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October 6, 2026
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Financial inclusion drives digital lending, insurance claim awareness, portal enrolment, and banking access for marginalised sections.
Banks were urged to expand brick-and-mortar branches and banking correspondent coverage in unbanked villages, strengthen digital outreach, and implement end-to-end digital loan processing. Working-capital lending for micro-enterprises through UPI-linked credit lines and credit cards was highlighted. Banks were also directed to increase awareness of insurance claim eligibility, exercise care in claim-related grievance handling, and enrol new PMJJBY and PMSBY beneficiaries through the Jan Suraksha portal.
October 6, 2026
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SME growth equity fund targets scalable enterprises, prioritising manufacturing and industrial clusters to strengthen investment, productivity and competitiveness.
Union Cabinet approval commits Rs.10,000 crore towards establishment of the SME Growth Fund as an Alternative Investment Fund framework for direct equity investment in small and medium enterprises. The initiative is intended to catalyse long-term, patient growth capital for SMEs and address the identified shortage of equity financing for enterprises beyond the early stage, where existing equity-support funds predominantly serve micro and early-stage businesses.
October 6, 2026
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Integrated transport planning framework establishes an SPV for national master planning, major-project appraisal, monitoring, and transport data analytics.
Integrated Transport & Logistics Authority will function as a special purpose vehicle for integrated transport and logistics planning, research, technical project appraisal, monitoring, policy support and data analytics. It will prepare a long-term National Transport Master Plan, assess sectoral and annual plans for alignment and multimodal integration, technically appraise and monitor specified major infrastructure projects, and undertake impact assessments. It will also maintain a unified transport data repository and support logistics-policy review, capacity building, training, skilling, research and innovation.
October 6, 2026
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Corporate social responsibility should shift from statutory compliance to needs-based, evidence-led collaboration with impact assessment and technology-enabled monitoring.
CSR is grounded in trusteeship and in companies' responsibilities to employees, communities and the environment, rather than shareholders alone. The framework includes the Unspent CSR Account, multi-year projects, certification of fund utilisation and impact assessment. CSR is intended to leverage corporate resources, technology and expertise, rather than merely supplement public expenditure. Needs-based project selection, community participation, need and social-impact assessment, implementing-agency capacity, resource pooling and technology-enabled monitoring are emphasised to move from compliance and spending towards evidence-based transformation.
October 5, 2026
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Financial stability requires targeted oversight and system-wide resilience against interconnected debt, leverage, cyber, technology, and cross-border shocks.
Financial stability is pursued by strengthening resilience rather than preventing every shock. The framework combines prudent regulation, risk-based supervision, stress testing, countercyclical macroprudential measures, targeted temporary liquidity assistance and resolution. Monetary policy remains directed to price stability, while financial-stability risks are addressed through regulatory, supervisory and macroprudential tools. System-wide resilience requires sound banks and NBFCs, reliable payment and technology infrastructure, robust data on interconnected exposures, scenario analysis, credible safety nets, and proactive proportionate oversight of cyber, model and third-party risks.
October 5, 2026
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Drug-abuse prevention awareness promotes informed refusal, resistance to peer pressure, community participation, drug-de-addiction pledges, and healthy drug-free lifestyles.
Drug-abuse prevention awareness in opium-cultivation areas focused on the harms of opium, cannabis and other illicit drugs, informed refusal at first exposure, resistance to peer pressure, and prevention of progression from use to dependence. Programmes for students, cultivators and residents used interactive sessions, campaign banners, community pledges, Gram Sabha participation and cleanliness drives to promote healthy drug-free lifestyles, community participation and collective action against addiction.
October 5, 2026
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WASH-focused social bond financing mobilises capital for safe water, sanitation and hygiene access in rural and underserved communities.
NABKISAN Finance Limited listed India's first social bond dedicated exclusively to water, sanitation and hygiene on the National Stock Exchange. The five-year issue raised Rs. 180 crore, carries an 8.10% coupon, matures in September 2031, and holds domestic AAA stable credit ratings. Proceeds are earmarked for safe water, sanitation and hygiene solutions in rural and underserved communities.
October 5, 2026
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NDPS Act drug-trafficking enforcement enabled seizures of amphetamine, cocaine and heroin through intelligence-led interceptions and concealed-consignment detection.
NDPS Act enforcement involved three intelligence-led operations addressing trafficking of amphetamine, cocaine and heroin. Searches of a vehicle's spare tyre, chocolate tubes in cabin baggage, and a backpack carried in a car-pooling taxi revealed concealed substances that tested positive through field-testing kits. The amphetamine, cocaine and heroin were seized, along with the vehicle in the amphetamine operation, and five persons were arrested under the NDPS Act, 1985.
October 3, 2026
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Multistate GST registration enables normal taxpayers to submit common information once for simultaneous State and UT applications.
Multistate Registration enables normal taxpayers seeking GST registration under the same PAN in more than one State or Union Territory to apply simultaneously. A Master TRN is generated after selection of the intended jurisdictions and must be submitted with Common Registration Information. Individual TRNs are then generated for each selected jurisdiction, with common information auto-populated and editable. Applicants must provide principal and additional places of business, State-specific information, and Aadhaar authentication.
October 3, 2026
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Private corporate CAPEX survey collects forward investment data through secure self-reporting while protecting enterprise-level confidentiality.
CAPEX 2026 collects information from selected large private corporate enterprises on past, provisional and intended capital expenditure across asset groups and sectors, including investment strategies, financing, green energy and robotics. Responses are self-compiled through a secure portal with bilingual and digital assistance. Complete, accurate and timely reporting supports validation and aggregate investment indicators. Individual enterprise information is protected through confidentiality safeguards, and unit-level CAPEX data are not disseminated.
