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    Onion growers welcome agri market near Vadhvan port, urge govt to develop Nashik as export hub
    Vizhinjam port to begin full EXIM operations from Aug 18
    Union Minister of Commerce and Industry Shri Piyush Goyal Engages with Leading Finnish Technology and Industrial Companies to Deepen India–Finland P...
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    July 18, 2026
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    Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
    Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
    July 18, 2026
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    EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
    Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
    July 18, 2026
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    India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
    India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
    July 18, 2026
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    Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
    Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
    July 17, 2026
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    Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
    A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.
    July 17, 2026
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    Foreign exchange market movement strengthens the rupee as equity gains and possible central-bank support offset oil-price pressure.
    Foreign exchange market movement saw the rupee appreciate against the US dollar, supported by positive domestic equity-market performance, lower US Treasury yields and reported possible central-bank intervention. Elevated West Asia tensions, higher global crude-oil prices and cautious foreign investment flows continued to pressure the currency. Market attention remained focused on global developments, crude-oil movements and foreign institutional investment activity, alongside an increase in foreign-exchange reserves.
    July 17, 2026
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    E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
    A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
    July 17, 2026
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    Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
    Proposed trade tariffs on purchases of Russian oil would target specified countries, including India and China, while exempting European purchasers of Russian gas. Separately, tighter United States visa regulations for international students, exchange visitors and journalists would end a long-standing arrangement allowing indefinite residence without government oversight. The reported changes may materially affect foreign nationals, including Indian nationals, through differentiated trade treatment and enhanced immigration compliance requirements.
    July 17, 2026
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    Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
    The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.
    July 17, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold, Special Drawing Rights and IMF reserve position increased.
    Foreign exchange reserves increased during the reporting week, principally because foreign currency assets rose. Reserve components include foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. Foreign currency assets, expressed in dollar terms, reflect valuation effects arising from movements in non-US currencies held in the reserves. Gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund also increased.
    July 17, 2026
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    Rupee exchange-rate movement stabilised after possible central bank intervention, while oil prices and foreign fund flows sustained pressure.
    The rupee strengthened against the US dollar following four declining sessions, reportedly amid possible Reserve Bank of India intervention. Elevated West Asia tensions, higher crude-oil prices and cautious foreign fund flows continued to weigh on the currency, despite consolidation in the absence of major domestic triggers. Market participants were expected to monitor global developments, crude-oil movements and foreign institutional investor activity for the next directional move.
    July 17, 2026
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    Revised Index of Core Industries adopts a new base year, adds Iron Ore, and aligns production measurement methodology.
    The revised Index of Core Industries adopts 2022-23 as its base year and replaces the 2011-12 series. Its weights are derived from the 2022-23 Index of Industrial Production and redistributed pro rata to total 100. Iron Ore is added as a core industry, expanding the basket to nine industries. The Steel Index will use gross production data for consistency with the Index of Industrial Production. In the Coal sector, only Raw Coal is retained; Coal Middlings and Washed Coal are excluded to prevent double counting.
    July 17, 2026
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    Sustainability reporting discipline requires credible disclosures, board-level integration, data assurance and proportionate ESG implementation across business value chains.
    ESG-led responsible business conduct requires sustainability disclosures that are relevant, comparable, evidence-based and verifiable, supported by reliable systems, internal controls, documentation, traceability and independent examination. Sustainability should be integrated into board-level decision-making, fiduciary responsibilities, risk management and long-term enterprise value. Stronger governance, accountability and data-assurance frameworks are needed to address greenwashing, with proportionate reporting, technology and capacity-building supporting implementation across value chains and MSMEs.
    July 17, 2026
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    Promoter shareholding increase through market purchases remains within creeping acquisition limits and signals confidence in long-term growth prospects.
    Promoter and promoter-group shareholding in Reliance Industries Ltd increased by nearly 0.5 percentage points through market purchases during the June quarter. The purchases were reported to be within SEBI creeping acquisition limits, allowing gradual promoter acquisitions without triggering a mandatory open offer where prescribed thresholds are met. The increase may strengthen promoter control and marginally reduce public float, and was characterised as reflecting confidence in long-term growth, earnings trajectory and capital-allocation plans.
    July 17, 2026
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    Tariffs on Russian oil purchasers would target sanctions evasion, with reassessment mechanisms and limited energy-sector exemptions proposed.
    Proposed United States Senate legislation would impose mandatory tariffs on imports from leading purchasers of Russian oil or gas and leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustments, while exempting qualifying countries reducing Russian gas imports. Russian uranium purchases for specified nuclear and medical needs, and certain nuclear and space cooperation activities, would be excluded.
    July 17, 2026
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    Foreign currency non-resident deposits enable overseas Indians to invest foreign earnings while supporting India's foreign-exchange reserves.
    Foreign Currency Non-Resident deposits allow Non-Resident Indians and Persons of Indian Origin to maintain overseas earnings as foreign-currency fixed deposits with Indian banks without conversion into Indian rupees. Banks may offer enhanced interest rates for a limited period under an initiative intended to strengthen foreign-exchange reserves and support the rupee. The framework covers the investment process, regulatory requirements, taxation aspects and advantages for eligible overseas investors.
    July 17, 2026
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    GST compliance management integrates reconciliation, input tax credit support, invoicing and statutory monitoring within an AI-powered enterprise platform.
    The unified cloud platform combines accounting, manufacturing, inventory, procurement, human resources, payroll, compliance, reporting and document management with an embedded AI agent. Its compliance functions include GST validation, purchase-register reconciliation with GSTR-2B, input tax credit support, supplier filing-gap detection, e-invoicing, e-way bills, TDS and statutory due-date tracking. Financial and operational workflows are intended to use common real-time data, with automation for invoices, journal entries, reconciliations, reporting, workflow approvals and compliance-risk monitoring.
    July 17, 2026
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    Institutional trade cooperation expands through industry MoUs, supporting investment, innovation and technology partnerships across strategic economic sectors.
    Bilateral trade and investment cooperation was advanced through ministerial discussions and industry engagements concerning financial markets, innovation, enterprise financing and commercial relations. Two institutional Memoranda of Understanding established mechanisms for industry collaboration and greater business engagement. Sector-specific interactions covered digital and frontier technologies, space, clean energy, bioeconomy, circular economy, infrastructure and advanced manufacturing, focusing on collaboration, investment and technology partnerships.
    July 17, 2026
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    Codex spice standards harmonise quality benchmarks for cardamom, coriander and vanilla, supporting trade consistency, market access and export competitiveness.
    Codex standards for large cardamom, coriander and vanilla establish harmonised international quality benchmarks following review by relevant committees on analytical methods, food additives and food labelling. The standards are intended to promote consistent quality requirements, facilitate trade, improve market access and support export competitiveness. India was also accepted as Co-Chair of an Electronic Working Group developing policy guidance on risk analysis for new food products.
    July 17, 2026
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    Export readiness for MSMEs strengthens global market access through trade intelligence, standards compliance, preferential origin rules and trade remedy awareness.
    Export readiness for Indian MSMEs is supported through practical guidance on identifying export opportunities, market-access requirements, trade intelligence tools, international standards, sustainability requirements and buyer identification. International expansion strategies include using preferential Rules of Origin and cooperation mechanisms under Free Trade Agreements, selecting export destinations, product positioning, diversification and value addition. Trade remedy awareness and guidance on unfair trade practices and import surges, together with institutional support, partnerships and trade-exhibition participation, can strengthen global competitiveness and integration into global value chains.

