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    Colombian president asks Trump to suspend tariffs to help earthquake recovery
    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
    Europe emerges top destination for India's electric car shipments in Q1
    Govt sets LPG production targets for refiners; Reliance gets largest quota
    PM urges MSMEs to tap opportunities from FTAs
    PM urges farmers to adopt 'chemical-free farming' to tap rising global demand for such food items
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    Need one or two Indian pharma firms to be among global top 5: PM Modi
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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
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    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
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    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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    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Who are Palestinian prisoners released in exchange for Israeli hostages?

      February 1, 2025

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      Ramallah (West Bank), Feb 1 (AP) Israel on Saturday released a total of 183 Palestinian prisoners in exchange for three Israeli hostages held in Gaza as the ceasefire agreement between Israel and Hamas continued to gain traction after nearly two weeks.

      In a sign of progress, Saturday's release included for the first time some of the 1,000 detainees from Gaza that Israel has agreed to free during Phase 1 of the deal on condition that they did not participate in Hamas' October 7, 2023, attack that triggered the Israel-Hamas war.

      Detained in Gaza on suspicion of militancy, the 111 Palestinians released Saturday have been held without trial since the day after the October 7 attack.

      The remaining 72 Palestinians, all arrested from either the West Bank or Gaza before the war, served long sentences or life sentences for deadly attacks against Israelis. They are all men, ranging in age from 30 to 66.

      The release of Palestinians from Gaza draws attention to Israel's mass roundups of men in the enclave during the past 15 months of its military campaign against Hamas. Many were taken to Israel.

      Images of Israeli forces rounding up Palestinians in Gaza — showing men stripped to their underwear, sitting or kneeling on the ground, with some bound and blindfolded — have sparked outrage and concern from the UN human rights body.

      The Israeli military says it arrests those suspected of involvement in Hamas and other militant groups.

      In the occupied West Bank, excited crowds thronged the Red Cross bus carrying the Palestinians from Ofer prison near Ramallah. But the festivities were muted compared to previous weeks. Just 25 prisoners were set free into the West Bank, while another seven were being transferred to Egypt before deportation.

      The rest were headed home to Gaza for the first time in months, or, in some cases, years, where celebrations awaited.

      Here's a look at some prominent Palestinian prisoners released since the ceasefire deal went into effect on January 19: Mohammed el-Halabi The Palestinian manager of the Gaza branch of World Vision, a major Christian aid organisation, was arrested in 2016 and accused of diverting tens of millions of dollars to Hamas in a high-profile case that drew criticism from rights groups. He was freed on Saturday.

      Both el-Halabi, 47, and World Vision vigorously denied the allegations and independent investigations found no proof of wrongdoing. One independent audit found that el-Halabi had enforced internal controls and ordered employees to avoid anyone suspected of Hamas ties.

      World Vision has also said that the accusations that el-Halabi transferred 60 per cent of the charity's annual budget for Gaza to Hamas could not be reconciled with its financial records.

      Rights groups say el-Halabi was denied a fair and transparent trial, as he and World Vision had no chance to review the evidence against them, with all procedures shielded from the public and shrouded in unusual secrecy. UN experts say el-Halabi was questioned for 50 days without access to a lawyer. He was sentenced to 12 years in prison.

      Israel has attributed the closed hearings to sensitive security information being relayed. Israeli courts typically hold closed hearings to protect the sources of their information.

      His prolonged detention sent a chill through nongovernmental groups providing aid to Palestinians in Gaza. After el-Halabi's arrest, World Vision suspended its activities in Gaza, where it it says its aid had benefited nearly 40,000 children affected by the crippling Israeli-Egyptian blockade on the enclave.

      Shadi Amouri Amouri, 44, from the northern West Bank city of Jenin, was arrested for his alleged role in manufacturing the powerful car bomb that detonated beside an Israeli bus packed with passengers on June 5, 2002, killing 17 Israelis in what became known as the Megiddo Junction suicide bombing.

      The attack during the second intifada, or Palestinian uprising, between 2000 and 2005, took place in northern Israel. The Palestinian militant group Islamic Jihad claimed responsibility.

      Amouri was sentenced to life in prison, plus 20 years. He was among those transferred to Egypt Saturday and released into exile.

      “We wish to have felt the joy of his release here, on the land of Jenin refugee camp,” said Bassam Amouri, his brother. “But, thank God, what matters is that he is free of the suffering of prison.” Ashraf Abu Srour Abu Srour, 50, sentenced to life in prison over a 2000 attack that killed Israeli soldier Shahar Veckart, was also among those released Saturday into exile.

      Hailing from Aida refugee camp in the West Bank city of Bethlehem, Abu Srour was detained in 2001 and convicted the next year over the shooting at Rachel's Tomb, the traditional burial place of the wife of the biblical patriarch Jacob.

