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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      Food with Feeling: Godrej Food Trends Report 2025 Unfolds Seasonality, Storytelling, and the Rise of Regional Revival

      May 27, 2025

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      Godrej Vikhroli Cucina unveils the 8th edition of the report through an immersive food theatre experience MUMBAI, India, May 27, 2025 /PRNewswire/ -- The curtain rose, the table was set, and the future of food took centre stage. At a spectacular showcase in Mumbai, Godrej Vikhroli Cucina launched the eighth edition of the Godrej Food Trends Report (GFTR) 2025 in a way India has never seen before — through an evocative food theatre performance titled Feast of the Future. Themed 'Seasons', this year's edition was unveiled not through conventional speeches or slides, but through storytelling, satire, and sensory drama that celebrated food as memory, identity, and emotion.

      Based on contributions from over 190 culinary voices, including chefs, nutritionists, mixologists, food writers, and entrepreneurs, the 2025 edition of the report offers a deep dive into the forces shaping India's evolving food and beverage landscape. Seasonality takes centre stage, with 82% of experts pointing to a renewed consumer focus on local, seasonal produce and culturally rooted ingredients. This revival is influencing everything, from fine dining to home cooking, signalling a return to intuitive, time-and-place-based eating.

      A Deeper Connection to Seasonality Speaking on the theme, Tanya Dubash, Executive Director & Chief Brand Officer, Godrej Industries Limited and Associate Companies, shared: "At Godrej Industries Group, food is more than sustenance, it is culture, identity, memory, and possibility. That belief is what powers the Godrej Food Trends Report, our annual labour of insight and imagination. Since 2018, with insights from over 2,000 food experts, the report has captured the pulse of our evolving foodscape — from mindful eating and culinary nostalgia to the rise of indigenous ingredients and beyond. Today, the report plays an even deeper role. GFTR has evolved into a strategic lens through which new products, menus, and food narratives are being shaped. This year, we explore the theme of seasonality. As the world embraces authenticity and sustainability, seasonal eating, once second nature to us, is making a meaningful comeback." Report Highlights The report notes that 74% of experts predict a surge in immersive, multi-course tasting menus, driven by the rise of experiential dining. 66% highlight frozen snacks as an everyday essential, with products like momos, kebabs, and burger patties gaining gourmet status in Indian home kitchens. Another 85% point to Himalayan cuisines as a growing trend, owing to their clean-label appeal, sustainability, and ingredient-led storytelling.

      Meanwhile, 78% of contributors foresee a growing demand for heritage alcohols, such as feni and mahua. Goa has been crowned the top food destination of the year by 89% of experts, thanks to its blend of hyperlocal ingredients, global culinary influence, and thriving food tourism scene. The launch of the Godrej Food Trends Report 2025 showcased prominent brands such as Crazy Cock Single Malt Whisky, Six Brothers Mahura, Simba Beer, and Sula Wines, all of whom served as experience partners for the evening that reflected the report's cultural and sensory themes.

      This growing spotlight on heritage spirits was echoed by industry voices at the launch. Rupi Chinoy, Director, South Seas Distilleries, said, "It's exciting to see platforms like the Godrej Food Trends Report spotlighting heritage spirits such as Mahura, also known as Mahua, Mahuda etc. At South Seas Distilleries, we're passionate about resurrecting India's own spirits distilled using the mahura flower indigenous to India, a spirit with which we have a distilling legacy of over a century. Six Brothers Mahura is a heritage spirit of India, which is today made in a sophisticated manner by double distilling it in copper pot stills and further platinum-filtering the spirit to give it a smooth, clean and crisp finish. Six Brothers Mahura represents India's spirit-making history, craftsmanship and heritage. As the global palate evolves, there's never been a better time for Indian spirits to rise in the premium and luxury landscape. What Tequila is to Mexico, and now the world, Mahura can be that spirit for India as it is extremely versatile and can be savoured neat, on the rocks or as classic and innovative cocktails. Trends like these are laying the groundwork for heritage spirits like Mahura to step into the global spotlight as cultural ambassadors of Indian heritage, craftsmanship and tradition." Abhay Parnerkar, CEO, Godrej Foods Limited, added, "At Godrej Foods Limited, we are proud to partner with Vikhroli Cucina to present the Godrej Food Trends Report 2025 in such a powerful, culture-forward format. As a food company deeply embedded in Indian kitchens, understanding emerging consumer preferences is central to how we innovate — from product development to brand storytelling. For us at GFL, this partnership reinforces our commitment to staying ahead of the curve while celebrating India's rich culinary heritage in a format that informs and inspires." The Launch: A Theatrical Reveal of Food's Future The theatrical experience brought to life a vibrant mix of characters, a fine-dining purist, a frozen-food loyalist, a heritage-obsessed traditionalist, and a social media-fuelled foodie, each representing a different lens through which modern India experiences food. Their playful conflict and eventual resolution set the stage for the unveiling of the year's key culinary trends, delivered not as static insights, but as lived experiences.

