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    FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
    The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
    August 16, 2026
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    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
    Show AI Summary
    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
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    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    August 15, 2026
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    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
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    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
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    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
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    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
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    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
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    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Every sacred tenet of Constitution being shredded into pieces by authoritarian regime: Kharge

      January 26, 2025

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      New Delhi, Jan 26 (PTI) In a scathing attack on the BJP-led Centre, Congress president Mallikarjun Kharge alleged on Sunday that a hateful agenda, immersed in religious fundamentalism, has sought to divide the society over the last 10 years and every sacred tenet of the Constitution is being "shredded into pieces by an authoritarian regime".

      He claimed that the ruling Bharatiya Janata Party (BJP) practises pseudo-nationalism by making disadvantaged youngsters carry the flag of "nationalism" and "religious supremacy", but does nothing to get them employment.

      In his message to the nation on the 76th Republic Day, Kharge said it is high time that people preserved and protected the ideas and ideals of the Constitution -- justice, liberty, equality and fraternity.

      "We uphold the values espoused by our founders. Be ready to make every sacrifice to protect the Constitution. This will be the true tribute to our ancestors," Kharge said.

      He said it is also time to reflect upon how the country is witnessing constant attacks on the Constitution.

      The ruling party has unleashed a continuous degradation of India's institutions, built carefully over decades, the Congress chief alleged.

      "Political interference in autonomous institutions has become a norm. Exercising control over their independence is being seen as a virtue of power. Federalism is being trampled on a daily basis and the rights of Opposition-governed states are being curtailed," he further claimed.

      "The functioning of Parliament has seen tremendous backsliding due to the tyrannical tendency of the ruling government," Kharge alleged.

      The Congress leader also claimed that universities and self-governing institutions are witnessing constant intrusion.

      A large part of the media has been converted as a propaganda tool for the ruling party, he said.

      "Strangulating dissent by witch-hunting Opposition leaders has become the only policy of those in power. In the past decade, a vicious, hateful agenda immersed in religious fundamentalism has sought to divide our society," Kharge alleged.

      He further claimed that minorities are being targeted and those who are secular are being tarnished with the paint of "Goebbelsian propaganda".

      The weaker sections -- Scheduled Castes (SCs), Scheduled Tribes (STs), Other Backward Classes (OBC), the poor and minorities -- are being treated as second-class citizens, he said.

      "Atrocities and unheard-of violence against them have become a regular occurrence. Manipur has been burning for 21 months, but there is no accountability at the topmost echelons of power," Kharge said.

      He also said economic inequality has widened to frightening proportions.

      "Crony billionaire friends are being handed over the country's precious resources. Any scandal that comes to fore is sought to be crushed by the hammer of labelling the whistleblowers as 'anti-national'," he said.

      "The ruling party practises pseudo-nationalism, for they make our disadvantaged youth carry the flag of 'nationalism' and 'religious supremacy' but does nothing to get them employment," Kharge said.

      He said the country is witnessing an era of economic turmoil, adding that taxes have guzzled every single paisa of the hard-earned money of the poor and middle class.

      "The living standards of our populace have hardly increased because flawed economic policies have perished their savings. Those handful of elites who can afford a brighter future are leaving India's citizenship," Kharge said.

      When the failures of the Union government are pointed out, it either indulges in whataboutery or in diversionary tactics, often invoking the past, but never the present, the Congress president said.

      "There is an inherent tendency to impose 'One Nation, One Party' on 140 crore different people, who believe in 'Unity in Diversity'," he said.

      "Every sacred tenet of the Constitution is being shredded into pieces by an authoritarian regime. Therefore, my dear fellow citizens, it is high time we preserve and protect the ideas and ideals of our Constitution -- justice, liberty, equality and fraternity," Kharge said.

      "We uphold the values espoused by our founders. Be ready to make every sacrifice to protect the Constitution. This will be the true tribute to our ancestors. Once again, I wish you a very happy Republic Day. Jai Bapu, Jai Bheem, Jai Samvidhaan," he said in his message to the people of the country.

      "This year, we completed 75 years of adopting the conscience keeper and soul of the Indian Republic - the Constitution of India. We bow in reverence to Mahatma Gandhi, Pandit Jawaharlal Nehru, Sardar Patel, Babasaheb Dr B R Ambedkar, Netaji Subhas Chandra Bose, Dr Rajendra Prasad, Maulana Azad, Sarojini Naidu and many others who tirelessly contributed to the shaping of our great republic," Kharge said.

      "We venerate each and every member of the Constituent Assembly who with their wisdom and ingenuity created a remarkable document which represents the will of our diverse people," he added.

      Kharge also paid tributes to every soldier of the armed forces, paramilitary forces and the security establishment who have made exemplary sacrifices in upholding the integrity and sovereignty of the country.

      "We are also thankful to our scientists and teachers whose contributions to nation building are unparalleled and who have ensured that our nation is a knowledge and technical powerhouse today," he said.

      "We are also indebted to our Annadata -- our hardworking farmers who have put food on our table. We express our gratitude to crores of daily wage workers, labourers, shramiks, gig workers, for they are the hands that are building India -- brick by brick," the Congress chief said.

      Kharge also expressed gratitude to the artistes, writers and sports personalities who have contributed to protecting and building the vibrant cultural diversity of India. PTI ASK RC

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