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    Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
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    A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, De...
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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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
August 19, 2026
Show AI Summary
Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
Show AI Summary
MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.

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Commerce Ministry to issue new guidelines to promote first-time exporters and new markets under ODOP: Union Minister of Commerce and Industry Shri Piyush Goyal

July 15, 2025

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India is like an oasis in a turbulent world, powered by 773 districts and strong leadership: Shri Piyush Goyal

One District, One Product a unique initiative reflecting India’s legacy and global potential: Shri Piyush Goyal

Union Minister of Commerce and Industry, Shri Piyush Goyal, addressed the National One District One Product (ODOP) 2024 Award ceremony in New Delhi. He said that the Commerce Ministry will work with districts to promote first time exporters to newer markets. He mentioned that the Ministry will soon be coming out with more guidelines on how new markets, new products, and new exporters can be promoted. He said that the Commerce Ministry and the districts can partner to promote ODOP products to newer markets and support first time exporters.

Shri Goyal highlighted that 773 districts across various states have contributed to the success story of India. He said that India is like an oasis in a desert in a tumultuous world and is the fastest growing large economy in the world today. He said India will become the third largest economy in 2027. He added that the states, the population, and the Prime Minister Shri Narendra Modi together have made this growth story possible.

He said that we have so many diverse products that can take India globally. He cited examples such as Wayanad’s coffee, Ratnagiri mangoes, and saffron from Pulwama, stating that these represent the wide range of products that can take India’s name to the world. He said that One District, One Product is a unique initiative, and no other country has something like this. Each district brings a different kind of legacy. He also mentioned that sometimes two products have to be recognised under ODOP. He added that local is now going global.

Shri Goyal said that 64 out of 87 products are covered under the Industrial Investment Promotion Policy. He informed that all 38 districts of Bihar have achieved 100 percent coverage of products under ODOP, and Bihar has given importance to the initiative. He stated that all the products are covered in the state economic system and are included in the industrial policy. Bihar has been categorised as Category A in this regard.

He said that the ‘Panch-Pran’ or commitments of Prime Minister Shri Narendra Modi, announced at the start of the Amrit Kaal 2022–2047, are being taken forward. These commitments are working towards making India a developed nation. He added that we should all protect the sovereignty of the country and uphold the unity and integrity of the nation.

He informed that 27 states have been approved for setting up PM Ekta Mall, which will promote products from their own states as well as other states. He said these malls will also showcase GI-tagged products, handlooms etc.

He said that ODOP products need to be sustainable. He emphasised the need to work on the branding and quality of the products. He said the packaging and branding need to be improved so that the products are respected in the world for their high quality. He also said that ODOP will help boost tourism.

He stated that a best practices compendium has been prepared to help emulate and learn how to promote ODOP products forward.

He urged everyone to take a pledge to make ODOP a driving force of prosperity in their districts through their products. He encouraged all stakeholders to take their ODOP globally.

The event also marked the second edition of the One District One Product (ODOP) Awards, organised by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. The awards were instituted to recognise and celebrate the efforts of States and Union Territories, Districts, and Indian Missions Abroad in advancing the vision of Aatmanirbhar Bharat through the ODOP initiative.

Under this initiative, the Government has identified over 1,200 unique products from more than 750 districts across the country, spanning sectors such as agriculture, food processing, handloom, handicrafts, and others. These efforts are aimed at promoting value addition, marketing, and connecting local products with global markets.

The initiative has seen growing momentum, with States and UTs integrating ODOP products into existing schemes and several of them setting up dedicated ODOP Cells. Over 15 States/UTs have launched dedicated platforms and some have created ODOP-specific e-commerce solutions. ODOP products are also listed on the Government e-Marketplace (GeM) and other e-commerce portals to enable easier procurement and wider reach.

ODOP’s international footprint is expanding. ODOP Walls have been established in Singapore, New York, Vancouver, Milan, Kuwait, Bahrain, and Japan. ODOP products are now available at retail outlets like Mustafa Centre and Centre Point Mall in Singapore. More than 15 Indian Missions abroad have actively participated in promoting ODOP through exhibitions, roadshows, and gifting campaigns.

