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    Colombian president asks Trump to suspend tariffs to help earthquake recovery
    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
    Europe emerges top destination for India's electric car shipments in Q1
    Govt sets LPG production targets for refiners; Reliance gets largest quota
    PM urges MSMEs to tap opportunities from FTAs
    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
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    August 16, 2026
    Show AI Summary
    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
    Show AI Summary
    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
    Show AI Summary
    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    August 15, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
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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
    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.

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      HIGHLIGHTS

      June 27, 2025

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      New Delhi, Jun 27 (PTI) Following are the top stories at 9.13 pm: NATION DEL91 CONSTITUTION-LDALL POLITICAL ROW

      Cong, other oppn parties slam Hosabale's call on Preamble; RSS-linked weekly defends Sangh leader New Delhi: The Congress and other opposition parties on Friday slammed RSS general secretary Dattatreya Hosabale’s call for a national debate on whether the terms 'secular' and 'socialist' should remain in the Preamble, terming it "political opportunism" and a "deliberate assault" on the soul of the Constitution.

      DEL95 PM-VISIT

      PM Modi to undertake 5-nation visit from July 2-9 New Delhi: Prime Minister Narendra Modi will embark on a five-nation tour beginning July 2 to participate in the BRICS Summit in Brazil and expand India's ties with several key nations of the Global South.

      DEL90 RSS-CONG-BJP

      Cong resorting to diversion, it must apologise for Emergency excesses: BJP New Delhi: The BJP on Friday said that the Congress is behind all the violations of India's Constitution since independence and asked the party to apologise for its Emergency-era atrocities on people instead of resorting to diversion.

      CAL30 WB-STUDENT-2ND LD GANG RAPE

      Student gang-raped in Kolkata college; police arrest alumnus, two others Kolkata: A first-year student of a law college in south Kolkata was allegedly gang-raped inside the institution by an alumnus and two senior students of the institution, a police officer said on Friday.

      DEL74 CONSTITUTION-RAHUL-RSS

      RSS mask comes off; it wants 'Manusmriti', not Constitution: Rahul Gandhi New Delhi: Congress leader Rahul Gandhi on Friday said the mask of the RSS has come off again as it wants "Manusmriti" and not the Constitution, after the general secretary of the organisation, Dattatreya Hosabale, sought a review of the words "socialist" and "secular" in the Preamble to the Constitution.

      BOM18 MH-LANGUAGE-SAMANT

      Policy of making Hindi compulsory in state schools was approved when Uddhav was CM: Minister Mumbai: Maharashtra minister Uday Samant on Friday said the policy of making Hindi compulsory from Class 1 in the state schools was approved during Uddhav Thackeray's tenure as the chief minister under the Maha Vikas Aghadi (MVA) government.

      CAL31 WB-STUDENT-GANGRAPE-MEDICAL TEST

      Medical examination corroborates law student's allegation of gang rape Kolkata: The medical examination corroborated a law college student's allegation that she was gang-raped, a senior official of the Kolkata Police said on Friday.

      CAL29 WB-STUDENT-GANGRAPE-TMC

      Condemn gangrape of student in Kolkata college, but incident should not be politicised: TMC Kolkata: The ruling Trinamool Congress on Friday condemned the alleged gangrape of a student at a law college in Kolkata, and said the incident should not be politicised.

      CAL26 WB-STUDENT-GANG RAPE-LD BJP

      'Gang rape' in Kolkata college shows female students not safe, claims BJP's Bengal unit chief Kolkata: Union minister and BJP's West Bengal unit president Sukanta Majumdar on Friday claimed that the alleged gang rape in a law college in Kolkata shows that female students are "not safe" in educational institutes in the state.

      BOM15 MH-LANGUAGE-PROTEST-NCP(SP)

      July 5 march against Hindi 'imposition': NCP (SP) extends support Mumbai: The Sharad Pawar-led NCP (SP) on Friday said it will support the protest march scheduled for July 5 here against the "imposition" of Hindi in the school curriculum in Maharashtra through the National Education Policy 2020.

      DEL72 BJP-2NDLD POLLS

      BJP appoints 'state election officers' to oversee organisational polls in 3 states New Delhi: The BJP on Friday appointed 'state election officers' to oversee its organisational elections in Maharashtra, Uttarakhand and West Bengal.

      DEL80 PAR PANEL-BANGLADESH

      Experts appear before Par panel amid concerns on China, Pak warming up to Bangladesh New Delhi: Bangladesh's perceived growing proximity with Pakistan and China, and implications of India's strained ties with its eastern neighbour were discussed at a parliamentary committee meeting on Friday amid suggestions by some experts on engagement with the country, sources said.

      DES86 HP-CLOUDBURSTS-2NDLD MISSING-SEARCH

      Himachal Pradesh flash floods: Death toll reaches 6 after 1 more body found Shimla: The death toll in Wednesday's flash floods in Himachal Pradesh's Kangra district has gone up to six as one more body has been found, officials said.

