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    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
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    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
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
    Ratul Puri: Beyond Low-Cost Power to Clean Energy Reliability
    PMS Bazaar Collaborates with NSDL Database Management Limited (NDML Accreditation Agency) to Expand Access to SEBI Accredited Investor Certification
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August 14, 2026
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
August 13, 2026
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Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
August 13, 2026
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
August 13, 2026
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Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
August 13, 2026
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.

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MRAI's 12th IMRC and Union Budget 2025 Set the Course for India's Sustainable Recycling Leadership

February 22, 2025

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Mumbai, Maharashtra, India (NewsVoir) The 12th International Material Recycling Conference (IMRC), held from January 28 to 30, 2025, at the Novotel Jaipur Convention Centre, emerged as a critical forum for industry leaders, policymakers, and global stakeholders to address the challenges and opportunities in India’s recycling sector. Organized by the Material Recycling Association of India (MRAI), the event strengthened India’s dedication to a circular economy and sustainable resource management.

A Call for Pro-Planet Living Setting an inspiring tone for the event, Sanjay Mehta, President of MRAI, aligned the conference with Hon. Prime Minister Shri Narendra Modi’s Mission LiFE. He emphasized, “LiFE is about becoming ‘Pro-Planet People.’ Changing the world begins with changing ourselves. Recycling, when done thoughtfully, can reduce the strain on nature. We must start at home, in offices, and in factories by practicing proper segregation.” Reflecting on the conference’s impact, Amar Singh, Secretary General of MRAI, added, “Transformative ideas and actionable insights have emerged here. Our resolve for sustainable resource management has grown stronger.” Government’s Support for Recycling Industry Growth Speaking at the conference, Naresh Pal Gangwar, Additional Secretary, MoEFCC, outlined the government’s roadmap for sustainability and resource efficiency, stating, “Achieving India’s vision of becoming a developed nation by 2040 requires manifold growth in GDP, increased consumption, and efficient management of material resources.” Supporting this view, Vinod Kumar Tripathi, Joint Secretary, Ministry of Steel, reaffirmed the need to improve the recycling ecosystem. He stated, “By strengthening our recycling infrastructure, supporting education and awareness campaigns, and encouraging industries to adopt circular economic principles, we can build a thriving, sustainable future for all.” Industry Leaders and Global Perspectives The conference featured key insights from global experts: • Major General K. Narayanan, Program Director, Niti Aayog, highlighted the role of innovation and collaboration in maximizing India’s recycling potential.

• Dr. Soumya Gurjar, Hon. Mayor of Jaipur, stressed the need for greater participation of women entrepreneurs in the recycling sector and praised Prof. Bineesha P., Advisor at MRAI, for her contributions.

• Robin Wiener, President of ReMA, lauded MRAI’s advocacy efforts, while Arnaud Brunet, Director General of BIR, and Susie Burrage OBE, President of BIR, shared perspectives on the challenges posed by evolving EU regulations on shipping.

‘Recycling India’ – A National Initiative Dhawal Shah, Senior Vice President of MRAI, called for a national campaign—'Recycling India'—to raise awareness and open doors to new opportunities in the sector. “Our vision is to see India emerge as a global leader in sustainable resource management,” he stated.

Zain Nathani, Vice President of MRAI, reinforced the industry’s role in India’s carbon emission and steel production goals, advocating for greater support of the Vehicle Scrappage Policy and the promotion of recyclable materials.

With 2,500 delegates, 400 foreign participants, 200 exhibitors, and representatives from over 50 countries, the 12th IMRC marked a defining moment in India’s sustainable recycling journey.

Government Approves Zero Duty on Non-Ferrous Scrap: A Game-Changer for Recycling In a landmark decision, the Government of India has reduced the basic customs duty on non-ferrous scrap to zero percent, marking a major breakthrough for the recycling industry. The duty exemption applies to key materials such as Lead, Zinc, Copper, Brass, and Lithium-Ion Battery Scrap, providing a boost to India’s circular economy and sustainable manufacturing sector.

