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    PM urges farmers to adopt 'chemical-free farming' to tap rising global demand for such food items
    Govt rolls out foreign asset disclosure scheme for small taxpayers
    Need one or two Indian pharma firms to be among global top 5: PM Modi
    Small taxpayers with€™ foreign assets to face 30 pc tax plus penalty; disclosure scheme opens till Dec 31
    PM urges MSMEs to tap opportunities from FTAs
    Govt cuts windfall gains tax on petrol, diesel, ATF exports
    Modi warns of weaponisation of resources, sea routes; urges energy self-reliance
    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    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
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
    Show AI Summary
    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
    Show AI Summary
    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.

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      Cricket Fever Takes Flight: 47% of Indians Plan to Travel for Live Matches, Says Skyscanner

      April 29, 2025

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      Mumbai, Maharashtra, India – Business Wire India • 50% of Indians keen to extend their trip by 3-4 days to explore the city after the match • 80% of Indians are looking forward to watching an IPL match live this season • Australia leads as the top international destination, while Mumbai takes the crown in India for cricket-inspired travel Leading global travel app Skyscanner, today released its ‘Pitch Perfect Journeys’ report, revealing how the love of cricket is shaping the travel choices of Indians. With nearly half (47%) of Indians ready to swap their sofas for seats at the stadium–both within the country and abroad–the passion for the sport is higher than ever before. The findings show that cricket is not just a game, but a way of life, with an overwhelming 98% of respondents admitting to their love for the game.

      For Indian travellers, matchday is just the beginning. Skyscanner’s latest data reveals that 50% of fans are choosing to extend their cricket trips by 3–4 days, turning it into a full-fledged getaway. From savouring local flavours to checking off tourist landmarks and iconic sites, fans are making the most of their trip by exploring the host city. In fact, the Indian Premier League (IPL) has become a major driver, with 80% of cricket fans excited to travel and support their favourite teams, turning it into one of the most anticipated travel moments of the year. Cricket fans are drawn to live experiences, with 67% of Indians having already soaked in the excitement of being in the stadium, and 94% eager to relive that thrilling atmosphere in the near future.

      As cricket emerges as a major travel motivator, travellers are pairing their passion for the game with smart, practical planning. For 55% of fans, location and the stadium atmosphere are the top considerations, followed by the participating teams (51%). Additionally, factors like the possibility of combining the match with a holiday (42%) also holds weight, while practical considerations such as easy access to the stadium (38%), accommodation costs (37%), relaxed visa policies (34%), and flight costs (29%) play a significant role in planning their cricket-centric trips too.

      Sharing his views on the survey, Mohit Joshi, Skyscanner Travel and Destinations Expert, shares, “Indians have always had a deep love for travel, and now they are bringing that same energy to their passion for cricket. With nearly half (48%) planning their trips to watch a live match up to two months in advance, it is clear that cricket-fuelled travel is on the rise, with fans mapping out every detail, right down to who they want to share the experience with. Friends top the list as the preferred matchday companions for 74% of Indians, followed by family (59%) and spouses or partners (46%), proving that cricket is not just a game, it’s a shared experience. This rising interest in travelling for cricket is a perfect example of Sport Mode—one of the key travel trends we identified in our Travel Trends 2025 report—where travellers combine their love for sports with their desire to explore new places.

      At Skyscanner, we’re thrilled to be cheering them on as their love for the game quite literally takes flight. Whether it’s scoring the best flight deals with Price Alerts, finding the cheapest days to travel using Whole Month, or zeroing in on accommodation close to the stadium using our interactive map —our tools and search features are designed to help travellers make smarter choices, and in a stress-free manner, all while ensuring their bank balance does not get bowled over.” Fan-driven travel trends for the ultimate cricket getaway: • Australia and Mumbai top the charts among the list of destinations: The excitement is not limited to the matchday experience. Indians are also eyeing destinations they want to check off their bucket list. When it comes to witnessing international tournaments, Australia takes the top spot, with over half (56%) of Indians keen to visit the Land Down Under, followed by England (46%), New Zealand (40%), and the UAE (31%).

      On the home turf, Mumbai leads the scoreboard drawing in 1 in 5 (20%) Indians for its electrifying stadium vibes and the chance to soak in the city’s culture, with Bangalore (18%), Chennai (13%) and Delhi (12%) following closely behind.

