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    Keralam CM flags off containers from Vizhinjam, marking start of EXIM operations
    Kerala: Fresh ED raids in CMRL-Exalogic Solutions case
    ED raids KPSC office, ex-chairman in veterinary officers hiring 'scam' case
    Keralam CM reviews operational preparedness at Vizhinjam port
    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs 3rd Meeting of Apex Monitoring Authority of NICDIT and reviews the pro...
    NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects
    DFS Hosts PSB Confluence 2026: Day 1 Deliberations focus on Four themes- Deposit Mobilisation, Banking for Youth, Supporting the Investment Cycle and ...
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat': FM
    Rupee falls 19 paise to close at 95.61 against US dollar
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat'
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    DRI uncovers large-scale illegal use of SAFTA agreement in areca imports
    Rupee falls 17 paise to 95.59 against US dollar in early trade
    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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    August 18, 2026
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    Export-import operations advance through operational preparedness review and planned port-led industrial and logistics development initiatives.
    Operational preparedness for full land-based export-import operations at Vizhinjam Seaport was reviewed, including the Vehicle Traffic Management System. EXIM cargo operations follow a trial shipment of the port's first export container to Valencia. Mission Samudra is proposed to support port-led industrial and logistics development alongside these operations. The deep-water port was developed through a public-private partnership model and had obtained commercial commissioning certification before its dedication to the nation.
    August 18, 2026
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    Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
    National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
    August 17, 2026
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    RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
    RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
    August 17, 2026
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    Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
    PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
    August 17, 2026
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    Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
    Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
    August 17, 2026
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    FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
    Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
    August 17, 2026
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    Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
    High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
    August 17, 2026
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    Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
    The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
    August 17, 2026
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    SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
    SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
    August 17, 2026
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    FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
    The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
    August 16, 2026
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    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
    Show AI Summary
    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
    Show AI Summary
    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
    Show AI Summary
    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Biologics Conference 2025 Concludes Successfully, Setting New Benchmarks in Biopharmaceutical Innovation and Collaboration

      February 14, 2025

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      MUMBAI, India, Feb. 14, 2025 /PRNewswire/ -- The Institute of Chemical Technology, Mumbai, in collaboration with the Mumbai Biocluster, successfully hosted the 5th Annual Summit of Biologics Conference and Workshops focused on Biopharmaceutical Product Development on January 30-31, 2025, at the Novotel Dona Sylvia Resort, Goa. This landmark event has evolved into a premier platform bringing together key stakeholders for scientific exchange, business networking, and industry advancement.

      The conference witnessed an overwhelming response, bringing together over 700 attendees, including 150 distinguished speakers, 12 key sponsors, and 41 exhibitors. With a strong presence of leading biopharma manufacturers and vendors such as Repligen, ThermoFisher Scientific, Cytiva, Merck, Sartorius Stedim, etc. the event further cemented its position as a pivotal gathering for the biopharma ecosystem.

      A Grand Inauguration & Key Announcements The event commenced with an inaugural ceremony graced by Chief Guest Dr. Rajesh Gokhale, Secretary, Department of Biotechnology, Government of India. He was joined by Prof. A. B. Pandit, Vice Chancellor- ICT Mumbai, Program Chairs Dr. Narendra Chirmule, CEO - SymphonyTech and Dr. Dhananjay Patankar, Dr. Rajiv Desai, Senior Technical Advisor for Quality and Regulatory - Indian Pharmaceutical Alliance, Mr. GS Krishnan, President - Association of Biotechnology Led Enterprises and Conference Convener Dr. Ratnesh Jain, Managing Director- Mumbai Biocluster.

      As part of its commitment to fostering innovation and entrepreneurship, the conference introduced Travel Grants and the Young Leader Program to support and encourage emerging talent in biopharma. A significant highlight was the announcement of the second Dr. K. Anji Reddy Memorial Fellowship for Affordable Biopharmaceuticals, awarded to Dr. Cyrus Poonawalla, Chairman of the Serum Institute of India Pvt. Ltd.