      "The idea was to move away from simply revealing trends, and instead stage them — let people feel them," said Gia Singh Arora, Curator of the theatrical experience. "Food is inherently emotional. This performance allowed the audience to confront their own biases, preferences, and beliefs — leaving them entertained, but also introspective." Bhupendra Suri, CEO, Creamline Dairy Products Ltd., said, "Dairy is more than an ingredient — it is the essence of purity and a cornerstone of our culinary traditions. At Creamline Dairy Products, we take pride in upholding this legacy, ensuring every offering reflects the trust and nourishment that Indian families have cherished for generations. Being associated with Vikhroli Cucina and the Godrej Food Trends Report 2025 is a privilege, as it aligns perfectly with our vision to champion authenticity and mindful consumption. This partnership not only celebrates the cultural significance of food but also fosters meaningful conversations about the evolving role of dairy in modern lifestyles." Editor's Note: Food as Story, Season, and Sensory Journey Reflecting on the editorial vision, Rushina Munshaw Ghildiyal, Managing Director of Perfect Bite Consulting and Curating Editor of the Godrej Food Trends Report, said: "The idea for this year's edition came to life as I stood amidst saffron fields in Pampore and experienced the Ittar-making traditions of Kannauj. These journeys reminded me that our relationship with food is rooted in cycles — of climate, culture, and memory. The 2025 report brings to light how food continues to be more than sustenance — it is storytelling, activism, creativity, and comfort. As India embraces a more mindful, seasonally attuned way of eating, I believe the conversations sparked by this edition will nourish more than just our plates." A Legacy of Insight, A Future of Impact Since its inception in 2018, the Godrej Food Trends Report has become a cornerstone in food trend forecasting. Over the course of 8 editions, multiple predictions have come true, from spotlighting the return of millets to Korean foods dominating the Indian culinary scene.

      With the 2025 edition, Godrej Vikhroli Cucina sets a new benchmark — not only in how we talk about food, but how deeply we engage with its meaning. As the curtain fell on Feast of the Future, one thing was clear: the future of food in India is as thoughtful as it is theatrical.

      Godrej Food Trends Report 2025 is available for download at www.vikhrolicucina.com .

      About Godrej Vikhroli Cucina Godrej Vikhroli Cucina is the owned media platform by Godrej Industries platform for food brands, writers, chefs, influencers, bloggers, food lovers, and others to engage, network, and collaborate. The genesis of Vikhroli Cucina was the result of the Godrej vision to bring all its brands operating in the food category together. A vibrant online community of food enthusiasts — from brands, chefs, and food critiques to content creators, and everyday food lovers. Sharing a passion for all things culinary, Godrej Vikhroli Cucina aims to engage and cross-pollinate ideas in the exciting realms of the food industry. We welcome all the connoisseurs of the food world to share their unique recipes or food-related experiences, remain updated with what's happening in the world of food, network and engage with influencers, and read personalized content according to topics that interest you. For more information, visit https://www.vikhrolicucina.com Godrej Vikhroli Cucina Social Media Handles: Instagram | Facebook | Twitter | YouTube Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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