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      Natural Resources Defense Council (NRDC) Hosts Global Forum on Heat & Cooling Solutions in India

      March 19, 2025

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      Global leaders urged greater collaboration in advancing solutions to tackle climate change New Delhi, Delhi, India (NewsVoir) The Global Heat & Cooling Forum, organized in partnership with National Disaster Management Authority (NDMA), Department of Science and Technology (DST) and The World Bank Group by the NRDC, concluded today in New Delhi after two days of solution-driven deliberations, discussions on partnership opportunities, and sharing commitments to build climate-resilient communities and to accelerate sustainable cooling solutions. The Forum brought together government officials at the national and state level, policymakers, academics, climate practitioners, civil society and media to address the tackling of extreme heat and sustainable cooling as interconnected issues.

      Addressing the forum in his Keynote address, Dr. Chandra Sekhar Pemmasani, Hon’ble Minister of State for Rural Development and Communication, said, “Heat is not just a climate issue. It is a humanitarian crisis. Promoting energy efficient cooling systems and prioritizing vulnerable communities will enable India to build a cooler, more sustainable and resilient future.” The minister highlighted the importance of embracing both innovation and traditional knowledge systems, such as millet farming, water tanks, and clay homes, which have enabled rural communities to adapt to extreme heat. “Our policies must learn from these practices to create scalable, equitable solutions for a warming world,” he added.

      Recognizing India’s diverse climatic contexts and increasing vulnerability to extreme heat, the forum centered on three strategic pillars: driving scalability of sustainable heat and cooling solutions, ensuring equitable access to thermal comfort for all and protecting communities from extreme heat. With India and the world facing increasing extreme heat events and growing cooling demands, the Forum served as a crucial platform for multi-stakeholder collaboration in aligning policy, technology, and financing to drive equitable climate-resilient solutions.