MRAI’s Advocacy Paves the Way for Policy Reforms Sanjay Mehta, President of MRAI, expressed his gratitude for the government’s progressive decision, stating, “MRAI has consistently engaged with stakeholders and government bodies to bring about such transformative reforms. The duty-free non-ferrous scrap marks a critical advancement for the recycling industry.” He further noted MRAI’s ongoing efforts to reduce duties on aluminium scrap, aligning India’s policies with global standards.

Union Budget 2025: Boosting India’s Recycling Industry The Union Budget 2025, presented by Smt. Nirmala Sitharaman, Minister of Finance & Corporate Affairs, stressed the importance of exports and imports as key drivers of economic growth. The reduction in non-ferrous scrap duties is a strategic move to enhance manufacturing competitiveness and facilitate access to affordable raw materials. The decision aligns with India’s broader vision of Viksit Bharat, accelerating growth and strengthening the recycling sector as a key contributor to a resource-efficient economy.

Projected Growth and Sustainability Mandates The Indian recycled metal market, which generated USD 28.9 million in 2023, is projected to reach USD 38.0 million by 2030, growing at a CAGR of 4% from 2024 to 2030. The zero-duty policy is expected to lower operational costs and encourage greater recycling activities, reinforcing India’s circular economy.

A significant step toward sustainable manufacturing, the budget introduces zero import duty on non-ferrous metal scrap, including lead, zinc, copper, cobalt powder, lithium-ion battery scrap, and 11 other critical minerals. The measure is set to transform India’s recycling sector, reducing production expenses while strengthening the country’s position in global markets.

Additionally, the government has mandated a minimum of 5% recycled content in all new non-ferrous metal products from FY 2028, with targets set for 10% recycled aluminium, 20% copper, and 25% zinc by FY31. These measures are designed to reduce industrial waste, enhance resource utilization, and support long-term environmental objectives.

MRAI’s Call for Further Reforms In continuation of these efforts, MRAI has urged the government to remove Basic Customs Duty (BCD) on all grades of aluminium scraps, Cupro Nickel & Nickel containing Brass, and Zinc dross scrap under HS code 26201910. With aluminium recycling alone cutting energy consumption by over 95%, such measures would significantly reduce emissions and support India’s environmental objectives. The budget’s provisions are set to accelerate the recycling sector’s expansion.

MRAI’s Continued Engagement with Policymakers Amar Singh, Secretary General of MRAI, highlighted the association’s role in shaping policy, “In aluminium, we have achieved what we set out to do, ensuring that scrap is imported based on its specification. On the policy front, JNARDDC has been authorized as a metal recycling authority by the Ministry of Mines, marking a significant step in policy-driven change.” Tax Reforms and Mission LiFE The Material Recycling Association of India (MRAI) welcomed the tax policy updates of 2024, including the implementation of the Reverse Charge Mechanism (RCM) under GST and the introduction of a 2% Tax Deducted at Source (TDS) on non-ferrous scrap purchases. These reforms enhance compliance, increase transparency, and streamline operations in the recycling sector.

Speaking at MRAI’s 12th IMRC in Jaipur, Naveen Sharma, Vice President of MRAI, urged the government to extend RCM to e-waste and battery waste, covering chapters 83, 84, and 85, which will advance formal sector participation.

Calling attention to the economic potential, Dhawal Shah, Senior Vice President of MRAI, noted, “The Indian non-ferrous metal industry is currently valued at $18 billion and is projected to reach $30 billion in the next five years. Renewable energy, automotive, and packaging sectors offer immense growth potential.” A Collective Step Toward a Greener Future MRAI extends its deep appreciation to the Government of India, under the leadership of Prime Minister Shri Narendra Modi, for supporting the recycling sector. The removal of import duties on non-ferrous scrap marks a watershed moment, positioning India as a leader in sustainable metal recycling. This move, backed by key ministries, is expected to reduce production costs, drive the adoption of recycled materials, and enhance India’s global competitiveness in green manufacturing.

Shri H. D. Kumaraswamy, Minister of Steel; Shri G. Kishan Reddy, Minister of Mines; Smt. Nirmala Sitharaman, Minister of Corporate Affairs; and Shri Piyush Goyal, Minister of Environment, Forest, and Climate Change, have played pivotal roles in defining this progressive policy.

With this pivotal policy move, the nation accelerates its transition toward a cleaner and more sustainable future.

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

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