October 3, 2026
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International trade negotiations training addressed WTO rules, dispute settlement, sustainability, trade remedies, digital trade, and services.
Trade-negotiation capacity-building introduced foundational trade theory and the WTO framework, followed by instruction on treaty interpretation, trade data and dispute settlement. Specialised sessions addressed trade remedies, rules of origin, non-tariff measures, intellectual property rights, digital trade and services. It also considered labour, environmental and sustainability issues, including carbon border adjustment and deforestation requirements, within an increasingly complex global trade environment.
October 3, 2026
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Food security safeguards distinguish transparent public stockholding measures from coercive trade actions within multilateral trade cooperation.
India maintains public stockholding, procures food from small and marginal farmers, and may adopt temporary, transparent measures during harvest shortfalls to preserve food availability and affordability. These food-security measures are identified as recognised within the WTO framework. A distinction is advanced between legitimate food-security interventions and coercive trade actions used to exert pressure on other countries. G20 Trade Ministers reached consensus on a statement addressing the weaponization of food through coercive trade actions and committed to continued cooperation.
October 3, 2026
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Insolvency resolution reform prioritises timely, value-maximising outcomes through technology adoption, mediation, and legislative responsiveness across the insolvency ecosystem.
The Insolvency and Bankruptcy Code seeks faster, value-maximising resolutions through legislative responsiveness, technology adoption and adherence to prescribed timelines. Reform priorities include reducing case-disposal delays, speeding consideration of resolution plans, revising admission thresholds, mediation and sector-specific carveouts. The framework is associated with creditor recoveries, rescue of viable businesses and changed debtor-creditor behaviour.
October 3, 2026
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Drug abuse prevention awareness promotes student education, peer outreach, and youth responsibility for a drug-free society.
Operation Jagriti promotes drug abuse and addiction awareness among students by addressing the harmful effects of substance use and practical prevention measures. Students are encouraged to avoid drugs, spread prevention awareness among peers and communities, and contribute responsibly to the Nasha Mukt Bharat objective of a drug-free India.
October 3, 2026
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Forced-labour border measures require verifiable evidence, due process and WTO consistency while preserving cooperation without unilateral trade action.
Global trade distortions should be addressed through WTO-consistent, evidence-based anti-dumping and countervailing measures, without restricting developing countries' policy space for industrialisation. Most-Favoured-Nation treatment, consensus decision-making, special and differential treatment, and a two-tier dispute-settlement system remain central to multilateral trade governance. Imports produced using forced labour are prohibited, while border measures must rely on specific, verifiable evidence, observe due process and WTO rules, and avoid presumptions concerning entire countries, regions or sectors.
October 3, 2026
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Export-led market access for Makhana expands overseas buyer linkages, supports higher producer returns, and promotes European market diversification.
Export-oriented market access for Bihar's Makhana is being expanded through a facilitated shipment of popped Makhana from Purnea to Greece. APEDA's support connects producers and exporters with international buyers and strengthens the export value chain. Higher price realisation than domestic selling prices indicates scope for improved producer returns, wider farmer and producer-group participation, and diversification into European markets. Export promotion is linked to a proposed Agri Export Policy and packhouse development.
October 3, 2026
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FPO-led export market access links processed food producers with global buyers and strengthens agricultural value-chain participation.
APEDA facilitated an FPO-led export of frozen food products to Canada by Aterna Foods Producer Company Limited, with support under its Financial Assistance Scheme. The export included frozen vegetables, sweet corn, samosa and other processed food products. Market-linkage initiatives connect Farmer Producer Organisations and Farmer Producer Companies with exporters and global buyers, promoting export-oriented value chains and integrating agricultural produce with processing and international markets.
October 3, 2026
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RELIEF timeline extension preserves credit-insurance support and premium protection for exporters facing West Asia maritime disruptions.
Component II of the RELIEF intervention extends operational timelines for exporters affected by West Asia maritime-logistics disruptions. It encourages eligible exporters to obtain ECGC cover for upcoming shipments to specified regions with 95% risk coverage. Benefits apply to qualifying Stand Alone Policies and Whole Turnover Policies, covering full container load, less than container load, and reefer containers, but excluding energy shipments. Eligible exporters' insurance premium cannot increase beyond the pre-disruption level during the relevant period.
October 3, 2026
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RoDTEP duty remission continues for eligible exporters, preserving existing rates and value caps through the extended period.
RoDTEP Scheme continuation is extended until 31 December 2026 for exports made by Domestic Tariff Area units, Advance Authorisation holders, Special Economic Zone units and Export Oriented Units. The scheme remits embedded, un-rebated Central, State and local duties, taxes and levies borne on exported products. Existing RoDTEP rates and value caps remain unchanged throughout the extension.
October 3, 2026
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Wildlife trafficking enforcement targeted unlawful possession, transport and proposed sale of ivory, leopard skin, pangolins and tiger parts.
Illegal wildlife trafficking operations addressed alleged possession, transportation, and attempted sale of elephant ivory, leopard skin, live pangolins, and tiger parts. Possession without licence and trade in elephant ivory or ivory articles are prohibited under the Wild Life (Protection) Act, 1972. Leopards, pangolins, tigers, and their body parts receive Schedule I protection, while pangolins are also listed in CITES Appendix I, prohibiting international trade. Recovered wildlife articles, live animals, and vehicles were transferred or seized for action by forest and specialised wildlife enforcement agencies.

