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August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
August 15, 2026
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Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
August 14, 2026
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Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
August 14, 2026
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Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
August 14, 2026
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Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
August 14, 2026
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Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
August 14, 2026
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Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
August 14, 2026
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Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
August 14, 2026
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International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
August 14, 2026
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Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
August 14, 2026
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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
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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.
August 13, 2026
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GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
August 13, 2026
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Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
August 13, 2026
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Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
August 13, 2026
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Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
August 13, 2026
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Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.

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Results of Comprehensive Modular Survey: Telecom, 2025 (January – March, 2025)

May 30, 2025

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Key highlights:

  • In rural areas, approximately 96.8 percent of persons in the age group 15-29 years used mobile phones at least once during the last three months for making personal calls and/ or accessing the internet. The use of mobile phones is estimated at 97.6 percent in urban areas.
  • In the age group 15-29 years, around 95.5 percent of persons own a smartphone among those persons who own a mobile phone (including smart phone) in rural areas. In urban areas, about 97.6 percent persons own a smartphone in the same age group.  
  • In rural areas, approximately 92.7 percent persons in the age group 15-29 years used the internet at least once during last three months. Whereas, in urban areas, about 95.7 percent persons of the same age group used the internet.
  • Among the persons in the age group 15-29 years who reported the ability to perform online banking transactions, about 99.5 percent persons reported to have the ability to perform online banking transactions through UPI.
  • In India, approximately 85.5 percent of households possessed at least one smartphone.   
  • Around 86.3 percent households in India have access to internet within the household premises.

Among the individuals in the age group 15-29 years, approximately 97.1 percent persons reported using a mobile phone (including smartphones) during the last three months from the date of survey.

As a part of the 80th round of the National Sample Survey (NSS), the Comprehensive Modular Survey: Telecom (CMS: T) was conducted from January to March, 2025. This initiative marks a significant step by National Statistics Office (NSO) towards implementing short-duration, focused surveys. This survey was undertaken with the primary objective to meet the requirements of the line ministry/ department of Government of India and there was no State participation in CMS: T. This survey was conducted along with the ongoing ‘Household Social Consumption: Health’ survey of NSS 80th round. The survey collected data on various aspects of mobile and internet usage at both the household and individual levels. Additionally, information on selected ICT skills was also captured. In this survey, data was collected through CAPI (Computer-Assisted Personal Interviews). The report is available on the Ministry’s website (http://www.mospi.gov.in).

Sample Design:

In this survey, a two-stage stratified sampling design was used, where First Stage Units (FSU) were villages/sub-units/sub-divisions in rural areas and Urban Frame Survey (UFS) blocks/sub-units/ sub-divisions in urban areas. The FSUs were allocated to States and UTs in proportion to the projected population figures as on 1st October 2024 as available from the report, ‘Population Projections for India and States 2011-2036’ of the Technical Group on Population Projections, Ministry of Health and Family Welfare, Government of India. The Second Stage Units (SSUs) were households in both rural and urban areas. The selection of FSUs and SSUs was done using Simple Random Sampling without Replacement (SRSWOR).

Survey Coverage:

The survey covered the whole of the India Union except for some villages of Andaman and Nicobar Islands which were difficult to access. At the all-India level, the total number of first-stage units (FSUs) surveyed was 4,382 (2,395 in rural areas and 1,987 in urban areas). The total number of households surveyed was 34,950 (19,071 in rural areas and 15,879 in urban areas) and the total number of persons enumerated was 1,42,065 (82,573 in rural areas and 59,492 in urban areas).

Important Caveat:

In rural area, around 92.7 percent persons in the age group 15-29 years used internet during last three months preceding the date of survey. In urban areas the use of internet, in the same age group, estimated at 95.7 percentage.

The primary objective of the CMS: T was to generate national-level estimates of telecom and ICT skills related indicators. However, state-level estimates based on the available sample observations have been generated and presented in this report. Therefore, users should interpret the survey results at the sub-national level with careful consideration of the associated sample size in the domain and Relative Standard Error (RSE). The information on the execution/ability to perform the ICT skills was collected based on the reporting of the informant only. While collecting this information, no tests of the ICT skills of the informants were performed. Furthermore, with reference to the information collected on online purchases, only goods have been taken into account, while services have been excluded.

