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    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
    Compounded annual growth rate of Manufacturing GVA at constant prices (2022-23 base) as per revised series during 2022-23 to 2025-26 is 10.88%
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    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.
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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.
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    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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    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
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    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
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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.
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    EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
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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.
    August 13, 2026
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    Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
    Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.

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      Customs & Trade

      Trump's transactional approach to diplomacy driving force on world stage

      March 9, 2025

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      Washington, Mar 9 (AP) Donald Trump, the real estate developer turned commander in chief, is laying bare his style of diplomacy in the early weeks of his new term: It's a whole lot like a high-stakes business deal, and his No. 1 goal is to come out of the transaction on top.

      The tactics are clear in his brewing trade war with Canada and Mexico, in his approach to Russia's war on Ukraine and in his selection of the first country he will visit in his second term.

      “President Trump approaches diplomacy and engages in a very transactional manner, with economics as the foundation and driving force behind international affairs," retired Lt. Gen. Keith Kellogg, the president's special envoy to Ukraine and Russia, explained at an event in Washington this past week.

      For Trump, it's about leverage, not friendship; dollars as much as values; and hard power versus soft.

      It's not just a matter of negotiating style. At stake is the post-World War II international order as Trump's actions raise doubts about American leadership around the globe.

      He's shaping a foreign policy that's more inward looking and conscious of the bottom line, dismissing American soft-power levers such as the US Agency for International Development as dubious and riddled by waste and suggesting that the United States might not defend fellow NATO members that aren't meeting defence spending benchmarks set by the alliance.

      Politics and presidents to a certain degree are all transactional. But Trump, who helped make himself a household name by burnishing an image as an intrepid real estate dealmaker, is taking it to another level as he navigates an increasingly complicated world.

      The Republican president, in his previous life as a real estate titan, saw every deal as one in which there were clear winners and losers. In his return to the White House, he is more demonstrably injecting a what's-in-it-for-me approach to his dealings with both friend and foe.

      Money talks Edward Frantz, a University of Indianapolis historian who has studied the American presidency, said Trump's “ledger” approach might not be the most practical way to conduct diplomacy.

      Frantz observed that Trump, 78, a baby boomer and football fan, seems inspired in his foreign policymaking by the ethos of legendary pro football coach Vince Lombardi, who famously said, “Winning isn't everything. It's the only thing.” “But diplomacy, especially in a more complicated world, might be more like soccer,” Frantz said. "Sometimes you just need a tie. Sometimes you need to just survive and move on.” Trump on Thursday told reporters that he has decided to make Saudi Arabia the first overseas visit of his new term because the oil-rich kingdom has agreed to make a huge investment in the United States over the next four years.

      “They've gotten richer, we've all gotten older. So I said, 'I'll go if you pay a trillion dollars, USD 1 trillion to American companies,'” Trump said. He also made the kingdom his first overseas stop during his first White House term after the Saudis promised USD 450 billion in US investment.

      Trump acknowledged that the United Kingdom, one of America's oldest allies, has traditionally been the first stop for US presidents. But money talks.

      Who has the cards' matters to Trump In his dealings with Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin, Trump has highly focused on who has the leverage. Putin has “the cards” and Zelenskyy does not, Trump has said repeatedly.

      Zelenskyy appeared to be making some strides in assuaging Trump after their recent rocky meeting in the Oval Office ended with Trump and Vice President JD Vance criticising the Ukrainian leader for what they said was insufficient gratitude for the tens of billions of dollars in US assistance provided in the three years since Russia invaded.

      Zelenskyy said later that how that meeting went down was “regrettable".

      He also made clear he was ready to sign off on a minerals deal with the US — even without the explicit American security guarantees sought by the Ukrainians — that Trump wants.

      In his Tuesday address before a joint session of Congress, Trump acknowledged Zelenskyy's fence-mending efforts. Trump also announced plans to send top advisers to Saudi Arabia this week for talks with Ukrainian officials.

      But soon Trump was back to criticizing Zelenskyy, saying he does not have the leverage to keep fighting the war with Russia.

      “I'm finding it more difficult, frankly, to deal with Ukraine, and they don't have the cards,” Trump said. “In terms of getting a final settlement, it may be easier dealing with Russia, which is surprising, because they have all the cards." Trump departs from years of US scepticism toward Russia Trump's push on Zelenskyy — and pivot toward Moscow — marks a significant departure from traditional US foreign policy toward Russia since the Cold War.

      Others before Trump, including Presidents Bill Clinton, George W. Bush and Barack Obama, have tried resets with Russia, but perhaps never at a time as fraught. Deep scepticism toward Moscow, even in the best moments in the relationship, has been the standard operating posture in both Republican and Democratic administrations.

      But Trump, who ran on a promise to quickly end the war, has veered from Democratic President Joe Biden's approach of making no major decision that could impact Ukraine without Kyiv's involvement.

      At the same time, the new Republican administration has taken steps toward a more cooperative line with Putin, for whom Trump has long shown admiration.

      Trump has ordered a pause on U.S. military aid for and intelligence-sharing with Kyiv, halted offensive cyberoperations against Russia by US Cyber Command and disbanded a programme aimed at seizing the assets of Russian oligarchs as a means to punish the Kremlin for its invasion.

      Keeping an eye on the ledger Kellogg, who also served in Trump's first White House, recalled seeing Trump's “transactional diplomacy approach” early in the first term. Kellogg said that the president's first question in meetings with foreign leaders was often the same.

      "As I found the very first time we were in the Cabinet room when a foreign official came in, the comment was, 'What is the trade imbalance between our two nations?" Kellogg recalled, speaking at the Council on Foreign Relations event.

      The trade ledger has been top of mind for Trump as he argues that for too long America has been played by friends and adversaries, including neighbours Canada and Mexico.

      Trump last week announced 25 per cent tariffs on many imports from Mexico and some imports from Canada amid widespread fears of the economic fallout from a broader trade war. He then postponed most of them.

      The White House insists the pending tariffs are about stopping the smuggling of fentanyl. Trump has also at times suggested that the tariffs could be resolved by fixing the trade deficit.

      The president on Friday was back to excoriating Canada, this time complaining about policies he said are hurting American dairy farmers and the lumber industry. He said he will act soon to even the ledger with Canada through reciprocal tariffs.

      "Canada has been ripping us off for years on lumber and on dairy products,” Trump said.

      Canadian Prime Minister Justin Trudeau, whom Trump has taken to belittling as the governor of America's 51st state, said his country will not be backing down from Trump's trade war.

      The episode has underscored Trump's willingness to embrace hard power to resolve differences, even if it means testing one of the world's most durable and amicable alliances.

      The centre-left Trudeau was so flummoxed by Trump's move that he found himself quoting the sharply conservative Wall Street Journal editorial page to make the point that this fight was unnecessary.

      “It's not in my habit to agree with the Wall Street Journal," Trudeau said. "But Donald, they point out that even though you're a very smart guy, this is a very dumb thing to do.” (AP) PY PY

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