      During the second intifada, the shrine became a target of Palestinian militants protesting Israel's claim to the holy site revered by Jews, Christians and Muslims alike.

      Abu Srour belonged to the Al-Aqsa Martyrs' Brigade — an armed group affiliated with Fatah, the secular political party that controls the Palestinian Authority.

      Zakaria Zubeidi Zakaria Zubeidi is a prominent former militant leader and theatre director whose dramatic jailbreak in 2021 thrilled Palestinians across the Middle East and stunned the Israeli security establishment.

      Zubeidi once led the Al-Aqsa Martyrs' Brigade. After the second intifada in 2006, he co-founded a theatre in his hometown of Jenin refugee camp, a hotbed of Palestinian militancy, to promote what he described as cultural resistance to Israel.

      Even today, the Freedom Theater puts on everything from Shakespeare to stand-up comedy to plays written by residents.

      In 2019, after Zubeidi had already served years in prison for attacks in the early 2000s, Israel arrested him again over his alleged involvement in shooting attacks that targeted buses of Israeli settlers but caused no injuries.

      Zubeidi, who was released Thursday into the West Bank, had been awaiting trial in prison. He denies the charges, saying that he gave up militancy to focus on his political activism after the intifada.

      In 2021, he and five other prisoners tunneled out of a maximum-security prison in northern Israel, an escape that helped solidify Zubeidi's image among Palestinians as a folk hero. All six were recaptured days later.

      Mohammed Abu Warda A Hamas militant during the second intifada, Abu Warda helped organise a series of suicide bombings that killed over 40 people and wounded more than a hundred others. Israel arrested him in 2002, and sentenced him to 48 terms of lifetime imprisonment, among the longest sentences it ever issued.

      As a young student, Abu Warda joined Hamas at the start of the intifada following Israel's killing of Yahya Ayyash, the militant group's leading bomb maker, in 1996.

      Palestinian authorities said at the time that Warda had helped to recruit suicide bombers — including his cousin, his cousin's neighbour and a classmate at the Ramallah Teachers College — whose attacks targeting crowded civilian areas in Israeli cities killed scores of people in the early 2000s.

      Warda was released and deported on Thursday.

      Mohammed Aradeh, 42 An activist in Palestinian Islamic Jihad, Aradeh was sentenced to life in prison for a range of offenses going back to the second intifada. Some of the charges, according to the Israeli Prison Service, included planting an explosive device and attempting murder.

      He was credited with plotting the extraordinary prison escape in 2021, when he and five other detainees, including Zubeidi, used spoons to tunnel out one of Israel's most secure prisons. They remained at large for days before being caught.

      From an impoverished and politically active family in Jenin, in the northern occupied West Bank, Aradeh has three brothers and a sister who have all spent years in Israeli prisons.

      He was welcomed as a sort of cult hero in Ramallah on January 25 as family, friends and fans swarmed him, some chanting “The freedom tunnel!” in reference to his jailbreak.

      Mohammed Odeh, 52, Wael Qassim, 54, and Wissam Abbasi, 48 All three men hail from the neighbourhood of Silwan, in east Jerusalem, and rose within the ranks of Hamas. Held responsible for a string of deadly attacks during the second intifada, the men were sentenced to multiple life sentences in 2002.

      They were accused of plotting a suicide bombing at a crowded pool hall near Tel Aviv in 2002 that killed 15 people. Later that year, they were found to have orchestrated a bombing at Hebrew University that killed nine people, including five American students. Israel had described Odeh, who was working as a painter at the university at the time, as the kingpin in the attack.

      All three were transferred to Egypt on January 25. Their families live in Jerusalem and said they will join them in exile.

      The Abu Hamid brothers Three brothers from the prominent Abu Hamid family of the Al-Amari refugee camp in Ramallah — Nasser, 51, Mohammad, 44, and Sharif, 48 — were also deported to Egypt on January 25. They had been sentenced to life in prison over deadly militant attacks against Israelis in 2002.

      Their brother, a different Nasser Abu Hamid, was one of the founders of the Al-Aqsa Martyrs' Brigade. He was also sentenced to life in prison for several deadly attacks. His 2022 death from lung cancer behind bars unleashed a wave of angry protests across the West Bank as Palestinian officials accused Israel of medical neglect.

      The family has a long arc of Palestinian militancy. The mother, Latifa Abu Hamid, 72, now has three sons exiled, one still imprisoned, one who died in prison and one who was killed by Israeli forces. Their family house has been demolished at least three times by Israel, which defends such punitive home demolitions as a deterrent against future attacks.

      Mohammad al-Tous, 67 Al-Tous had held the title of longest continuous Israeli imprisonment until his release last Saturday, Palestinian authorities said.

      First arrested in 1985 while fighting Israeli forces along the Jordanian border, the activist in the Fatah party spent a total of 39 years behind bars. Originally from the West Bank city of Bethlehem, he was among the prisoners exiled on January 25. (AP) PY PY

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