      Dr. Rajesh Gokhale delivered an impactful talk on 'Building Next-Gen Biologics', emphasizing the growing role of biomanufacturing in India's industrialization and the recently launched DBT BioE3 policy. He stated, "We cannot follow the 'Silicon Valley playbook' or 'MassBio recipe.' For our country, we need to develop technologies with immense creativity and a vision of indigenous innovation, paving a strong path for the future." Engaging Discussions and Key Highlights The conference featured a fireside chat on investment opportunities in India's biopharma sector, moderated by Dr. Ratnesh Jain, with esteemed panelists Dr. Rajesh S. Gokhale, Dr. Gautham Nadig (Mynvax Pvt Ltd), Dr. Prem Pavoor (Eight Roads), and Dr. Rahul Singhvi (Co-founder, National Resilience).

      A powerful plenary talk followed, delivered by Dr. Rahul Singhvi, titled 'Catalyzing India's Biomanufacturing Revolution: Lessons from My Entrepreneurial Journey.' Scientific Sessions & Industry Engagement Day 1 focused on key areas such as regulatory policies, mRNA technology, cell therapy, biologics and biosimilars markets, biomanufacturing, and analytical validation. A key highlight was the session on 'Biopharmaceutical Product Journey: From Concept to Market,' featuring insights from leadership from companies like Shilpa Biologicals, Biocon Biologics, Bharat Serums & Vaccines, Premas Biotech, Yapan Bio, and Lupin. The conference also featured BioPitch, a platform for biotech startups, and Catalyst Connect Hour, designed to foster networking between attendees and exhibitors.

      Day 2 commenced with the Change Makers Plenary Address on 'Disrupting Traditional Biomanufacturing' by Dr. Himanshu Gadgil, CEO, Enzene, who introduced EnzeneX™ 2.0, an advanced version of its fully-connected continuous manufacturing™ (FCCM™) platform for economical mAb production for the first time in India. This set an enthusiastic tone for further discussions on cutting-edge advancements in gene therapy, AI-ML integration in biopharma, novel biotherapeutics, and veterinary care.

      Closed-door sessions on the rising CDMO ecosystem brought together industry leaders from companies like Aragen Bioscience Inc., Aurigene Pharmaceutical Services, Yapan Bio, Shilpa Biologicals, Veeda Lifesciences, Kemwell Biopharma, and Merck, alongside investment firms such as Kotak Equity and Eight Roads, as well as prominent organizations like IPA, Pharmatech Associates, ThermoFisher Scientific, Sartorius Stedim, THSTI, U.S.-India Business Council and CSIR-IGIB.

      A Visionary Closing & Looking Ahead Throughout the two days, over 70 poster presentations showcased innovative research from academia, startups, CROs, and industry participants. The event concluded on a high note with poster presentation winners receiving INR 25,000 cash prizes, along with awards recognizing the most interactive exhibitors and best exhibitors.

      Reflecting on the success of the event, organizers emphasized their mission to expand the Biologics Conference into an even larger platform for collaboration and knowledge exchange. "The overwhelming response from industry leaders, innovators, and entrepreneurs reinforces our vision to make India a global hub for biopharmaceuticals," they stated.

      The success of Biologics Conference 2025 marks a new milestone in advancing India's biopharma ecosystem, promising even greater opportunities in the future.

      About Biologics The organizers envision establishing India as a global hub for biopharma innovation, by curating interactive forums facilitating impactful discussions among key stakeholders, to strengthen the nation's bioeconomy and accelerate advancements in biopharmaceutical research. With each edition, the conference aims to push the boundaries of scientific excellence and industry growth, shaping the future of biopharmaceuticals in India and beyond.

      Website: https://biologicsworkshop.com/ About Mumbai Biocluster Mumbai Biocluster is a leading innovation hub in ICT Mumbai, India, driving biopharmaceutical R&D and supporting the transition of early-stage innovations into clinical-stage biotech companies. With cutting-edge infrastructure and global collaborations, it tackles critical health challenges, including rare diseases and advanced therapies. Committed to sustainable growth, Mumbai Biocluster empowers startups, academia, and MSMEs through R&D, clinical-stage manufacturing, and regulatory support.

      For more information, visit Mumbai Biocluster.

      Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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