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    Govt cuts windfall gains tax on petrol, diesel, ATF exports
    Modi warns of weaponisation of resources, sea routes; urges energy self-reliance
    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
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    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
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August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
August 15, 2026
Show AI Summary
Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
August 14, 2026
Show AI Summary
Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
August 14, 2026
Show AI Summary
Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
August 14, 2026
Show AI Summary
Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
August 14, 2026
Show AI Summary
Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
August 14, 2026
Show AI Summary
Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
August 14, 2026
Show AI Summary
Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
August 14, 2026
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International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
August 14, 2026
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Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
August 14, 2026
Show AI Summary
International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
August 14, 2026
Show AI Summary
Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
August 13, 2026
Show AI Summary
International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
August 13, 2026
Show AI Summary
Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
August 13, 2026
Show AI Summary
Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
August 13, 2026
Show AI Summary
GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
August 13, 2026
Show AI Summary
Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
August 13, 2026
Show AI Summary
Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
August 13, 2026
Show AI Summary
Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
August 13, 2026
Show AI Summary
Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.

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Customs, DGFT & SEZ

Data on ECB/FCCB for the month of April 2012

June 14, 2012

Contents
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 I AUTOMATIC ROUTE*

 

ECB/ FCCB

Borrower

Equivalent Amount in USD

Purpose

Maturity Period (Appx)

1

ECB

Mainetti India Pvt Ltd., 

314,193

Rupee Expenditure Loc.CG 

8 Years 1 Month

2

ECB

Velan Valves India Private Limited

4,500,000

Import of Capital Goods

6 Years

3

ECB

Pengg Usha Martin Wires Pvt.Ltd.

2,105,676

Modernisation

4 Years 8 Months

4

ECB

Noble Natural Resources India Pvt. Ltd.#

20,000,000

Rupee Expenditure Loc.CG 

9 Years

5

ECB

Shahi Exports Pvt. Ltd.

20,000,000

Modernisation

9 Years 10 Months

6

ECB

Solarfield Energy Private Limited

11,000,000

Rupee Expenditure Loc.CG 

11 Years 3 Months

7

ECB

Piaggio Vehicles Pvt. Ltd.

17,850,000

Rupee Expenditure Loc.CG 

7 Years 4 Months

8

ECB

Flometallic India Ltd.

3,750,000

New Project 

5 Years 5 Months

9

ECB

Mach Aero Components Pvt. Ltd.

1,105,480

New Project 

7 Years 10 Months

10

ECB

Bando India Private Limited

7,800,000

Modernisation

5 Years 8 Months

11

ECB

JayShree Tea & Industries Ltd. 

5,000,000

Rupee Expenditure Loc.CG 

5 Years

12

ECB

Aarvee Denims & Exports Ltd.

5,000,000

Redemption of FCCBs

5 Years

13

ECB

John Energy Ltd

6,000,000

Modernisation

5 Years

14

ECB

Jacquard Fabrics (India)Pvt. Ltd.

500,000

Modernisation

6 Years 10 Months

15

ECB

Jacquard Fabrics (India)Pvt. Ltd.

500,000

Modernisation

6 Years 10 Months

16

ECB

Indo Baijin Chemicals Pvt. Ltd.

12,500,000

New Project 

7 Years 4 Months

17

ECB

Scania Commercial Vehicles India Pvt Ltd

16,694,942

Rupee Expenditure Loc.CG 

3 Years 11 Months

18

ECB

Haworth India Private Limited

5,000,000

Rupee Expenditure Loc.CG 

4 Years 10 Months

19

ECB

BTR Packaging Pvt. Ltd.

300,000

Rupee Expenditure Loc.CG 

4 Years 9 Months

20

ECB

Nippon Steel Pipe India Pvt.Ltd.

13,000,000

Import of Capital Goods

7 Years 6 Months

21

ECB

Nippon Steel Pipe India Pvt.Ltd.

13,500,000

Import of Capital Goods

7 Years 7 Months

22

ECB

Bhushan Steel  Limited

5,033,883

Import of Capital Goods

7 Years 2 Months

23

ECB

WNS Global Services Pvt. Ltd. #

7,000,000

Import of Capital Goods

3 Years 4 Months

24

ECB

Star Cement Meghalaya  Ltd.

12,200,000

New Project 

7 Years 9 Months

25

ECB

Abdos Labtech Private Limited

2,500,000

Modernisation

5 Years

26

ECB

Nucon Industries Private Limited

329,012

Modernisation

5 Years 1 Month

27

ECB

Eurecat India Catalyst Services Private

9,254,826

New Project 

5 Years 3 Months

28

ECB

IRB Ahmedabad Vadodara Super Exp Tollway

100,000,000

Road

7 Years 1 Month

29

ECB

Everest Industries Limited

12,000,000

Modernisation

4 Years 9 Months

30

ECB

Craftsman Automation Pvt.Ltd.

6,000,000

Import of Capital Goods

5 Years

31

ECB

Gulbarga Power Pvt. Ltd.

15,792,574

Rupee Expenditure Loc.CG 

13 Years 1 Month

32

ECB

Zahoransky  Moulds & Machines Pvt.L

394,814

New Project 

6 Years 1 Month

33

ECB

JSW Steel Ltd.

63,683,746

Import of Capital Goods

11 Years 7 Months

34

ECB

JSW Steel Ltd.