      DES79 UKD-ACCIDENT-LD TOLL

      Body of another missing pilgrim found, toll in Uttarakhand bus accident rises to 4 Rudraprayag: The body of another pilgrim was retrieved on Friday from the Alaknanda river as SDRF personnel on board a raft scoured its swirling waters in search of pilgrims who went missing after a 31-seater bus taking them to Badrinath fell into the river near Gholtir between Rudraprayag and Gauchar a day ago.

      DEL85 ENV-POLLUTION-VEHICLES

      EOL vehicles will be impounded at fuel stations from July 1: CAQM New Delhi/Noida: End-of-life vehicles detected at fuel stations or found parked at public places will be impounded and a penalty of Rs 10,000 imposed on four-wheeler owners and Rs 5,000 on two-wheeler owners starting July 1, officials said on Friday.

      CAL37 BH-EC-LD INDIA BLOC

      We oppose intensive revision of electoral rolls in Bihar: INDIA bloc Patna: The opposition INDIA bloc in Bihar on Friday strongly opposed the Election Commission's (EC) proposed intensive revision of electoral rolls, calling it a "conspiracy" to help the BJP-led NDA in upcoming state assembly polls.

      DEL62 DL-JAISHANKAR-LD EMERGENCY

      Indian fishermen nabbed by Sri Lanka because their rights given up during Emergency: Jaishankar New Delhi: The issue of Sri Lanka arresting Indian fishermen stems from an agreement during the Emergency under which their rights for fishing in some specific areas were given up, External Affairs Minister S Jaishankar said on Friday.

      MDS11 KL-KC(M)-UDF

      Kerala Congress(M) rules out talks with UDF, reaffirms commitment to LDF Kottayam: Kerala Congress(M), a key partner in the state's ruling CPI(M)-led LDF, on Friday dismissed speculation that it had held discussions with the Congress-led UDF.

      DEL36 DEF-RAJNATH-RUSSIA

      Upgrade of Sukhoi jets figured in Rajnath's talks with Russian counterpart New Delhi: Upgrading India's Sukhoi-30MKI fighter fleet, production of air-to-air missiles and expeditious supply of two batches of S-400 missile systems figured prominently in Defence Minister Rajnath Singh's talks with his Russian counterpart Andrey Belousov in the Chinese city of Qingdao.

      BUSINESS DEL89 BIZ-DEBT-INDIA-RBI

      India's foreign debt jumps 10 pc to USD 736.3 bn; external debt-to-GDP also rises Mumbai: India's external debt increased by 10 per cent to USD 736.3 billion at the end of March 2025 compared to USD 668.8 billion in the year-ago period, the Reserve Bank said on Friday.

      DEL75 BIZ-RBI-LD CURRENT ACCOUNT

      India posts current account surplus of USD 13.5 bn in Q4FY25: RBI data Mumbai: India posted a current account surplus of USD 13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with USD 4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according to RBI data released on Friday.

      LEGAL LGD8 GREEN-IGI AIRPORT

      Data on aircraft noise displayed on website: DIAL to NGT New Delhi: The Delhi International Airport Ltd (DIAL) has informed the National Green Tribunal that data regarding the aircraft noise level at the Indira Gandhi International (IGI) Airport was easily accessible to all as it was being conveniently displayed on its website.

      LGD4 SC-LAND-COMPENSATION

      SC stays order enhancing compensation for land acquisition near India-China border New Delhi: The Supreme Court on Friday stayed an order that enhanced the compensation awarded for acquiring 537 acre of land for the establishment of a defence-related project near the India-China border in Arunachal Pradesh.

      LGD2 SC-BAIL-UP

      After SC rap over delay in release from jail, UP pays Rs 5 lakh compensation to accused New Delhi: Following Supreme Court's reprimand, the UP government on Friday said a man, whose release from prison was delayed for about a month after getting bail, has been compensated with Rs 5 lakh.

      FOREIGN FGN9 DEF-SINOINDIA-LD RAJNATH

      Rajnath meets Chinese counterpart; calls for solving complex issues under structured roadmap Qingdao/New Delhi: Defence Minister Rajnath Singh has proposed to his Chinese counterpart Dong Jun that India and China should solve the "complex issues" under a structured roadmap comprising steps to de-escalate tensions along the frontiers and rejuvenate the existing mechanism to demarcate the borders.

      FGN7 US-TRUMP-INDIA-LD DEAL

      Trump says 'very big' trade deal coming up with India Washington: US President Donald Trump said America is going to have a “very big” trade deal with India, hinting at significant progress in the negotiation process of a long-awaited bilateral trade agreement between the two countries. By Yoshita Singh

      FGN43 NEPAL-SANSKRIT

      Historical bias led to decline of Sanskrit; Nepal committed to its promotion: President Paudel Kathmandu: Nepal President Ram Chandra Paudel has said the historical restriction of Sanskrit education to certain groups, including women, has led to its decline, as he affirmed the government's commitment to its promotion and preservation.

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