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    APEDA Facilitates Export of GI-Tagged Gulbarga Tur Dal from Karnataka to Maldives
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September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.
September 25, 2026
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Credit health assessment combines score, repayment history, utilisation, accounts and enquiries to support informed borrowing and profile monitoring.
Credit health is broader than a numerical credit score and encompasses the way credit has been managed over time. Credit analysis requires a combined review of the score, repayment history, credit accounts, credit utilisation, credit history and credit enquiries. A credit report may identify management of EMIs and credit-card dues, existing borrowing obligations, use of revolving credit relative to available limits, and recent lender checks associated with credit applications. Incorrect or unfamiliar entries may be reviewed and, where necessary, raised with the relevant lender or credit bureau.
September 25, 2026
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Fuel-price mitigation measures use tax reductions, targeted subsidies and energy-security policies to ease pressure on households and energy-intensive industries.
European fuel-price intervention combines targeted subsidies, fuel-tax reductions, temporary regulatory flexibilities and energy-security investment to moderate the economic effects of sharply higher gasoline and diesel prices caused by disrupted supplies. Member States have temporary discretion to grant state aid to households and energy-intensive sectors, including agriculture, transport and fishing, and limited flexibility under EU spending rules for investments that improve energy security and reduce dependence on imported fossil fuels.
September 25, 2026
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AI management certification anchors responsible lifecycle governance, transparency, accountability, security, and human oversight for agentic loyalty systems.
ISO/IEC 42001:2023 certification applies to an Artificial Intelligence Management System governing AI development, deployment, oversight and continual improvement within the GRAVTY platform. The framework supports AI-related risk management, responsible governance, transparency, accountability, security and human oversight throughout the AI lifecycle. Its scope includes supervised and unsupervised learning models and large language models supporting personalised engagement, fraud management, loyalty intelligence, autonomous decision-making, operational automation and workflow support.
September 25, 2026
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Digital warehousing controls propose electronic tracking, secure transport, monthly returns, and risk-based compliance verification for warehoused goods.
Draft Warehousing Operations Regulations, 2026 would require public and private warehouse licensees to use the electronic portal and a digital warehouse management system for receipt, storage, transfers, removals and accounting of warehoused goods. Transport would generally require a one-time-lock and transit-risk insurance, subject to specified exemptions. Licensees would verify locks and goods, report discrepancies, maintain auditable electronic records, submit monthly returns, and permit removals for home consumption or export only upon electronic clearance orders. Non-confirmation, discrepancies and contraventions would trigger information demands, risk-based verification and action under the Customs Act.
September 25, 2026
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Technology risk governance requires banks to retain accountability, test resilience, and govern artificial intelligence before scaling financial services.
Technology risk governance must treat technology architecture as a first-order enterprise risk, alongside conventional financial risks, because the availability and integrity of core banking, payments, onboarding, credit, fraud-monitoring and reporting systems determine whether customers can access essential financial services. Banks may outsource technology functions but retain accountability for access controls, concentration, recoverability, data protection and exit options. Effective resilience requires secure architecture, asset visibility, timely remediation of vulnerabilities and legacy systems, identity and access management, effective controls, third-party oversight, post-incident learning, and regular recovery testing.
September 25, 2026
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Global value chain integration advances trade partnerships, semiconductor capacity, and deep-tech innovation within broader economic engagement.
India's global economic engagement prioritises trade and economic partnerships to strengthen participation in global value chains and supply chains, facilitating cross-border movement of goods and services. The approach is linked to projected semiconductor demand and development of artificial-intelligence capabilities, alongside innovation, deep-tech startup support and private-sector space activity. The startup ecosystem is described as having expanded substantially, with current policy emphasis on deep-tech innovation and participation in global markets.
September 25, 2026
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Trade agreement review targets balanced, user-friendly, trade-facilitative rules to address asymmetries and strengthen regional commerce.
The ongoing review of the ASEAN-India Trade in Goods Agreement seeks to enhance trade flows, address trade asymmetries, and deliver a balanced, effective, user-friendly, and trade-facilitative arrangement for businesses. It forms part of India's commitment to mutually beneficial trade partnerships and regional trade arrangements.
September 24, 2026
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Portfolio management reforms broaden permitted investments, establish independent fund managers, and retain registered managers' responsibility for client portfolios.
Portfolio-management reforms replace the 2020 framework and expand investments into IPOs, primary-market debt, listed overseas equity and debt, and direct plans of Indian mutual fund schemes. Investment-grade unlisted non-convertible debt may comprise up to 10 per cent of client assets under management with client consent. Independent Fund Managers may operate with registered portfolio managers, which retain responsibility and liability. Accredited-investor eligibility is broadened, while specified compliance requirements are relaxed where adequate audit trails and internal controls exist.
September 24, 2026
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Merchant discount rate on UPI merchant payments may be treated as a taxable payment settlement service with input credit availability.
GST treatment of MDR charged on UPI merchant payments above Rs 2,000 is to be considered by the GST Council. The MDR framework imposes a merchant-borne charge for payment processing and settlement. As these activities are services, MDR may attract GST at 18 per cent, subject to the Council's view. Merchants paying GST on MDR may claim input tax credit, potentially reducing their net tax burden.
September 24, 2026
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Fiscal responsibility limits frame cautions on new projects as budgetary discipline rather than financial crisis.
Finance-department advice treats fiscal indicators as grounds for restraint in approving additional expenditure rather than as evidence that funds are unavailable. Funding new projects may be difficult until additional resources are mobilised or allocations already approved are reallocated. Project proposals lacking budgetary provision or earmarked funding may create cash-flow pressures and fiscal-management challenges, requiring deferment until resources are finalised.
September 24, 2026
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Corporate document forgery allegations trigger investigation into unauthorised insolvency consortium participation and disputed share transfers.
An FIR concerns alleged cheating, forgery, criminal conspiracy, corporate-document misuse, and unauthorised financial liabilities arising from participation in a corporate insolvency resolution process. Allegations include entering a consortium arrangement without the Parekh Group's knowledge or authorisation, reliance on a fabricated and unapproved board resolution, and unauthorised transfer of shares to a group-controlled entity. Investigation covers disputed-record authenticity, alleged digital-signature misuse, and financial transaction trails.

