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    India Achieves Major Milestone at Codex Commission with Adoption of Three Global Standards for Spices
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    Brazil calls Trump's 25 pc tariff unjustifiable, vows to impose reciprocal tariffs
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    ESDS Launches Swaraj Nandi and Swaraj Hansa, Two Sovereign Enterprise Security Platforms Built Entirely in India
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    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
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    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
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    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.
    July 16, 2026
    Show AI Summary
    EPFO-integrated provident fund payments streamline statutory compliance through digital banking, with real-time confirmations and instant challan downloads for businesses.
    EPFO-integrated provident fund payment service enables business customers to initiate statutory PF payments through the EPFO portal and complete transactions using the bank's internet banking platform. Real-time transaction confirmations and instant challan downloads support faster processing, cash-flow management and timely compliance with EPFO payment requirements.
    July 16, 2026
    Show AI Summary
    Privileged access governance and explainable security monitoring support auditable, sovereign enterprise cybersecurity across private and air-gapped deployments.
    Swaraj Nandi provides privileged-access management through credential vaulting, automated rotation, Zero-Trust approvals, multi-factor authentication, session recording and audit reporting. Swaraj Hansa provides AI-assisted security information and event management by collecting, correlating and triaging security signals with explainable alerts and human-owned decisions. Both platforms support on-premise, private-cloud and relevant air-gapped deployment models, and their compliance architecture is mapped to the RBI IT Framework, SEBI CSCRF, DPDP Act, PCI-DSS, ISO 27001 and NIST CSF.
    July 16, 2026
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    Money-laundering investigation targets alleged foreign-funded network facilitating illegal infiltration, forged identity documents and economic rehabilitation of immigrants.
    A money-laundering investigation examined an alleged syndicate facilitating illegal infiltration, forged Indian identity documents and settlement of Bangladeshi nationals and Rohingyas. Investigators alleged that public charitable trusts receiving foreign contributions channelled funds through multiple bank accounts, mule accounts and layered transactions to support economic rehabilitation through cash assistance, employment and income-generating arrangements. Searches were conducted under the Prevention of Money Laundering Act.
    July 16, 2026
    Show AI Summary
    Money-laundering investigation examines alleged foreign-funded networks supporting illegal infiltration, forged documents, and economic settlement of migrants.
    A money-laundering investigation concerns an alleged network facilitating illegal entry and settlement of Bangladeshi and Rohingya nationals. The alleged scheme involved forged identity and travel documents, charitable trusts receiving overseas contributions, and diversion of funds through bank accounts, mule accounts and layered transactions. Suspected fund use included settlement support, documentation, employment, cash assistance and income-generating assets. Searches examined the alleged infiltration, documentation and financial-support network.
    July 16, 2026
    Show AI Summary
    Agentic AI innovation centre enables consumer businesses to co-create, test and scale enterprise AI solutions across operational functions.
    TCS launched a Gemini Experience Centre in Kolkata with Google Cloud to enable consumer businesses to co-create, test and scale AI-led solutions. The centre showcases agentic AI applications for store operations, supply-chain management, omni-channel retail and customer service, serving retail, consumer packaged goods, travel, tourism and hospitality enterprises. The initiative uses Gemini Enterprise-based industry- and context-aware AI agents and seeks to accelerate agentic AI adoption and support movement from AI pilots to enterprise-scale deployment.
    July 16, 2026
    Show AI Summary
    Cost Inflation Index enables inflation-adjusted long-term capital gains calculations through indexed acquisition cost for eligible capital asset transfers.
    The Cost Inflation Index for financial year 2026-27 is 384 for computing inflation-adjusted long-term capital gains on transfers of capital assets, including immovable property, securities and jewellery. It is used to determine indexed cost of acquisition by adjusting purchase cost for inflation. Long-term classification generally requires holding exceeding 36 months, with stated periods of 24 months for immovable property and unlisted shares and 12 months for listed securities.
    July 16, 2026
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    India-EU industrial and technology cooperation advances through trade facilitation, resilient supply chains, digital innovation and expanded market access.
    India-EU industrial and technology cooperation was advanced through engagements addressing industrial collaboration, technology partnerships, bilateral trade opportunities and business-to-business cooperation. Discussions covered trade facilitation, investment flows, supply-chain resilience, digital innovation, competitiveness and regulatory challenges. The interactions emphasised industry-led growth, greater market access for Indian enterprises and innovation-driven partnerships under the Trade and Technology Council framework.
    July 16, 2026
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    Preferential India-UK trade framework introduces broad zero-duty export access, self-certified origin documentation, and social-security contribution relief for temporary professionals.
    India-United Kingdom CETA entered into force with preferential tariff treatment, including zero-duty access in the United Kingdom for nearly 99 per cent of India's exports. The Agreement covers goods, services and cooperation in customs, digital trade, financial services, telecommunications, intellectual property and professional services. The associated Agreement on Social Security exempts Indian professionals on temporary United Kingdom assignments from double social-security contributions for up to five years. Rules of Origin certification was operationalised through self-certified Certificates of Origin issued on the eCoO 2.0 platform.
    July 16, 2026
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    Labour market indicators showed stable overall participation, employment and unemployment, with marginal urban improvement and softer rural unemployment.
    Monthly labour-market estimates for persons aged 15 years and above, compiled under the Current Weekly Status approach, show stable overall labour-force participation, worker population ratio and unemployment rate in June 2026. Urban labour-force participation and worker population ratio improved marginally, while rural participation and employment remained stable. Female labour-force participation was broadly stable month-on-month. Rural unemployment eased slightly, urban unemployment rose marginally from the preceding month, and urban unemployment declined on a year-on-year basis.