      • Chennai Super Kings fans hit it out of the park: The cricket fever is on a new high with the ongoing Indian Premier League, sparking fierce team loyalty and travel plans among Indians. Chennai Super Kings fans are leading the charge, with nearly 3 in 10 (29%) Indians willing to travel to another city to cheer them on, followed by fans of Royal Challengers Bangalore (19%) and Mumbai Indians (18%).

      • Wankhede is the Holy Grail for cricket fans: Iconic stadiums are also a major draw for cricket enthusiasts who want to catch the live action in a stadium for its cricketing history. Wankhede in Mumbai tops the wishlist, with 55% of Indians eager to experience the legendary atmosphere, while Eden Gardens in Kolkata and Lord’s in England also draw in 52% of Indians.

      • Cricket trips = Full toss fun for Indians! Turning cricket trips into full-fledged travel experiences, Indians know how to make every trip count. Topping the list is shopping (57%), trying the local cuisine (44%), exploring tourist hotspots (42%) and even sneaking in a quick getaway outside the city (39%).

      When it comes to food, Mumbai’s iconic Vada Pav reigns supreme as it does on the streets of Mumbai, with 41% of Indians more interested in trying the staple food of the Maximum City. Chennai’s Dosa and chutney (30%), Delhi’s momo (27%) and Bengaluru’s filter coffee and idlis (26%) are also fan favourites with travellers keen on trying these local snacks when in the city.

      With so many fans eager to experience the thrilling atmosphere of a live match, it’s not just about being there, it's about making the most of every moment.

      Taran Singh, a popular sports influencer and cricket enthusiast, known for his much-awaited match-day content and expert insights, shares more on how to elevate your stadium experience and travel smart this IPL season. He says, “Cricket in India isn’t just a game anymore, it’s become a full-blown travel experience. Whether it’s following your favourite team from city to city during the IPL or planning a match weekend with friends and family, fans today are building their itineraries around cricket calendars. I have personally done this and the energy at the stadium is unmatched. For someone like me who is often hopping between cities to catch the action, planning smart is key. I rely on Skyscanner to keep track of fare trends, compare flight and stay options in one place, and book when the timing and price feels right. One of my favourite tricks is taking red-eye flights—they help me land great deals because of the less popular flight times while starting my day early, so I can jump straight into the excitement and maximise my time at the destination. It takes the guesswork out of planning and helps me focus on the experience.” Taran Singh also shared his top tips to help cricket fans make the most of their match day experience: 1. Pick the right seats: Go for upper-tier seats behind the bowler’s arm for a better view and a bit more ventilation. It makes a difference, especially during those long innings.

      2. Arrive early: Stadium gates usually open 2–3 hours before the match. Get in early to skip long queues, settle in.

      3. Protect your ticket like gold: Your physical ticket is your only entry pass. If the barcode is torn, faded or tampered with, you will be turned away—no matter what. Handle with care.

      4. Cut the clutter: Most stadiums don’t allow backpacks or large handbags. If you must carry something, keep it to a small sling bag or use your pockets for essentials.

      5. Dress for comfort, not just style: Light cotton clothes work best in the heat. Don’t forget your cap, sunscreen and sunglasses. And wear comfortable shoes as you will be walking a lot.

      6. Stick to the stadium rules: Security checks are tight. Power banks, food, metal objects, water bottles, helmets are not allowed in. Check the prohibited list beforehand.

      Notes to the Editor: Data based on a recent Skyscanner Pitch Perfect Journeys survey conducted from 24th to 31st March 2025, among 2,000 Indian cricket fans aged 18 to 65. About Skyscanner Skyscanner is a leading global travel app that helps travellers plan and book their trip with ease and confidence. Every month, Skyscanner connects millions of travellers, in 52 countries and 37 languages, to more than 1200 trusted travel partners so they can find the best flight, hotel or car hire options.

      Founded in 2003, Skyscanner has offices worldwide, in Europe, Asia-Pacific and North America where traveller-first innovations are developed, powered by data and insights. Making use of the latest technology, Skyscanner simplifies the complexity of travel and provides honest and transparent solutions, searching more than 80 billion prices every day so travellers can be sure they've seen the best possible options, all in one place.

      (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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