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    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
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    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    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
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    August 1, 2026
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    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
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    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
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    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Western leaders visit Kyiv, pledge military support against Russia on war's 3rd anniversary

      February 25, 2025

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      Kyiv, Feb 24 (AP) Ukraine on Monday marked the bleakest anniversary yet of its war against the Russia invasion, with the country's forces under severe pressure on the battlefield and US President Donald Trump's administration apparently embracing the Kremlin in a reversal of US policy.

      The three-year milestone drew more than a dozen Western leaders to Kyiv for commemorative events in a conspicuous show of support. They warned of the war's wider implications for global security and vowed to keep providing billions of dollars in support for Ukraine as uncertainty deepens over the US commitment to help. Washington did not send any senior official to the occasion.

      The fourth year of fighting could be pivotal as Trump uses his return to office to press for a peace deal.

      World security is at stake in talks over how the war ends, European Commission President Ursula von der Leyen warned.

      “The autocrats around the world are watching very carefully whether there's any impunity if you violate international borders or invade your neighbour, or if there is true deterrence,” she said.

      Canadian Prime Minister Justin Trudeau echoed that sentiment. Canadians, he said, “believe deeply that it's not just about Ukraine. It's about the rules and the values and the principles of sovereignty, of independence, territorial integrity that protects every country in the world. All of us rely on those rules to be able to build peace and security." Some observers say Russian success in Ukraine could embolden China's ambitions. Just as Moscow claims that Ukraine is rightfully Russian territory, China claims the self-governing island of Taiwan as its own. North Korea and Iran have also aided Russia's war effort.

      In a cascade of unwelcome developments for Kyiv, Trump has in recent days called Ukrainian President Volodymyr Zelenskyy a dictator, suggested Ukraine is to blame for the war and ended Russian President Vladimir Putin's three-year diplomatic isolation by the United States.

      US officials have also indicated to Ukraine that its hopes of joining NATO are unlikely to be realised and that it probably won't get back the land that Russia's army occupies, which amounts to nearly 20% of the country.

      Meanwhile, Putin's troops are making steady progress on the battlefield while Ukraine is grappling with shortages of troops and weapons.

      The guests in Kyiv and the leaders appearing by video had similar messages: Ukraine and its European partners must be consulted in any peace negotiations, Putin's ambitions must be thwarted, and Europe must take on more of the burden for its own defence.

      The shift in Washington's policy has set off alarm bells in Europe, where governments fear being sidelined by the US in efforts to secure a peace deal. They are mulling how they might pick up the slack of any cut in US aid for Ukraine. The changes have also placed strain on transatlantic relations.

      European Council President Antonio Costa on Sunday announced that he would convene an emergency summit of the 27 EU leaders in Brussels on March 6, with Ukraine at the top of the agenda.

      EU foreign ministers on Monday approved a new raft of sanctions against Russia. The measures target Russia's so-called “shadow fleet” of ships that it uses to skirt restrictions on transporting oil and gas, or to carry stolen Ukrainian grain. The EU said 74 vessels were added to its shadow fleet list.

      Asset freezes and travel bans were imposed on 83 officials and “entities” — usually government agencies, banks or companies.

      Britain, too, imposed new sanctions, targeting 107 businesses and individuals in what it says is its biggest package targeting Russia's war machine since the early days of the conflict in 2022.

      The measures take aim at Russia's military supply chains, including companies in several countries — notably China — that Britain says are supplying machine tools, electronics and dual-use goods for Russia's military.

      Spanish Prime Minister Pedro Sánchez said his country would provide a 1 billion-euro ($1.04 billion) military systems package to Ukraine this year.

      Starmer said Ukrainians' voices “must be at the heart of the drive for peace,” while Trump's intervention had “changed the global conversation” and “created an opportunity.” “Russia does not hold all the cards in this war," he said.

      Coming off a victory in Sunday's German elections, conservative leader Friedrich Merz — also a staunch backer of Ukraine — posted on X Monday: “More than ever, we must put Ukraine in a position of strength." “For a fair peace, the country that is under attack must be part of peace negotiations,” he wrote.

      On Sunday, Russia launched its biggest single drone attack of the war, pounding Ukraine with 267 drones.

      The EU's top diplomat, Kaja Kallas, insisted that the US cannot seal any peace deal to end the war without Ukraine or Europe being involved. She highlighted what she claimed were pro-Russian positions being taken up by the Trump administration.

      “You can discuss whatever you want with Putin. But if it comes to Europe or Ukraine, then Ukraine and Europe also have to agree to this deal,” Kallas told reporters in Brussels, where she was leading a meeting of EU foreign ministers.

      Kallas is scheduled to travel to Washington on Tuesday for talks with US Secretary of State Marco Rubio.

      UN Secretary-General António Guterres said the third anniversary was “a grim milestone.” “More than 12,600 civilians killed, with many more injured. Entire communities reduced to rubble. Hospitals and schools destroyed,” he said in Geneva.

      In a win for Ukraine, the United States on Monday failed to get the UN General Assembly to approve its resolution seeking to end the war without mentioning Russian aggression. The US draft resolution was amended by the assembly to add language making clear that Russia invaded its smaller neighbour in violation of the UN Charter.

      In other developments, Trump said Putin would accept European peacekeepers in Ukraine as part of a potential deal to end the war.

      “Yeah, he will accept it,” Trump told reporters at the White House. “I have asked him that question. Look, if we do this deal, he's not looking for world war.” Russia's foreign ministry said Saturday that preparations for a face-to-face meeting between Trump and Putin were underway, and U.S. officials have said that they agreed with Moscow to reestablish diplomatic ties and restart economic cooperation.

      At a virtual meeting with leaders of the Group of Seven economies also held Monday, Zelenskyy said Ukraine and the U.S. are “working productively” on an economic agreement that would help lock them together. Trump attended the meeting.

      “And, President Trump, we would really like to hear from you because all our people, all our families, are very worried. Will there be support from America? Will America be the leader of the free world?” Zelenskyy said. (AP) SCY SCY

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