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      BMW Group India presents India Art Fair 2025

      February 7, 2025

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      • ‘The Future is Born of Art’ Commission winner artist-duo Non-Linear and Cursorama to create an immersive installation ‘Biolume’ responding to the theme of ‘Ecocentrism’.

      • BMW Art Talk – ‘From Introspection to Impact: Artists Shaping the World’ with Shirazeh Houshiary, Bharti Kher and Pushpamala N.

      (L-R) Artists Dennis Peters and Yash Chandak with Jaya Asokan, Fair Director at India Art Fair and Prof. Dr. Thomas Girst, Global Head, BMW Group Cultural Engagement Gurugram. BMW Group India is the presenting partner of the 16th edition of India Art Fair, which will take place from 6 – 9 February 2025 at the NSIC Exhibition Grounds in New Delhi. India Art Fair is the leading platform showcasing modern and contemporary art from India and South Asia and convenes audiences to explore a record 120 exhibitors, including 78 galleries, presented alongside major regional and international art institutions. The fair welcomes 26 new exhibitors, including seven new design studios. The expanded design section features eleven eminent design studios from India and beyond. For its biggest edition yet, India Art Fair continues in its mission to showcase the very best of South Asian art alongside major contemporary international artists and collectible design by pioneering studios, reinforcing its position as the leading site for discovery of art and culture in the region.

      Mr. Vikram Pawah, President and CEO, BMW Group India, said, "BMW Group India is a steadfast champion of the arts and cultural landscape across India. We take immense pride in our creative collaboration with the India Art Fair, as it continues to champion India's diverse and thriving contemporary arts landscape. Our shared vision for a future that is both creative and sustainable is perfectly encapsulated by the latest edition of 'The Future is Born of Art' Commission. This groundbreaking initiative explores how the harmonious integration of ecological and technological thinking can create a more sustainable, balanced, and regenerative world - all through the captivating lens of an artist's vision. We eagerly await the opportunity to welcome audiences from India and around the globe at the fair, where they will experience the transformative power of art and technology, united in the pursuit of a better tomorrow." ‘The Future is Born of Art’ Commission ‘The Future is Born of Art’ Commission, led by BMW India and India Art Fair is an annual commission designed to platform a promising young Indian artist on a global stage. Now in its fourth edition, the 2025 Commission invited emerging artists to propose an immersive installation centred around BMW iX1 LWB, MINI Countryman Electric and BMW Motorrad CE 02 and BMW Motorrad CE 04, reflecting on the theme of ‘Ecocentrism’. ‘Ecocentrism’ puts forward a worldview in which ecological and technological thinking coexist, imagining visions for a brighter, more sustainable future.

      As winners of the prestigious ‘Future is Born of Art’ Commission, led by BMW and India Art Fair, Non-Linear (Dennis Peter) and Cursorama (Yash Chandak) join the ranks of India’s most promising artistic voices. The annual commission challenges emerging artists to create large-scale installations that explore topical themes built on shared values of BMW and India Art Fair. Previous winners, Sashikanth Thavudoz (2024), Devika Sundar (2023) and Faiza Hasan (2022), have set the stage with visionary works exploring community, materiality and ecology.

      Non-Linear and Cursorama’s winning project, Biolume, is an ambitious 180-degree multimedia experience inspired by bioluminescent organisms. With interactive screens that respond to audience movements, the installation creates a feedback loop between human actions and their immersive environment. The space is filled with original sound, ranging from serene melodies to glitchy soundscapes.

