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August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
India's free trade agreement strategy seeks to expand preferential market access and integrate the country into global value chains as a trusted trading partner. Negotiations with additional country groups and individual nations are intended to extend agreement coverage to a substantial share of global trade. Investment opportunities are identified in data centres, manufacturing and artificial intelligence, alongside an objective of developing more balanced trade relations between India and Japan.
August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
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August 23, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
Customs enforcement against undeclared gold importation involved interception of a passenger arriving from Sharjah at Ahmedabad airport following passenger profiling. A gold chain concealed inside clothing was recovered after it was not declared for customs purposes. The chain was seized and the passenger was arrested under the Customs Act, 1962, before being released on bail, with further investigation continuing.
August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
Digital arrest cyber fraud allegedly used impersonation of law-enforcement and central banking officials, fabricated notices, threats of arrest and continuous video communications to coerce a retired railway employee into disclosing financial details and transferring funds for purported verification. The alleged proceeds were routed through mule and shell accounts. Banking records, KYC details, digital evidence and transaction trails allegedly connected a recipient account with suspicious transactions and multiple cyber-fraud cases; part of the cheated amount was recovered or refunded.
August 23, 2026
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
CPI(M) alleges that enforcement action under the Prevention of Money Laundering Act in the CMRL matter is politically motivated targeting of Pinarayi Vijayan, family members and party associates. It contends that searches, questioning and public communications during the investigation were used to create suspicion without incriminating evidence, and characterises references to hawala as a new investigative narrative. The party also alleges selective anti-money-laundering enforcement against opposition leaders and states that the company will address the CMRL-related matter.
August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
Money-laundering proceedings concerning alleged financial irregularities in liquor transport led to the arrest of former Andhra Pradesh minister Karumuri Nageswara Rao under the Prevention of Money Laundering Act. The inquiry concerns alleged wrongful loss to the government exchequer arising from liquor-transport operations. Investigative measures included raids and the arrest of Rao's son, along with arrests of a former state beverages corporation managing director and the person described as the principal accused.
August 23, 2026
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Alleged LLP record forgery raises cheating, breach of trust and conspiracy concerns over unauthorised partnership interest changes.
Alleged forgery, cheating, criminal breach of trust and conspiracy concern purported unauthorised changes to LLP statutory records filed with the Registrar of Companies. The allegations include use of false documents to remove a nominated partner, substitute another person as partner and transfer a partner's interest in the LLP. The matter also draws attention to separate land-collaboration allegations and delayed possession claims by homebuyers in a halted housing project.
August 23, 2026
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Voluntary production curtailment addresses polyester yarn cost volatility as weaving units seek customs-duty relief on inputs.
Voluntary production curtailment by weaving units is being adopted in response to increased polyester yarn and related input costs. Units may reduce shifts or observe periodic holidays according to individual commercial feasibility to limit yarn consumption until prices and fabric-market conditions stabilise. Industry representatives allege that yarn-price increases exceed corresponding input-cost movements and seek examination of possible artificial pricing, along with customs-duty relief on yarn and relevant inputs.
August 22, 2026
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Retaliatory tariffs escalate trade restrictions as historic tariff authority enables duties without prior investigation or a prescribed duration.
Retaliatory tariffs are set to escalate bilateral trade restrictions after the United States imposed tariffs of up to 50 per cent on specified Canadian imports. Canada proposes dollar-for-dollar countermeasures covering sectors including steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. Section 338 of the Tariff Act of 1930 is invoked as the legal basis for the United States measures, permitting presidential import duties up to 50 per cent without a prior investigation or prescribed maximum duration. Escalation creates uncertainty for supply chains and renewal of the United States-Mexico-Canada Agreement.
August 22, 2026
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Reciprocal tariffs reshape Canada-United States trade relations, increasing supply-chain risks and accelerating Canadian trade diversification beyond its primary export market.
Canada-United States trade relations are described as entering a confrontational phase after tariff negotiations collapsed. The United States imposed tariffs on specified Canadian goods, while Canada committed to reciprocal import taxes and suspended negotiations. The dispute marks a retreat from preferential market access and continental integration. Canada's export dependence on the United States may limit retaliation and increase risks to output, employment, investment and integrated supply chains. Trade diversification, non-United States investment and expanded Pacific export infrastructure are identified as responses to a potentially enduring protectionist bilateral relationship.
August 22, 2026
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Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.
August 22, 2026
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Power tariff revision faces political opposition over increased consumer electricity costs and conflict with prior free-electricity commitments.
Power tariff regulation in Jammu and Kashmir and Ladakh has been revised through approval of an average tariff increase, effective from 1 September 2026. Political representatives have opposed the increase on the ground that it adds to consumer hardship amid unemployment, inflation, and sectoral difficulties. The criticism also contrasts the revised tariff with prior commitments concerning free domestic electricity and gas.
August 22, 2026
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Recruitment examination integrity prompted enforcement scrutiny and proposed disciplinary inquiry, while an officer's absence was attributed to family emergency.
Reported absence of an IAS officer was attributed to a family medical emergency and a pending leave request, rather than enforcement searches concerning an alleged recruitment-examination scam. The officer denied any connection with those searches and expressed willingness to face an inquiry. Enforcement searches at the Karnataka Public Service Commission concerned a money-laundering investigation into alleged recruitment irregularities. The State Cabinet decided to advise suspension of the commission chairperson and initiation of an inquiry after an earlier suspension was set aside for lacking the Cabinet's aid and advice.
August 22, 2026
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Money-laundering and benami asset allegations prompt enforcement proceedings, while the accused officer's brother calls the action selective targeting.
Enforcement proceedings under the Prevention of Money Laundering Act concern allegations that suspended police officer Vijay Choudhary managed numerous assets through benami transactions and engaged in money laundering. An Anti-Corruption Bureau FIR had already been registered in relation to the allegations. Surinder Choudhary characterised the action as selective targeting but maintained that investigating agencies and the judiciary should address and decide matters concerning his family.
August 22, 2026
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Specialised dispute resolution requires technical expertise, timely proceedings, mediation support, and human oversight to safeguard natural justice.
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August 22, 2026
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Form 15CB certification faces scrutiny where inadequate verification allegedly enables foreign remittances through shell companies and false certificates.
Alleged misuse of Form 15CB certification has resulted in criminal proceedings concerning certificates issued for foreign remittances without verification of underlying documents. Form 15CB requires certification of applicable taxability and tax-deduction particulars for specified remittances to non-residents before processing by an authorised dealer. The allegations concern certificates that potentially enabled cross-border transfers through shell or non-existent companies, involving cheating, false certification, false evidence and common intention.
August 22, 2026
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Beginner stock market investing requires regulated accounts, risk-aware financial planning, diversification and informed company assessment before purchasing securities.
Beginner stock market investing requires a bank account, a trading or broking account with a SEBI-registered broker, and a Demat account for electronic holding of securities. Investments involve risk of loss and should align with financial goals, time horizon and loss-bearing capacity. Investors should understand primary and secondary markets, distinguish long-term investing from short-term trading, assess companies before purchase, diversify holdings, consider charges, maintain records and avoid borrowed-money investing, rumours and momentum-driven decisions.
August 22, 2026
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Capacity-based tobacco taxation targets undeclared packing machinery used for clandestine production and clearance without indirect tax payment.
Clandestine manufacture and clearance of pan masala, scented jarda and tobacco products without registration or payment of GST, HSNS Cess and central excise duty was detected through an intelligence-led search. Undeclared Form-Fill-Seal packing machines, workers, finished goods, raw materials, transport vehicles, packing materials and records indicated unaccounted production and clearance. Capacity-based monthly HSNS Cess for pan masala is computed according to the number, type and capacity of installed packing machines, while a corresponding capacity-based central excise levy applies to chewing tobacco, jarda and gutkha.
August 22, 2026
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Trade exhibition connects Korean exporters with Indian buyers through sector-specific consultations and certification guidance for market entry.
KoINDEX 2026 is a business-to-business trade exhibition bringing Korean manufacturers and exporters together with buyers in India and South Asia. It focuses on beauty and personal-care products, processed and functional foods, and construction, building and safety products. Commercial engagement includes pre-matched export consultations with project owners, contractors, distributors, wholesalers, e-commerce platforms and food distribution businesses. A seminar addresses Bureau of Indian Standards certification and market-entry requirements for Korean products entering the Indian market.
August 22, 2026
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Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
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Customs, DGFT & SEZ