To build grassroots capacity, the initiative has collaborated with premier institutions like NID and IITs to deliver targeted skilling and training programmes for artisans and producers.

As part of wider public outreach, the PM Gati Shakti – ODOP Experiential Centre has also been launched at Bharat Mandapam. This centre offers an immersive experience into India’s district-level products using technologies such as Augmented Reality, Virtual Reality, RFID mapping, and audiovisual storytelling.

Reflecting the scale of national and international engagement, the ODOP Awards received a total of 641 applications via the Rashtriya Puraskar Portal between 1st April and 11th June 2024. These included 587 entries from districts, 31 from States/UTs, and 23 from Indian Missions abroad.

The awards ceremony was held in the august presence of Union Minister of Commerce and Industry Shri Piyush Goyal; Chief Minister of Delhi Smt. Rekha Gupta; and Minister of State for Commerce and Industry Shri Jitin Prasada. The dignitaries felicitated the winners of the National ODOP Awards 2024 and acknowledged their contributions in innovation, public service delivery, and economic development.

On the occasion, the Ministers also digitally launched the Handbook for the upcoming 3rd edition of the ODOP Awards and released the ODOP Best Practices Compendium.

The event included presentations by selected States, UTs and Indian Missions on successful ODOP models, followed by a session on the Way Forward with participation from district officials, industry associations, aggregators, e-commerce platforms, logistics providers, and technology institutions.

A total of 34 awards were conferred across three categories – Districts, States and Union Territories, and Indian Missions Abroad – and were received by the respective representatives. Indian Missions Abroad participated in the ceremony virtually.

1. List of Awardees for ODOP Awards 2024:

I. Indian Missions Abroad:

Mission Abroad

Award

High Commission of India Singapore

Gold

Consulate General of India, New York

Silver

Consulate General of India, Vancouver

Bronze

II. States/UTs:

a. Category A:

Rank

State/UT

Award

1

Andhra Pradesh

Gold

Maharashtra

Punjab

Uttar Pradesh

2

Madhya Pradesh

Silver

3

Gujarat

Bronze

Rajasthan

West Bengal

b. Category B:

Rank

State/UT

Award

1

Jammu and Kashmir

Gold

2

Sikkim

Silver

3

Meghalaya

Bronze

Ladakh

III. Districts:

a. Category A – Agriculture:

Rank

District

State/UT

Product

Award

1

Guntur

Andhra Pradesh

Chillies

Gold

Ratnagiri

Maharashtra

Alphonso Mangoes

2

Nagpur

Maharashtra

Nagpur Orange

Silver

Pulwama

Jammu and Kashmir

Saffron

3

Siddharthnagar

Uttar Pradesh

Kala namak rice

Bronze

Amravati

Maharashtra

Mandarin Orange

Srikakulam

Andhra Pradesh

Cashew

4

Nalbari

Assam

Rice & rice products

Special Mention

Wayanad

Kerala

Coffee

Nashik

Maharashtra

Grapes/Raisins

b. Category B – Non-Agriculture:

Rank

District

State/UT

Product

Award

1

Bapatla

Andhra Pradesh

Chirala Silk Sarees (Kuppadam)

Gold

Vizianagaram

Andhra Pradesh

Bobilli Veena

Tirupati

Andhra Pradesh

Venkatagiri Cotton Sarees

2

Sri Sathya Sai

Andhra Pradesh

Dharmavaram Silk Sarees

Silver

Ganderbal

Jammu and Kashmir

Willow Wicker

3

Anakapalli

Andhra Pradesh

Etikoppaka Toys

Bronze

Kakinada

Andhra Pradesh

Peddapuram Silks

4

Akola

Maharashtra

Cotton Ginning and pressing

Special Mention

West Godavari

Andhra Pradesh

Narspur Crochet Laces

 

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