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Customs & Trade

Trump's tariffs have launched global trade wars. Here's timeline of how we got here

April 11, 2025

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New York, Apr 11 (AP) Long-threatened tariffs from US President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.

Trump is no stranger to tariffs. He launched a trade war during his first term, taking particular aim at China by putting taxes on most of its goods.

Beijing responded with its own retaliatory tariffs on US products ranging from fruit to automotive imports.

Meanwhile, Trump also used the threat of more tariffs to force Canada and Mexico to renegotiate a North American trade pact, called the US-Mexico-Canada Agreement, in 2020.

When President Joe Biden took office, he preserved most of the tariffs Trump previously enacted against China, in addition to imposing some new restrictions — but his administration claimed to take a more targeted approach.

Fast-forward to today, and economists stress there could be greater consequences on businesses and economies worldwide under Trump's more sweeping tariffs this time around — and that higher prices will likely leave consumers footing the bill.

There's also been a sense of whiplash from Trump's back-and-forth tariff threats and responding retaliation seen over the last few months.

Here's a timeline of how we got here: January 20 Trump is sworn into office. In his inaugural address, he again promises to “tariff and tax foreign countries to enrich our citizens". And he reiterates plans to create an agency called the External Revenue Service, which has yet to be established.

On his first day in office, Trump also says he expects to put 25 per cent tariffs on Canada and Mexico starting on February 1, while declining to immediately flesh out plans for taxing Chinese imports.

January 26 Trump threatens 25 per cent tariffs on all Colombia imports and other retaliatory measures after President Gustavo Petro's rejects two US military aircraft carrying migrants to the country, accusing Trump of not treating immigrants with dignity during deportation.

