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    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
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    All Indian exports of dual-use items comply with international obligations: MEA
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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
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.

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      Trump's Oval Office thrashing of Zelenskyy shows limits of Western allies' ability to sway US leader

      March 1, 2025

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      Washington, Mar 1 (AP) All it took was 90 seconds for weeks of tortured diplomacy to unwind in spectacular fashion.

      President Donald Trump's Oval Office thrashing of Ukraine's Volodymyr Zelenskyy on Friday laid bare the limits of a full-court press by America's allies aimed at reshaping Trump's determination to end Russia's invasion even if the terms are not to Ukraine's liking.

      It also stressed the profound ways Trump feels emboldened to redirect US foreign policy priorities toward his “America First” agenda in ways that extend well beyond those of his tumultuous first term.

      The sudden blowup was the most heated public exchange of words between world leaders in the Oval Office in memory, as the usual staid work of diplomacy descended into finger-pointing, shouting and eye-rolling.

      The encounter left the future of the US-Ukraine relationship, and Kyiv's ability to defend itself in the brutal conflict with Russia, in mortal jeopardy.

      “You either make a deal or we are out,” Trump told Zelenskyy, underscoring the American leader's plans to dictate a swift end to the war or leave its longtime ally to continue the fight without its strongest backer.

      The stunning episode capped a week of what turned out to be largely futile efforts by US allies to paper over differences between Washington and Kyiv and to try to steer Trump away from his flirtations with Moscow.

      On Monday, French President Emmanuel Macron huddled with Trump to lay the groundwork for an eventual European-led peacekeeping force in Ukraine aimed at deterring future Russian aggression and to encourage the US president to be more sceptical of Vladimir Putin.

      But even as Trump and Macron greeted each other with a vise-like grip, the US was splitting with its European allies at the United Nations by refusing to blame Russia for its invasion of Ukraine in a series of resolutions marking the three-year anniversary of the war.

      On Thursday, British Prime Minister Keir Starmer visited Washington and appealed to Trump for a US “backstop” for European nations who would provide front-line security for Ukraine.

      He was in essence looking for insurance that, should a peace deal be reached, Russia won't restart the fighting in the future. Starmer brought flattery and a state visit invitation from King Charles III to soften the ask.

      The approach seemed to work, as Trump struck a more conciliatory tone toward Ukraine, calling America's support for the country against Russia's invasion “a very worthy thing to do” and disclaiming any memory that he had called the Ukrainian leader a “dictator”.

      But Trump also brushed aside Putin's past broken diplomatic promises, claiming they occurred under different presidents, and saying the Russian leader had never violated a commitment to him.

      It came as his aides were planning a series of negotiating sessions with Russian officials to lay the groundwork for a potential meeting between Trump and Putin in the coming weeks.

      All the while, Trump was focused on securing a financial stake in Ukraine's critical minerals to recoup the tens of billions the U.S. has given to Kyiv to defend itself.

      Zelenskyy, meanwhile, wanted more than Washington's vague promises that the US would work to preserve its economic interest in Ukraine under the agreement and pushed for more concrete security guarantees.

      But Trump would not budge, and US officials repeatedly said Zelenskyy would not be welcome to meet with the president to discuss Trump's push for negotiations with Russia until it was signed.

      After weeks of browbeating, Zelenskyy's government on Wednesday formally agreed to the proposal, clearing the path for Friday's meeting.

      It started off cordially enough, as Trump and Zelenskyy spoke politely, even with admiration, of one of another for the first half-hour of the meeting. Trump even suggested he would continue some military assistance to Ukraine until he could secure an enduring peace deal with Russia.

      But when the Ukrainian leader raised alarm about trusting any promises from Putin to end the fighting, Vice President JD Vance rebuked him for airing disagreements with Trump in public. It instantly shifted the tenor of the conversation.

      Zelenskyy grew defensive, and Trump and his vice president blasted him as ungrateful and “disrespectful” and issued stark warnings about future American support.

      South Carolina Sen. Lindsey Graham, both a defense hawk and a strident ally of Trump's, said he had warned Zelenskyy ahead of the meeting “not to take the bait” in his dealings with Trump, who has repeatedly shown a penchant for throwing criticism but a deep resistance to receiving it.

      It was Vance — a longtime critic of American support for Ukraine — who dangled it, when he insisted diplomacy was the only pathway forward.

      “What kind of diplomacy, JD, you are speaking about?” Zelenskyy said, listing Russia's past violations of ceasefires. “What do you mean?” “I'm talking about the kind of diplomacy that's going to end the destruction of your country,” Vance responded before tearing into the Ukrainian leader. “President, with respect, I think it's disrespectful for you to come into the Oval Office to try to litigate this in front of the American media.” Trump then let loose, warning the Ukrainian leader, “You're gambling with World War III, and what you're doing is very disrespectful to the country, this country that's backed you far more than a lot of people say they should have.” At another point, Trump declared himself “in the middle”, seeming to formally break from years of American support for Ukraine. He went on to deride Zelenskyy's “hatred” for Putin as a roadblock to peace.

      “You see the hatred he's got for Putin,” Trump said. “That's very tough for me to make a deal with that kind of hate.” “It's going to be a very hard thing to do business like this,” Trump said to Zelenskyy as the two leaders talked over each other.

      The episode was just the latest instance of Trump's brazen moves to shift long-held American policy positions in his first six weeks back in office, portending even more uncertainty ahead for longtime American allies and partners who have already felt pressed to justify their place in Trump's eyes.

      It comes just weeks after Trump floated a permanent relocation of Palestinians in Gaza and an American takeover of the territory, and as he has doubled down on plans to put stiff tariffs on goods from Mexico and Canada starting next week.

      After the Oval Office dustup, Zelenskyy was asked to leave the White House by top Trump advisers — scrapping plans for a lunch, a joint press conference and the signing of the economic agreement, even as the Ukrainian leader and his aides pushed for a “reset” on the meeting.

      Trump later told reporters he didn't want to “embolden” the Ukrainian leader if he didn't want “peace” with Russia — flipping what Ukraine had seen as an inducement for security guarantees into a cudgel.

      “You can't embolden somebody who does not have the cards,” Trump said.

      After the disastrous encounter, Zelenskyy appeared on Fox News on Friday evening and told Bret Baier that his public spat with Trump and Vance was “not good for both sides”.

      But Zelenskyy said Trump — who insists Putin is ready to end the three-year grinding war — needs to understand that Ukraine can't change its attitudes toward Russia on a dime.

      Zelenskyy added that Ukraine won't enter peace talks with Russia until it has security guarantees against another offensive.

      “Everybody (is) afraid Putin will come back tomorrow,” Zelenskyy said. “We want just and lasting peace.” “It's so sensitive for our people,” Zelenskyy said. “And they just want to hear that America (is) on our side, that America will stay with us. Not with Russia, with us. That's it.” Zelenskyy acknowledged that without US support, his country's position would grow “difficult”.

      After repeatedly declining opportunities to apologise to Trump, Zelensky closed his Fox appearance with a sheepish expression of remorse as he struggled with the reality of Trump's new direction in Washington: “Sorry for this." (AP) PY PY

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