63,723,140

Import of Capital Goods

11 Years 8 Months

35

ECB

JSW Steel Ltd.

50,872,587

Modernisation

6 Years 2 Months

36

ECB

Rane Engine Valve Ltd.

5,000,000

Modernisation

5 Years

37

ECB

Behr- Hella Thermocontrol India Pvt. Ltd

460,617

Rupee Expenditure Loc.CG 

3 Years 8 Months

38

ECB

Liebherr CMCtec India Pvt. Ltd.

1,316,048

New Project 

4 Years 8 Months

39

ECB

Interlink Petroleum Ltd.  # 

1,000,000

Other

4 Years

40

ECB

Claris Lifesciences Ltd.

10,000,000

Modernisation

5 Years

41

ECB

RHI Clasil Ltd.

1,316,048

Modernisation

6 Years

42

ECB

Ambattur Developers Private Limited

6,000,000

Import of Capital Goods

4 Years 10 Months

43

ECB

Jindal Aluminium Ltd.

20,000,000

New Project 

10 Years 10 Months

44

ECB

Exedy India Ltd.

1,000,000

Rupee Expenditure Loc.CG 

4 Years

45

ECB

Sadbhav Engineering Ltd.

10,000,000

New Project 

10 Years

46

ECB

Taeyang Metal India Pvt.Ltd.

4,842,984

Import of Capital Goods

5 Years 4 Months

47

ECB

Bangalore Metro Rail Corporation Limited

250,000,000

Railways

18 Years 8 Months

48

ECB

Teva API India Ltd.

48,000,000

Modernisation

13 Years 3 Months

49

ECB

NTL Logistics Plus India Pvt. Ltd.

60,000

Rupee Expenditure Loc.CG 

3 Years 5 Months

50

ECB

Posco Maharashtra Steel Pvt. Ltd.

243,069,000

Import of Capital Goods   

8 Years 1 Month

51

ECB

Posco Maharashtra Steel Pvt. Ltd.

180,000,000

Import of Capital Goods

8 Years 1 Month

52

ECB

Three Bond India Pvt. Ltd.

1,200,000

Rupee Expenditure Loc.CG 

5 Years

53

ECB

Gindre India Components Pvt. Ltd.

171,086

Rupee Expenditure Loc.CG 

6 Years

54

ECB

Kobelco Cranes India Pvt.Ltd.

2,362,742

Import of Capital Goods

7 Years 1 Month

55

ECB

Polyhose India P. Ltd.

1,511,435

Import of Capital Goods

5 Years 7 Months

56

ECB

Meneta Automotive Components Pvt Ltd.

2,105,676

Rupee Expenditure Loc.CG  

4 Years 11 Months

57

ECB

Larsen & Toubro Limited

100,000,000

Rupee Expenditure Loc.CG 

6 Years 3 Months

58

ECB

Hyundai Sealtech Manufacturing Pvt.Ltd.

1,500,000

Import of Capital Goods

5 Years

59

ECB

Allied Refractory Products India Pvt. Lt

4,000,000

New Project 

8 Years

60

ECB

FEV India Pvt. Ltd.

105,284

Rupee Expenditure Loc.CG 

3 Years 1 Month

61

ECB

Samson Maritime Ltd. 

6,750,000

Import of Capital Goods

7 Years 1 Month

62

ECB

Refu Solar Electronics Private Limited

526,419

New Project  

3 Years 5 Months

63

ECB

IAC International Automotive India P. L.

8,500,000

New Project 

7 Years 9 Months

64

ECB

The Andhra  Pradesh Paper Mills Ltd

14,000,000

Modernisation

5 Years 9 Months

65

FCCB

3i Infotech Ltd.

130,000,000

Redemption of FCCBs

5 Years

66

ECB

Lanco Industries Ltd

10,000,000

Modernisation

5 Years

67

ECB

Monnet Power Company Ltd.

25,000,000

New Project 

8 Years 1 Month

68

ECB

Sunrise Containers Ltd

2,000,000

Rupee Expenditure Loc.CG 

5 Years

69

ECB

Sekisui Dljm Molding Pvt. Ltd.

360,000

Rupee Expenditure Loc.CG 

5 Years

70

ECB

Compact India Pvt. Ltd. #

111,502

Rupee Expenditure Loc.CG 

6 Years 9 Months

71

ECB

Renault Nissan Automotive India Pvt. Ltd

13,510,358

Rupee Expenditure Loc.CG 

5 Years

 

 

Automatic Route Total

1,620,984,073

 

 

* Based on Form 83 submitted for allotment of Loan Registration Number

# Clarification sought from the company for conformity with the end-use requirement, eligibility of the borrower and other parameter of ECB

 

II APPROVAL ROUTE*

1

ECB

MTU India Pvt. Ltd.

987,036

Modernisation

5 Years  11 Months

2

ECB

Bharat Forge Limited.

40,000,000

Redemption of FCCBs

5 Years  7 Months

3

ECB

Power Grid Corpn. of India Ltd

250,000,000

Power

14 Years  11 Months

4

ECB

Dana India Technical Centre Pvt. Ltd.

25,000,000

New Project 

5 Years  11 Months

5

ECB

Go Airlines (India ) Ltd.

795,070,921

Import of Capital Goods

8 Years  3 Months

 

 

Approval Route Total

1,111,057,957

 

 

 

 

Grand Total

2,732,042,030

 

 

Topics

Acts Income Tax