In response, Petro also announces a retaliatory 25 per cent increase in Colombian tariffs on US goods. But Colombia later reversed its decision and accepted the flights carrying migrants. The two countries soon signalled a halt in the trade dispute.

February 1 Trump signs an executive order to impose tariffs on imports from Mexico, Canada and China — 10 per cent on all imports from China and 25 per cent on imports from Mexico and Canada starting February 4.

Trump invoked this power by declaring a national emergency — ostensibly over undocumented immigration and drug trafficking.

The action prompts swift outrage from all three countries, with promises of retaliatory measures.

February 3 Trump agrees to a 30-day pause on his tariff threats against Mexico and Canada, as both trading partners take steps to appease Trump's concerns about border security and drug trafficking.

February 4 Trump's new 10 per cent tariffs on all Chinese imports to the US still go into effect. China retaliates the same day by announcing a flurry of countermeasures, including sweeping new duties on a variety of American goods and an anti-monopoly investigation into Google.

China's 15 per cent tariffs on coal and liquefied natural gas products, and a 10 per cent levy on crude oil, agricultural machinery and large-engine cars imported from the US, take effect February 10.

February 10 Trump announces plans to hike steel and aluminum tariffs starting March 12. He removes the exemptions from his 2018 tariffs on steel, meaning that all steel imports will be taxed at a minimum of 25 per cent, and also raises his 2018 aluminum tariffs from 10 per cent to 25 per cent.

February 13 Trump announces a plan for “reciprocal” tariffs — promising to increase US tariffs to match the tax rates that other countries charge on imports “for purposes of fairness”.

Economists warn that the reciprocal tariffs, set to overturn decades of trade policy, could create chaos for global businesses.

Beyond China, Canada and Mexico, he later indicates that additional countries, such as India and European nations, won't be spared from higher tariffs.

February 25 Trump signs an executive order instructing the Commerce Department to consider whether a tariff on imported copper is needed to protect national security. He cites the material's use in US defence, infrastructure and emerging technologies.

March 1 Trump signs an additional executive order instructing the Commerce Department to consider whether tariffs on lumber and timber are also needed to protect national security, arguing that the construction industry and military depend on a strong supply of wooden products in the US.

March 4 Trump's 25 per cent tariffs on imports from Canada and Mexico go into effect, though he limits the levy to 10 per cent on Canadian energy. He also doubles the tariff on all Chinese imports to 20 per cent.

All three countries promise retaliatory measures. Canadian Prime Minister Justin Trudeau announces tariffs on more than USD 100 billion of American goods over the course of 21 days.

And Mexican President Claudia Sheinbaum says her country would respond with its own retaliatory tariffs on US goods without specifying the targeted products immediately, signalling hopes to de-escalate.

China, meanwhile, imposes tariffs of up to 15 per cent on a wide array of key US farm exports, set to take effect March 10. It also expands the number of US companies subject to export controls and other restrictions by about two dozen.

March 5 Trump grants a one-month exemption on his new tariffs impacting goods from Mexico and Canada for US automakers.

The pause arrives after the president spoke with leaders of the “Big 3” automakers — Ford, General Motors and Stellantis.

March 6 In a wider extension, Trump postpones 25 per cent tariffs on many imports from Mexico and some imports from Canada for a month. But he still plans to impose “reciprocal” tariffs starting on April 2.

Trump credited Sheinbaum with making progress on border security and drug smuggling as a reason for again pausing tariffs. His actions also thaw relations with Canada somewhat, although outrage and uncertainty remains.

Still, after its initial retaliatory tariffs of USD 30 billion Canadian (USD 21 billion) on US goods, the government said it had suspended its second wave of retaliatory tariffs worth USD 125 billion Canadian (USD 87 billion).

March 10 China's retaliatory 15 per cent tariffs on key American farm products — including chicken, pork, soybeans and beef — take effect. Goods already in transit are set to be exempt through April 12, per China's Commerce Ministry previous announcement.

March 12 Trump's new tariffs on all steel and aluminum imports go into effect. Both metals are now taxed at 25 per cent across the board — with Trump's order to remove steel exemptions and raise aluminum's levy from his previously-imposed 2018 import taxes.

The European Union takes retaliatory trade action promising new duties on US industrial and farm products. The measures will cover goods from the United States worth some 26 billion euros (USD 28 billion), and not just steel and aluminum products, but also textiles, home appliances and agricultural goods.

