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    Colombian president asks Trump to suspend tariffs to help earthquake recovery
    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
    Europe emerges top destination for India's electric car shipments in Q1
    Govt sets LPG production targets for refiners; Reliance gets largest quota
    PM urges MSMEs to tap opportunities from FTAs
    PM urges farmers to adopt 'chemical-free farming' to tap rising global demand for such food items
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    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
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    August 16, 2026
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    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
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    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
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    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    August 15, 2026
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    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
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    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
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    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
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    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
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    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
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    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    August 15, 2026
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    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
    August 14, 2026
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    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
    August 14, 2026
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    Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
    The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
    August 14, 2026
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    Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
    Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
    August 14, 2026
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    Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
    India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
    August 14, 2026
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    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
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    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
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    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
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    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.

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      J&K Assembly passes Rs 9,953 cr grants for seven key departments

      March 24, 2025

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      Jammu, Mar 24 (PTI) The Jammu and Kashmir Assembly on Monday passed grants amounting to over Rs 9,953.08 crore for seven key departments, including agriculture and horticulture.

      The government is complementing its ongoing investments in infrastructure with a stronger emphasis on beneficiary-oriented schemes, ensuring that farmers directly benefit from targeted interventions.

      The grants, introduced by Minister for Agriculture Production Javid Ahmad Dar in the Assembly, included Rs 2,583.69 crore for the agriculture production department, Rs 1,228.99 crore for the animal and sheep husbandry department, Rs 225.24 crore for the fisheries department, Rs 4,754.85 crore for the rural development department, Rs 704.29 crore for the horticulture department, Rs 359.60 crore for the election department and Rs 96.42 crore for the cooperatives department.

      During discussions, Dar emphasized that agriculture and allied sectors are the backbone of Jammu and Kashmir’s economy, contributing Rs 37,559 crore, which accounts for 18 per cent of the State’s Gross Domestic Product (SGDP).

      "The horticulture sector leads the way, contributing 41 per cent of this amount, reaffirming J&K’s dominance in high-value fruit production," he told the house while replying to the grants of his departments. The livestock sector plays a crucial role, contributing 33 per cent to the economy, while core agricultural activities make up 25 per cent, demonstrating the region’s diverse and resilient agrarian economy," he added.

      Dar highlighted the government's focus on beneficiary-oriented schemes, ensuring that farmers receive direct benefits from targeted interventions.

      "One such initiative is the High-Density Plantation (HDP) scheme, which has already brought 836 hectares under high-density orchards, including 174 hectares covered in the current financial year. With a Rs 30 crore budget allocation for 2024-25, this initiative is driving higher productivity, increased farmer income, and long-term sustainability in the horticulture sector," he added.

      The minister said 3,220 dairy units were established in 2024-25 under the Integrated Dairy Development Scheme, generating employment for nearly 5,000 people. Similarly, 2,170 units were set up under the integrated sheep development scheme in the same period, he added.

      He said that agriculture in the UT is shifting from a produce-focused to a producer-centric approach. "There are 29 projects under HADP (Holistic Agriculture Development Programme), spanning all sectors within the agriculture production department, driving a fundamental transformation in J&K’s agri-economy".

      The minister highlighted significant strides in horticulture, particularly in the expansion of high-density (HD) plantations.

      "The government is developing rootstock banks and mother orchards to support the growth of HD plantations across 5,500 hectares under project 21 of HADP," he stated.

      During 2024-25, the government promoted protected cultivation, with 9,083 square meters already developed for rootstock production, he added. Additionally, 45 hectares have been designated as mother orchards, while 18.6 hectares are being cultivated for rootstock production.

      Dar also outlined a phased assistance disbursement plan to address setbacks in traditional orchards due to reduced farmer engagement post-financial support.

      He announced 50 per cent assistance will be given after plantation, 30 per cent will be provided upon sprouting and the final 20 per cent will be disbursed after one year, if survival reaches 90 per cent.

      The minister highlighted key achievements in the livestock sector and said that 191 satellite heifer-rearing units were established in 2024-25 to reduce dependence on animal imports and improve dairy animal quality in J&K.

      He said that 19 milk value-addition SHGs received Rs 25 lakh each, and 88 SHGs were equipped with automatic milk collection units linked to bulk milk coolers.

      Four breed-based farms (each housing 500 sheep) and 673 commercial sheep farms were established in 2024–25, he added.

      The government is importing 900 high-quality Texel and Dorper sheep from Australia to enhance meat production, he said.

      The minister said that 210 trout units, six Recirculating Aquaculture System (RAS) units, and eight biofloc units were set up in 2024-25 to boost fish production and promote sustainable aquaculture.

      The government is focusing on expanding irrigation infrastructure and improving water efficiency in rainfed areas.

      The District Irrigation Plan aims to cover 415,000 hectares of Culturable Command Area (CCA). So far, 191,000 hectares have been covered, with efforts underway to bring an additional 33,000 hectares under irrigation, he said.

      18 irrigation projects are in progress under UT Capex, and 14 new projects worth Rs 48.83 crore have been sanctioned, he said adding 20,102 hectares were brought under irrigation during 2024-25.

      Over the next three years, Rs 116.86 crore will be utilized to establish 200 community borewells, integrated with drip and sprinkler irrigation systems, enhancing agricultural productivity across 2,000 hectares, he said.

      Dar said that 21 lakh soil health cards have been issued under the Soil Health Card (SHC) Scheme.

      There are 37 mandis, with 24 fully operational and the remaining 13 in various stages of development, he said. In 2024-25, 9.44 lakh quintals of agricultural and horticultural produce worth Rs 594 crore were traded through e-NAM, compared to 6.55 lakh quintals worth Rs 416 crore in 2023-24, he added.

      The Jammu & Kashmir Competitiveness Improvement Project (JKCIP) is being launched with support from the International Fund for Agricultural Development (IFAD), he said.

      He said that the introduction of the rail network in Kashmir will be a game-changer for apple growers, significantly reducing freight costs and improving profitability.

      Four new Agri-Mandis will be established in Samba, Reasi, Kishtwar, and Bandipora, supported by a Market Intelligence Cell and Agri Branding Centers to boost J&K''s global market presence, he added.

      The minister highlighted achievements in housing, employment, and sanitation and said that under PMAY 2.0, over 3.36 lakh beneficiaries have been surveyed across 20 districts and 23.59 lakh registered workers are actively engaged in meaningful work under MGNREGA.

      J&K has achieved 100 per cent Open Defecation Free (ODF+) status under Swachh Bharat Mission-Grameen (SBM-G) Phase I & II, he added.

      Regarding the J&K Rural Livelihood Mission (JKRLM) – UMEED, the minister noted that over 90,000 Self-Help Groups (SHGs) have been formed, empowering rural women entrepreneurs.

      Dar emphasized that the government is working to transform J&K’s agricultural sector, aiming to increase its contribution to State Gross Geographical Product (SGGP) from Rs 37,559 crore to Rs 1 lakh crore in the next five years..

      “We are accelerating our march towards 5,500 hectares under high-density fruit plantations. For 2025–26, we are making a historic Rs 70 crore allocation—the highest ever—to modernize orchards, boost productivity, and increase farmers'' incomes,” he said. PTI AB MR MR

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