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    Pesticide residues found in 58 food samples tested in Kerala, says Minister Siddique
    DGFT Removes Physical Duty Payment Challans for Export Obligation Discharge Certificate Applications under Advance Authorisation and Export Promotion ...
    TRAI directs use of 1601-series for service, transactional calls by utilities, logistics cos
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    August 10, 2026
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    Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
    Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
    August 10, 2026
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    Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
    Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
    August 10, 2026
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    Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
    The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
    August 10, 2026
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    GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
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    August 10, 2026
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    Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
    Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
    August 10, 2026
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    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
    Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
    August 10, 2026
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    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
    The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
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    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
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    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
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    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.

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      Customs & Trade

      Trump says he wants to negotiate about Ukraine. It's not clear if Putin really does

      February 8, 2025

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      Moscow, Feb 8 (AP) Nearly three years after President Vladimir Putin invaded Ukraine, his troops are making steady progress on the battlefield. Kyiv is grappling with shortages of men and weapons. And the new US president could soon halt Ukraine's massive supply of military aid.

      Putin is closer than ever to achieving his objectives in the battle-weary country, with little incentive to come to the negotiating table, no matter how much US President Donald Trump might cajole or threaten him, according to Russian and Western experts interviewed by The Associated Press.

      Both are signalling discussions on Ukraine -– by phone or in person -– using flattery and threats.

      Putin said Trump was “clever and pragmatic,” and even parroted his false claims of having won the 2020 election. Trump's opening gambit was to call Putin “smart” and to threaten Russia with tariffs and oil price cuts, which the Kremlin brushed off.

      Trump boasted during the campaign he could end the war in 24 hours, which later became six months. He's indicated the US is talking to Russia about Ukraine without Kyiv's input, saying his administration already had “very serious” discussions.

      He suggested he and Putin could soon take “significant” action toward ending the war, in which Russia is suffering heavy casualties daily while its economy endures stiff Western sanctions, inflation and a serious labour shortage.

      But the economy has not collapsed, and because Putin has unleashed the harshest crackdown on dissent since Soviet times, he faces no domestic pressure to end the war.

      “In the West, the idea came from somewhere that it's important to Putin to reach an agreement and end things. This is not the case,” said Fyodor Lukyanov, who hosted a forum with Putin in November and heads Moscow's Council for Foreign and Defense policies.

      Talks on Ukraine without Ukraine Ukrainian President Volodymyr Zelenskyy says Putin wants to deal directly with Trump, cutting out Kyiv.

      That runs counter to the Biden administration's position that echoed Zelenskyy's call of “Nothing about Ukraine without Ukraine." “We cannot let someone decide something for us,” Zelenskyy told AP, saying Russia wants the “destruction of Ukrainian freedom and independence.” He suggested any such peace deal would send the dangerous signal that adventurism pays to authoritarian leaders in China, North Korea and Iran.

      Putin appears to expect Trump to undermine European resolve on Ukraine. Likening Europe's leaders to Trump's lapdogs, he said Sunday they will soon be “sitting obediently at their master's feet and sweetly wagging their tails” as the US president quickly brings order with his ”character and persistence." Trump boasts of his deal-making prowess but Putin will not easily surrender what he considers Russia's ancestral lands in Ukraine or squander a chance to punish the West and undermine its alliances and security by forcing Kyiv into a policy of neutrality.

      Trump may want a legacy as a peacemaker, but “history won't look kindly on him if he's the man who gives this all away,” said Sir Kim Darroch, British ambassador to the US from 2016-19. Former NATO spokesperson Oana Lungescu said a deal favoring Moscow would send a message of "American weakness.” Echoes of Helsinki Trump and Putin last met in Helsinki in 2018 when there was “mutual respect” between them, said former Finnish President Sauli Niinistö, the summit host. But they are “not very similar,” he added, with Putin a “systematic” thinker while Trump acts like a businessman making “prompt” decisions.

      That could cause a clash because Trump wants a quick resolution to the war while Putin seeks a slower one that strengthens his military position and weakens both Kyiv and the West's political will.

      Zelenskyy told AP that Putin "does not want to negotiate. He will sabotage it.” Indeed, Putin has already raised obstacles, including legal hurdles and claimed Zelenskyy has lost his legitimacy as president.

      Putin hopes Trump will “get bored” or distracted with another issue, said Boris Bondarev, a former Russian diplomat in Geneva who quit his post after the invasion.

      Russian experts point to Trump's first term when they said Putin realized such meetings achieved little.

      One was a public relations victory for Moscow in Helsinki where Trump sided with Putin instead of his own intelligence agencies on whether Russia meddled in the 2016 election. Another was in Singapore in 2019 with North Korean leader Kim Jong Un when he failed to reach a deal to halt Pyongyang's nuclear programme.

      Previous peace talks The Kremlin last year said? a draft peace agreement ?that Russia and Ukraine negotiated in Istanbul early in the conflict — but which Kyiv rejected — could be the basis for talks.? It demanded Ukraine's neutrality, stipulated NATO deny it membership, put limits on Kyiv's armed forces and delayed talks on the status of four Russian-occupied regions that Moscow later annexed illegally.? Moscow also dismissed? demands to withdraw its troops, pay compensation to Ukraine and face an international tribunal for its action.

      Putin hasn't indicated he will budge but said “if there is a desire to negotiate and find a compromise solution, let anyone conduct these negotiations.” “Engagement is not the same as negotiation,” said Sir Laurie Bristow, British ambassador to Russia from 2016-20, describing Russia's strategy as “what's mine is mine. And what's yours is up for negotiation.” Bondarev also said Putin sees negotiations only as a vehicle “to deliver him whatever he wants," adding it's “astonishing” that Western leaders still don't understand Kremlin tactics.

      That means Putin is likely to welcome any meeting with Trump, since it promotes Russia as a global force and plays well domestically, but he will offer little in return.

      What Trump can and can't do Trump said Zelenskyy should have made a deal with Putin to avoid war, adding he wouldn't have allowed the conflict to start if he had been in office.

      Trump has threatened Russia with more tariffs, sanctions and oil price cuts, but there is no economic “wonder weapon” that can end the war, said Richard Connolly, a Russian military and economic expert at London's Royal United Services Institute.

      And the Kremlin is brushing off the threats, likely because the West already has heavily sanctioned Russia.

      Trump also can't guarantee Ukraine would never join NATO, nor can he lift all Western sanctions, easily force Europe to resume importing Russian energy or get the International Criminal Court to rescind its war crimes arrest warrant for Putin.

      Speaking to the Davos World Economic Forum, Trump said he wants the OPEC+ alliance and Saudi Arabia to cut oil prices to push Putin to end the war. The Kremlin said that won't work because the war is about Russian security, not the price of oil. It also would harm US oil producers.

      “In the tradeoff between Putin and domestic oil producers, I'm pretty sure which choice Trump will make,” said Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center in Berlin.

      Trump could pressure Russia by propping up the US oil industry with subsidies and lift the 10% trade tariffs imposed on China in exchange for Beijing limiting economic ties with Moscow, which could leave it “truly isolated,” Connolly said.

      Europe also could underscore its commitment to Kyiv – and curry favour with Trump – by buying US military equipment to give to Ukraine, said Lord Peter Ricketts, a former UK national security adviser.

      Lukyanov suggested that Trump's allies often seem afraid of him and crumble under his threats.

      The “big question,” he said, is what will happen when Putin won't. (AP) AMS

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