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    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
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    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
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    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
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    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.

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      WHO Prequalification - exploring opportunities and challenges to Indian IVD manufacturers

      February 11, 2025

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      Mitigating diseases which have significant societal impact starts with an early and accurate diagnosis. Ensuring access to safe, appropriate and affordable in-vitro diagnostics (IVDs) is a key step in improving treatment and reducing disease transmissions and associated deaths.

      The diagnosis and mitigation of diseases plaguing underdeveloped countries are largely overlooked by the developed world. This challenge offers a unique opportunity for Indian IVD manufacturers to step up and enter international markets by leveraging the prequalification process for in vitro diagnostic products (IVDs) offered by the World Health Organization.

      What is WHO Prequalification (WHO PQ) of IVDs Prequalification of in-vitro diagnostic devices was launched in 2010 by WHO and the process ensures a pool of prequalified suppliers who offer good quality IVDs to United Nations agencies such as WHO, UNICEF, UNDP and UNFPA as well as to procurement agencies in member states of WHO. WHO PQ aims to promote and facilitate access to safe, appropriate and affordable in vitro diagnostics of good quality equitably. The focus is on IVDs for priority diseases that are appropriate for use in resource-limited settings A Unique Opportunity for Original IVD Manufacturers to Dominate Global Market Share with WHO PQ Mr. Sinto Poulose, an IVD kit manufacturing and regulatory expert from IQZYME Medtech Pvt Ltd explains that WHO prequalification is a unique opportunity for Indian IVD manufacturers to elevate their products to international quality standards. "Only legal or original manufacturers of IVDs that are already commercially available in the market are eligible for the WHO prequalification process," he explains.

      Since rebranded and Original Equipment Manufacturer (OEM) products are not accepted for WHO prequalification, indigenous IVD manufacturers in India have a distinct advantage in successfully qualifying their products.

      However, Mr. Sinto Poulose cautions that navigating the WHO prequalification process is a complex and demanding task, requiring significant investments of time, finances, and resources.

      Challenges Faced by IVD Manufacturers in Acquiring WHO Prequalification (WHO PQ) Approval.

      The stringent assessment process and the significant initial and recurring costs associated with WHO prequalification pose major challenges for many indigenous manufacturers in Asia and Africa.

      Indian IVD manufacturers, despite having access to high-quality raw materials, advanced production equipment, and international quality compliance, often struggle to complete WHO PQ due to a poor understanding of the process. Even when their products meet all compliance requirements, qualifying the manufacturing facility remains a major challenge.

      Additionally, small and medium-sized manufacturers face difficulties in recruiting experienced professionals in regulatory and quality assurance, further hindering their growth and compliance efforts.

      Why Government Support is Essential for WHO Prequalification The biggest challenge for IVD manufacturers in entering the WHO prequalification process is the significant financial burden it imposes. For a single product undergoing full assessment, the WHO prequalification fee is US$ 17,000, while an abridged assessment costs US$ 8,000. In addition, costs incurred in analytical and clinical performance evaluations range between US$ 60,000 to 100,000.

      Schemes targeted to address specific challenges of the IVD industry would provide substantial benefits. Financial aid, subsidies, and partial reimbursement of costs related to WHO prequalification fees, product evaluations, and QMS certifications would empower Indian IVD manufacturers to expand into global markets.

      A Step-by-Step Guide to WHO Prequalification for IVD Manufacturers Manufacturers can successfully meet WHO prequalification requirements with the right guidance and meticulous planning, says Mrs Selma Siyavudeen, quality and regulatory expert from IQZYME Medtech Pvt Ltd. "Whether following the full assessment or abridged assessment route, implementing critical improvements in product quality is an absolute necessity, she emphasizes.

      Key Stages in WHO Prequalification The WHO prequalification process consists of three key stages: 1. Product Dossier Review - Manufacturers must submit a comprehensive dossier providing detailed evidence on product safety, performance, design and manufacturing.

      2. Laboratory Performance Evaluation - Upon dossier acceptance, an independent WHO-listed laboratory assesses the IVD’s performance and operational characteristics using publicly available standard evaluation protocols.

      3. Manufacturing Site Inspection – WHO conducts an on-site audit to verify compliance with ISO 13485:2016 and assess the manufacturer’s capability to reliably supply products to WHO member states.

      WHO Prequalification (WHO PQ) Assessment Process The WHO prequalification assessment follows two distinct routes (a) full assessment and (b) abridged assessment.

      For a full assessment, the manufacturer must undergo all the key stages of evaluation, including product dossier review, laboratory performance evaluation, and manufacturing site inspection.

      The abridged assessment option is available only for products that have already been rigorously evaluated by recognized regulatory agencies such as the European Union, Health Canada, the Therapeutic Goods Administration (Australia), the Ministry of Health, Labour and Welfare (Japan), and the U.S. Food and Drug Administration (FDA). In this route, the manufacturer submits an abridged product dossier, summarizing essential details about its Quality Management System (QMS), product design, performance, and manufacturing process. WHO then considers the existing evidence on performance evaluation, manufacturing site inspection, and labelling review as part of the assessment.

      Does CE Marking Help with WHO Prequalification? Mr. Soio George, an Ex EU Notified Body Auditor and IVDR regulatory expert from I3CGLOBAL Reghelps Pvt Ltd shares his perspective. "Yes, CE Marking under IVDR can support WHO Prequalification but it does not guarantee automatic approval. If a product has already undergone a rigorous evaluation by an EU Notified Body under IVDR 2017/746, it may qualify for an abridged WHO PQ assessment, reducing the need for extensive additional testing.

      However, WHO still requires manufacturers to demonstrate the product’s performance in relevant global health settings. Even with a CE-marked device, compliance with WHO-specific requirements remains essential for successful prequalification." Mr. Soio George further emphasizes that WHO Prequalification does not replace CE Marking, as IVDR has stricter regulatory requirements, particularly concerning clinical evidence and post-market surveillance (PMS) compliance. However, a WHO-prequalified product with strong performance data may support the clinical evidence needed for IVDR certification.

      Consultants for WHO PQ and IVDR CE Marking Navigating the stringent regulatory frameworks of WHO and the EU IVDR requires specialised and experienced professionals with a well-rounded exposure to production, quality, and regulatory affairs—an area where many manufacturers face significant challenges in finding suitable consultancy services In response to this growing need, I3CGLOBAL and IQZYME have entered a technical partnership to provide comprehensive regulatory support to manufacturers worldwide.

      With 25 years of EU and US FDA experience and a team of over 75 permanent employees, I3CGLOBAL brings extensive regulatory expertise. IQZYME, with its strong background in production and quality in the IVD segment, has over 50 permanent employees and a panel of experts, including former CDSCO and WHO auditors. This collaboration forms a robust alliance capable of supporting IVD manufacturers in India and across the globe.

      Through the I3CGLOBAL-IQZYME partnership, manufacturers will receive end-to-end assistance in key areas such as technical dossier preparation, risk assessment, performance evaluation, QMS implementation, and regulatory submissions, enabling them to successfully navigate global market approvals Conclusion The WHO Prequalification process enables IVD manufacturers to meet global standards and expand internationally. Manufacturers focused on quality and proper financial planning can benefit from the I3CGLOBAL-IQZYME partnership for faster WHO PQ and IVDR CE Marking approval (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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