      Speaking at the event, Abhas Jha, Practice Manager, Climate Change and Disaster Risk Management, South Asia Region, The World Bank, said, “India's heat burden will triple over this decade, even in a moderate heat scenario, as underlined by rising heatwaves and temperatures year-on-year. This is exacerbated by the high climate cost of cooling. India's response, in the form of the India Cooling Action Plan and Heat Action Plans, is commendable. However, we now must prioritize proactive, preventive and multisectoral solutions to addressing heating more equitably." A central theme of the forum was ensuring that low-income and marginalized communities have access to affordable and effective cooling solutions. Discussions underscored the importance of policy alignment, industry innovation, and financing partnerships to scale cooling interventions across India towards this objective. Moving beyond short-term relief, experts stressed the need for long-term resilience strategies, equitable access to cooling, and sustained investment. Treating heat as a structural development challenge requires proactive leadership, community-driven action, and data-informed solutions at all levels.

      Manish Bapna, President & CEO, NRDC, reinforced the commitment to work on these two issues synergistically, stating, "Addressing the twin, deeply interlinked crises of extreme heat and sustainable cooling requires bold and collective action, guided by equity and scalability. We must ensure that the most vulnerable communities—those disproportionately affected by climate change—have access to equitable and sustainable cooling solutions. This forum showcases how collaboration across governments, industries, and civil society can drive systemic change, advancing India’s climate goals while safeguarding public health and protecting our most vulnerable populations.” Hosted at Bharat Mandapam on March 17 and at The Imperial on March 18, Day 1 explored the interconnected nature of tackling extreme heat and sustainable cooling. Climate experts including Radhika Khosla, Associate Professor, University of Oxford; Roxy Mathew Koll, Climate Scientist, Indian Institute of Tropical Meteorology; Joy Shumake-Guillemot, Lead, WHO/WMO Joint Office for Climate and Health; and Amit Prothi, Director General, Coalition for Disaster Resilient Infrastructure, discussed the Heat-Cooling Paradox—where rising temperatures drive greater demand for cooling, but reliance on inefficient and non-renewable energy solutions further exacerbates climate change; intensifying heat stress. The session highlighted strengthening governance frameworks—from the national to local level —and multi-stakeholder partnerships as key to comprehensive and localiszed Heat Action Plans.

      The day concluded with insights from Saurabh Kumar, Vice President, India, Global Energy Alliance for People and Planet; Dr. Aakash Srivastava, Additional Director, National Program on Climate Change and Human Health, National Centre of Disease Control Ministry of Health and Family Welfare, Government of India; Sujata Saunik, Chief Secretary, Government of Maharashtra; Sandra Akua Akpene Adayemi Freitas, CEO, Sustainable Solutions for Africa; and Gaya Prasad, Deputy Director General (Rural Housing), Ministry of Rural Development, Government of India, on empowering local communities and driving policy alignment to bolster resilience.

      Day 2 shifted focus to practical solutions and financing mechanisms, addressing equitable access to cooling, exploring passive cooling technologies, and nature-based solutions. Prof. Kristie Ebi, Center for Health and the Global Environment (CHanGE); University of Washington; Dr. Ronita Bardhan, Cambridge University; Melanie Slade, Senior Programme Manager, International Energy Agency; Shruti M. Deorah, Executive Director, India Energy & Climate Center (IECC) and Goldman School of Public Policy, University of California, Berkeley emphasized the economic and health impacts of extreme heat, particularly on vulnerable communities.

      Safi Ahsan Rizvi, Advisor, National Disaster Management Authority, NDMA; Aaran Patel, Executive Director, Climate, The Nand & Jeet Khemka Foundation; Deepak Singh, Lead Disaster Risk Management Specialist at The World Bank; Nidhi Upadhyaya, Deputy Director for Global Policy and Finance, Climate Resilience Center, Atlantic Council; and Sandeep Jain, Chief Financial Officer, Bajaj Finance Limited highlighted scalable financing models to support heat resilience efforts, with case studies showcasing successful funding mechanisms in the Global South. Their session concluded with insights from Daniel P Schrag, Professor, Harvard Department of Earth, on effective communication and storytelling, reinforcing the need for community engagement and sustained investment in climate resilience.

      Building on the momentum of the Forum, NRDC, NDMA, DST and The World Bank will work on a follow up consultation with national and state stakeholders to provide advice and support the development and implementation of integrated solutions to the dual challenges of extreme heat and sustainable cooling, based on ideas that evolved from the March 2025 Global Heat and Cooling Forum.

      About NRDC NRDC (Natural Resources Defense Council) is an international non-profit environmental organization with more than 3 million members and online activists. Since 1970, our lawyers, scientists, and other environmental specialists have worked to protect the world’s natural resources, public health, and the environment. NRDC’s India Program on Climate Change and Clean Energy, launched in 2009 and registered as an independent organization in 2022, works with local partners to help build a low-carbon, sustainable economy.

      www.nrdc.org X: @NRDC About the Global Heat & Cooling Forum The Global Heat & Cooling Forum aims to convene key stakeholders from government, industry, academia, and non-governmental organizations to explore practical strategies for addressing the global challenge of securing much broader protection from extreme heat through sustainable cooling solutions.

      For Hindi press release, please click here.

      (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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