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    Rupee settles on flat note, 3 paise higher at 95.71 against US dollar
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August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.

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APEDA and DAHD Organise Roundtable on Exports of Livestock and Value-Added Products

June 7, 2025

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Secretary DAHD calls for a 20% increase in exports this fiscal and star rating of processing plants to ensure global competitiveness

9 States Identified for Designation as Foot and Mouth Disease (FMD) Free Zones

India’s Livestock Exports Register 12.56% Growth Last Fiscal, Reaching USD 5114.19 Million

The Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce & Industry and Department of Animal Husbandry and Dairying (DAHD), Ministry of Animal Husbandry, Dairying and Fisheries, Government of India jointly organized a Roundtable Workshop on “Exports of Livestock and their Value Added Products – Future Prospects and Way Forward” in  New Delhi.

The Workshop convened Senior officials from the Central and State Government, industry stakeholders, policy experts and scientists to deliberate on strengthening India’s livestock export ecosystem through quality enhancement, disease prevention, market access initiatives, Foot and Mouth Disease (FMD) free infrastructure, technological advancements, market intelligence and global market alignment.

The Roundtable Workshop was chaired by Secretary, DAHD, Smt. Alka Upadhyaya. Other dignitaries included Additional Secretary, DAHD, Smt. Varsha Joshi, Joint Secretary, Department of Commerce, Ministry of Commerce and Industry, Smt. Kesang Yangzom Sherpa and Chairman of APEDA, Shri Abhishek Dev.

In her keynote address, Secretary, DAHD, Smt. Alka Upadhyaya noted, “With sustained investment in disease control infrastructure, quality systems, exploring diplomatic channels for enhanced market access and exports and bio security measures, India can position itself as a global leader in livestock exports, especially in value-added segments and the industry must be more aspirational and aim for a 20% increase in exports this fiscal.” She added, “Industry must focus on processing of livestock and further improve the quality of livestock products by having a star rating for plants and establishments to ensure globally competitive exports.”

Delivering a special address, Additional Secretary, DAHD, Smt. Varsha Joshi shared updates on disease control efforts and highlighted the “urgent need for constant resource supply, clean and hygienic conditions to ensure quality, saving male calf project, market intelligence and establishing Foot and Mouth Disease (FMD) free zones in the country.” She mentioned that, “Based on the progress and achievement of FMD programme the Department is working towards designating 9 states namely Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Uttarakhand, Punjab, Haryana, Maharashtra and Gujarat as FMD free zones.” She also highlighted, “the need for strengthening the supply chain of livestock exports by introducing traceability across the value chain and extending support to the industry under the Department’s Animal Husbandry Infrastructure Development Fund(AHIDF).”

Joint Secretary, Department of Commerce, Ministry of Commerce and Industry, Smt. Kesang Yangzom Sherpa underlined the strategic importance of the sector in diversifying India’s agri-export basket and emphasised that animal product exports maintain a significant share in India’s agricultural exports. She underscored the role of inter-ministerial coordination in unlocking new markets for exports of India’s livestock products and the need to leverage India’s free trade agreements to expand India’s livestock exports.

Chairman of APEDA, Shri Abhishek Dev emphasized “India’s growing role as a reliable exporter of hygienic, traceable and quality-assured livestock products.” He highlighted, “In the last fiscal, the overall exports of animal products stood at USD 5114.19 million registering a growth of 12.56%.” He stated, “there is a significant opportunity to increase the exports of animal products by gaining market access in new markets, developing new and innovative value added and processed products for exports and extolling the industry to maintain highest quality and standards.”

The workshop saw active participation of policymakers from the Central and State Government of India including Ministry of Commerce & Industry, Ministry of Animal Husbandry, Dairying and Fisheries especially their Department of Animal Husbandry & Dairying (DAHD) and State Animal Husbandry Departments, Food Safety and Standards Authority of India (FSSAI) as well as industry associations such as All India Meat & Livestock Exporters Association (AIMLEA), scientists, state veterinary doctors from ICAR-Indian Veterinary Research Institute (IVRI) and industry experts, amongst others.

50 leading Livestock establishments and key livestock exporters like Allanasons, Fair Exports India Pvt. Ltd., HMA Groups, Al Dua, Pure Foods Exports Pvt Ltd, Marhaba Frozen Food, Indagro Foods Pvt. Ltd., AOV Exports Pvt. Ltd. and others also attended the Roundtable Workshop.Technical Sessions and Expert Insights outlined India’s performance in livestock exports, regulatory reforms and export market dynamics.This was followed by open house discussion amongst several stakeholders in attendance wherein their feedback, concerns and actionable strategies were discussed.

The workshop laid the groundwork for a coordinated, future-ready approach to making India a leading player in global markets for exports of livestock and its Value Added Products (VAP). The Roundtable Workshop on “Exports of Livestock and their Value Added Products – Future Prospects and Way Forward” reinforces Government of India’s commitment to facilitating a robust, compliant and globally competitive livestock export sector.

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