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Customs & Trade

Dy PM Tajani's visit marks 'important milestone' in Italy-India ties; tech, innovation came in focus

April 15, 2025

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New Delhi, Apr 15 (PTI) The recent visit of Italian Deputy Prime Minister Antonio Tajani to India marked an "important milestone" in Italy-India ties, bolstering bilateral cooperation in a range of areas including trade and investment, science and technology, and innovation.

The Italian Embassy in New Delhi in a statement shared some of the high points of the visit from April 11-12, including the signing of a raft of agreements and Tajani's meeting with Indian leaders during which he expressed commitment to work towards strengthening and expanding the foundations of the strategic partnership between the two countries.

"The visit to New Delhi by Deputy Prime Minister and Minister of Foreign Affairs Antonio Tajani and Minister for University and Research Anna Maria Bernini, which concluded on April 12, marked an important milestone in the relationship between Italy and India and in the implementation of the joint Strategic Action Plan signed by Prime Ministers Meloni and Modi last November," it said.

During his visit, Tajani had called on President Droupadi Murmu and met External Affairs Minister S Jaishankar.

"Italy and India are united by deep bonds of friendship, shared values, and a close political dialogue. My commitment is to work towards strengthening and expanding the foundations of the strategic partnership between our countries," Tajani said during his meeting with President Murmu.

At the heart of the visit was the intensification of political dialogue -- with numerous institutional visits already carried out or planned -- and economic and scientific cooperation, with a strong emphasis on innovation, said the statement dated April 14.

"India plays a crucial role in global affairs," Tajani noted during political consultations with Foreign Minister Jaishankar.

"It is a strategic market for our businesses and exports. It is at the core of the Export Plan I recently launched. Both of us are key players in the IMEC initiative, the India-Middle East-Europe Economic Corridor, of which India and Italy, with the port of Trieste, are natural terminals," the Deputy Prime Minister was quoted as saying in the statement.

Tajani had also recalled the many visits of Italian Navy units to Indian ports -- with two more planned between May and June -- as a demonstration of the attention given to the Indo-Pacific, the Embassy said.

He highlighted the "appointment of Ambassador Talo' as the Special Envoy for IMEC" and announced the organisation of a summit in Trieste with the foreign ministers of the countries involved in the project.

On the science, research, and technology front, another key pillar of the bilateral partnership, the Italian Deputy Prime Minister had announced a "strengthening of the Italian team in India".

A space attaché will be assigned to the Embassy in Delhi to ensure continuity in space dialogue between governments. A second science attaché will take office at the Consulate General in Bengaluru.

The Italian Ministry of Foreign Affairs and the Indian Department of Science and Technology signed the 2025-2027 Executive Protocol on scientific cooperation, selecting several joint projects. A Memorandum of Understanding on joint projects and researchers' mobility was also signed.

"These agreements will allow for deepened collaboration in areas such as biomedical robotics, green energy, AI, quantum technology, infectious diseases, carbon capture, gene therapy, and cultural heritage preservation," the statement said.

The first Science and Innovation Dialogue brought together many of the best research centres and universities from both Italy and India, represented by their respective rectors, to map potential synergies in cutting-edge areas: quantum technology, big data, biotechnology, advanced materials, space and astrophysics, and renewable energy.

The statement also highlighted the large Business, Scientific, and Technological Forum in which External Affairs Minister Jaishankar, Union Minister of Commerce and Industry Piyush Goyal and the Deputy Prime Minister participated.

Around 500 Italian and Indian companies, along with numerous start-ups and industrial associations, held direct meetings (400 B2B) and B2G interactions with Delhi government agencies and representatives between April 10 and 11.

Italian CEOs exchanged ideas and projects with their Indian counterparts. The goal, said Tajani at the end of his meeting with Minister Goyal, "is to strengthen trade between our economies, diversify supply chains, and give new momentum to bilateral trade. This also includes concluding the EU-India Free Trade Agreement." Tajani also inaugurated the SIMEST (Italian internationalisation agency) office at the Embassy, which will have a dedicated fund of Euro 500 million to support Italian companies in developing business and investments in India.

SACE (Italian export-credit agency) increased its push-strategy fund by Euro 200 million (which has so far guaranteed up to Euro 3 billion in loans to Indian buyers), it said.

Tajani had also announced the creation of an Innovit Bangalore centre to foster synergies between start-ups and innovation ecosystems. Start-ups, accelerators, universities, and venture capital funds discussed this during a specific session of the Business Forum.

There was also a strong focus on culture, sports, and food and wine. Deputy Prime Minister Tajani, alongside Foreign Minister Jaishankar, inaugurated the Magdalene in Ecstasy exhibition -- the first for Caravaggio in India. PTI KND RT RT

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