Motorcycles, bourbon, peanut butter and jeans will be hit, as they were during Trump's first term. The 27-member bloc later says it will delay this retaliatory action until mid-April.

Canada, meanwhile, announces plans to impose retaliatory tariffs worth Canadian USD 29.8 billion (USD 20.7 billion) on US imports, set to go into effect March 13.

March 13 Trump threatens a 200 per cent tariff on European wine, Champagne and spirits if the European Union goes forward with its previously-announced plans for a 50 per cent tariff on American whiskey.

March 24 Trump says he will place a 25 per cent tariff on all imports from any country that buys oil or gas from Venezuela, in addition to imposing new tariffs on the South American country itself, starting April 2.

The tariffs would most likely add to the taxes facing China, which in 2023 bought 68 per cent of the oil exported by Venezuela, per the US Energy Information Administration. But a number of countries also receive oil from Venezuela — including the United States itself.

March 26 Trump says he is placing 25 per cent tariffs on auto imports, a move that the White House claims would foster domestic manufacturing. But it could also put a financial squeeze on automakers that depend on global supply chains.

These auto imports will start being collected April 3 — starting with taxes on fully-imported cars. The tariffs are set to then expand to applicable auto parts in the following weeks, through May 3.

April 2 Trump announces his long-promised “reciprocal” tariffs — declaring a 10 per cent baseline tax on imports across the board starting April 5, as well as higher rates for dozens of nations that run trade surpluses with the US to take effect April 9.

Among those steeper levies, Trump says the US will now charge a 34 per cent tax on imports from China, a 20 per cent tax on imports from the European Union, 25 per cent on South Korea, 24 per cent on Japan and 32 per cent on Taiwan.

The new tariffs come on top of previously-imposed levies, including the 20 per cent tax Trump announced on all Chinese imports earlier this year.

Meanwhile, for goods from Canada and Mexico, the White House says USMCA-compliant imports can continue to enter the US duty free. Once the two countries have satisfied Trump's demands on immigration and drug trafficking, the White House adds, the tariff on the rest of their imports may drop from 25 per cent to 12 per cent.

April 3 Trump's previously-announced auto tariffs begin. Prime Minister Mark Carney says that Canada will match the 25 per cent levies with a tariff on vehicles imported from the US.

April 4 China announces plans to impose a 34 per cent tariff on imports of all US products beginning April 10, matching Trump's new "reciprocal” tariff on Chinese goods, as part of a flurry of retaliatory measures.

The Commerce Ministry in Beijing says it will also impose more export controls on rare earths, which are materials used in high-tech products like computer chips and electric vehicle batteries. And the government adds 27 firms to lists of companies subject to trade sanctions or export controls.

April 5 Trump's 10 per cent minimum tariff on nearly all countries and territories takes effect.

April 9 Trump's higher “reciprocal” rates go into effect, hiking taxes on imports from dozens of countries just after midnight. But hours later, his administration says it will suspend most of these higher rates for 90 days, while maintaining the recently-imposed 10 per cent levy on nearly all global imports.

China is the exception. After following through on a threat to raise levies against China to a total of 104 per cent, Trump says he will now raise those import taxes to 125 per cent “effective immediately” — escalating tit-for-tat duties that have piled up between the two countries.

China upped its retaliation prior to this announcement — vowing to tax American goods at 84 per cent starting April 10.

Canada's counter tariffs on auto imports also take effect. The country implements a 25 per cent levy on auto imports from the US that do not comply with the 2020 USMCA pact.

Meanwhile, EU member states vote to approve their own retaliatory levies on 20.9 billion euros (USD 23 billion) of US goods in response to Trump's previously-imposed steel and aluminum tariffs. The EU's executive commission doesn't immediately specify which imports it will tax, but notes its counter tariffs will come in stages — with some set to arrive on April 15, and others May 15 and December 1.

April 10 The White House clarifies that Trump's previously-announced 125 per cent figure for tariffs against China is actually 145 per cent, once his previous 20 per cent fentanyl tariffs are accounted for.

Separately, the EU puts its steel and aluminum tariff retaliation on hold for 90 days, to match Trump's pause on steeper “reciprocal” levies. European Commission President Ursula von der Leyen says the commission wants to give negotiations with the US a chance — but warns countermeasures will kick in if talks “are not satisfactory”. (AP) PY PY

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