      The installation has three dynamic scenes: The Surface: Hypnotic interplay of coastal waves and glowing organisms The Depths: Pulsating forms and evolving networks mimicking underwater life The Electric Abyss: A futuristic landscape merging organic and mechanical forms Biolume integrates generative design and biomimicry to place audiences inside an abstracted, glowing oceanic world. “Bioluminescence is nature’s sci-fi—a glowing, electric language that exists in harmony with its surroundings,” Peter explains. The project underscores the role of art as a tool for fostering ecological and social dialogue. “As artists, we see it as our responsibility to reflect on how technology and art can inspire change,” says the duo.

      BMW Art Talk On the theme of ‘From Introspection to Impact: Artists Shaping the World’ will be held on 7 February 2025 at the India Art Fair. This talk allows for a deeper introspection into the practices of artists by renowned artists Shirazeh Houshiary, Bharti Kher and Pushpamala N. with moderator Prof. Dr. Thomas Girst, Head of Cultural Engagement, BMW Group. In a polarised world, artists allow us to see beyond the surface level – to think more deeply and be challenged, and to create spaces for kinship and solidarity across borders and generations. In keeping track of how the world has evolved, artists punctuate these moments with their art and bridge cultural ecosystems which is the DNA of BMW’s role in art and culture.

      About BMW Group India Cultural Commitment The BMW Group has initiated and been engaged in hundreds of global cultural initiatives for over 50 years. From music to film, from architecture to design, contemporary art has played an essential role – via long-term institutional partnerships with major museums or partnering with the leading art fairs around the world, such as Art Basel and Frieze from Los Angeles, New York and Miami, to Seoul, Hong kong, Paris, and London.

      Since its inception, BMW India has participated in leading cultural engagements across the country. In 2007, two BMW Art Cars embellished by world-renowned artists Andy Warhol and Roy Lichtenstein were presented at the Jehangir Art Gallery in Mumbai. BMW Art Car by Andy Warhol, Jeff Koons, Sandro Chia and Cesar Manrique have been exclusively showcased at various editions of the India Art Fair.

      Since its inception in 2012, BMW has partnered with Kochi-Muziris Biennale, the contemporary art exhibition, which brings international artists to India and creates a global platform for Indian artists. In 2012-13, the innovative BMW Guggenheim Lab came to India. Based at Dr. Bhau Daji Lad Museum and conducted at six different venues in Mumbai, the lab organised six weeks of free programmes with diverse audiences and communities addressing the challenges and conditions of the urban city.

      The BMW Group's Cultural Engagement, with exclusive updates and deeper insights into its global initiatives can be followed on Instagram at @BMWGroupCulture.

      About India Art Fair India Art Fair is the leading platform to discover modern and contemporary art from South Asia. Since its establishment in 2008, India Art Fair has provided a unique access point to the region’s thriving cultural scene; drawing together galleries, artists, private foundations, arts charities, artist collectives, national institutions, cultural events, and festivals. Taking place annually in India’s capital, New Delhi, the fair reflects India’s dynamic art community, while offering insights into the creative landscapes of the wider region and enabling international audiences to engage with the cultural history and development of the region. The fair is committed to supporting arts education and professional development opportunities, recognising the crucial need to support the development of the local arts scene and provide dedicated exhibition space to emerging galleries and arts organisations. In 2025, India Art Fair introduces an expanded year-round programme of events, with a particular focus on developing meaningful initiatives in collaboration with key local stakeholders to complement existing programming and strengthen the market in the diverse span of art hubs across India. India Art Fair is owned and operated by Angus Montgomery Arts (AMA), a division of Angus Montgomery Ltd. indiaartfair.in BMW Group Cultural Engagement Why Culture? Why not! Culture is knowledge, a sanctuary of beauty and depth, of meaning and peace. An inspiring escape. Tranquil at best, even unsettling sometimes. As corporate citizen, the BMW Group takes social responsibility seriously, as part of which it has been involved in hundreds of cultural initiatives worldwide for over half a century, both in the arts, music & sound, architecture as well as in design. As a long-term partner, creative freedom is key – and as essential for groundbreaking works as it is for major innovations within a business enterprise like ours.

      Further information: www.bmwgroup.com/culture and www.bmwgroup.com/overview Instagram: @BMWGroupCulture If you have any queries, please contact: BMW Group India Abhay Dange, Director, Press and Corporate Affairs Cell: +91 9910481013; Tel: + 91 124 4566600; Email: [email protected] Satchit Gayakwad, Press and Corporate Affairs Cell: +91 9560725900; Tel: + 91 124 4566906; Email: [email protected] Internet: www.bmw.in Facebook: https://www.facebook.com/bmwindia X: https://x.com/bmwindia YouTube: https://www.youtube.com/user/bmwindia Instagram: https://www.instagram.com/bmwindia_official (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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