It is also important to note that the survey-based estimated totals were used exclusively for calculating rates and ratios. These totals are not intended to serve as definitive population-level counts. Therefore, using these totals to directly interpret the estimates in absolute terms or for extrapolation, may lead to misleading conclusions and is not recommended. Users of the data are requested to interpret the findings with due consideration of these statistical limitations.

Major findings of the survey:

  1. Use of mobile telephone:

In CMS: T, a person was considered as ‘used a mobile phone (smartphone as well as mobile phone other than smartphone)’ if s/he used it for the purpose of making personal calls and/or accessing the internet at least once during the last three months preceding the date of survey. Among youth aged 15–29 years, approximately 97.1 percent reported the mobile phone usage in the last three months. As per the findings of the Comprehensive Annual Modular Survey (CAMS), 2022–23, conducted as part of the NSS 79th Round, the corresponding figure for this age group was estimated at 94.2[1] percent. Gender-sector-wise comparative estimates of percentage of persons used mobile in the age group 15-29 years are shown in Figure 1.     

  1. Mobile ownership:

In rural area around 79.2 percent males and 75.6 percent females in the age group ‘15 years and above’ own a smartphone among those who own a mobile phone. Whereas, in urban area the percentage estimated at around 89.4 and 86.2 percent for male and female, respectively, for the same age group.

In this survey, mobile phone ownership was defined as having a device with an active SIM card for personal use, including employer-provided phones and those not registered in the user’s name. Individuals with only SIM cards were excluded. While determining ownership, joint ownership of a single mobile phone is not considered; in such cases, ownership is determined based on the majority use criterion. At the all-India level, in the age group 15-29 years, approximately 73.4 percent persons own a mobile phone. Gender-sector-wise estimates of mobile ownership for the persons in the age group 15-29 years are shown in Figure 2.

  1. Use of internet:   

In the survey, a person was considered as ‘used internet’ if s/he accessed internet at least once during last 3 months, from any location, for any purpose and using any type of device (e.g. mobile, desktop, laptop, tablet, etc.). In the age group 15-29 years, around 94.3 percent persons used the internet at least once during last 3 months preceding the date of survey. Gender-sector-wise comparative estimates with CAMS, 2022-23 for the percentage of persons used internet in the age group 15-29 years are shown in Figure 3.

(iv) Sent messages with attached files

About 85.1 percent persons in the age group 15-29 years reported execution of the skill of ‘sent messages (e.g., e-mail, messaging service, SMS) with attached files (e.g., documents, pictures, video)’, using mobile or computer-like devices, during the last three months preceding the date of survey.

Whereas, 77.7 percent persons in the same age group reported execution of the skill during 2022-23 (CAMS, NSS 79th Round). Figure 4 gives gender-sector-wise comparative estimates of the percentage of persons executed the ICT skill in the age group 15-29 years during 2025 and 2022-23.

 

 

Indicator

Rural

Urban

Male

Female

Male

Female

15-24 years

Percentage persons used mobile during last three months preceding the date of survey

98.0

95.7

97.6

96.9

Percentage of persons own a mobile phone

74.8

51.7

82.7

69.5

Percentage of persons used the internet during last three months preceding the date of survey

95.7

91.1

97.0

95.0

Percentage of persons sent messages with attached files during last three months preceding the date of survey

87.7

80.4

91.9

87.7

15 years and

above

Percentage persons used mobile during last three months preceding the date of survey

89.5

76.3

95.0

86.8

Percentage of persons own a mobile phone

80.7

48.4

90.0

71.8

Percentage of persons used the internet during last three months preceding the date of survey

72.1

57.6

85.5

74.0

Percentage of persons sent messages with attached files during last three months preceding the date of survey

67.2

50.9

79.1

65.8

households

Percentage of households possessed at least one smartphone

82.1

91.3

Percentage of households have access to internet facility within household premises

83.3

91.6

 

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