Data on ECB / FCCB for January 2013

March 7, 2013

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 The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month of January 2013.

Data on ECB/FCCB for the month of January 2013

 

I AUTOMATIC ROUTE*

 

ECB/ FCCB

Borrower

Equivalent Amount in USD

Purpose

Maturity Period (Appx)

1

ECB

LBR Hotels and Hospitality Services Pvt.

2,655,849

New Project

9 Years 1 Month

2

ECB

Fujitsu Ten Minda India Pvt. Ltd.

5,023,543

New Project

5 Years

3

ECB

Hetero Wind Power Limited

20,000,000

Power

11 Years 2 Months

4

ECB

ATC Tires Pvt Ltd.

25,000,000

New Project

9 Years 11 Months

5

ECB

Danieli India Limited

27,886,411

New Project

7 Years

6

ECB

IDFC LTD.

52,512,482

On-lending to Power

5 Years

7

ECB

AQ Mechanical & Electrical Manufacturing

1,386,880

New Project

8 Years 10 Months

8

ECB

Firmenich AromaticsPro(India) Pvt. Ltd.

3,000,000

Rupee Expenditure Loc.CG

3 Years 6 Months

9

ECB

Tsubaki Hoover India Pvt. Ltd.

2,550,000

New Project

5 Years

10

ECB

Greaves Cotton Limited

15,000,000

Modernisation

5 Years

11

ECB

Interlink Petroleum Ltd.

1,250,000

Expansion of activity

5 Years

12

ECB

Maschio Gaspardo India Pvt Ltd.

677,241

Import of Capital Goods

7 Years

13

ECB

MEP-OLBO India Private Limited

1,569,067

New Project

11 Years 1 Month

14

ECB

Essel Lucknow Raebareli Toll Pvt Ltd

46,000,000

Road

13 Years 10 Months

15

ECB

Sharon Bio-Medicine Ltd.

10,000,000

Modernisation

5 Years 8 Months

16

ECB

PTC India Financial Services Ltd.

29,825,027

Onward/Sub-lending.

12 Years 2 Months

17

ECB

TBEA Energy (I) Pvt Ltd.

40,000,000

New Project

8 Years 7 Months

18

ECB

Toyo Ink India Pvt. ltd.

968,665

Modernisation

5 Years

19

ECB

AMBA River Coke Ltd #

58,000,000

Modernisation

5 Years 2 Months

20

ECB

United Crane Components Pvt.Ltd.

100,000

Modernisation

9 Years 10 Months

21

ECB

Nilpeter India Pvt Ltd

133,533

Modernisation

6 Years

22

ECB

Yamaha Motor Electronics (I) Pvt Ltd.

4,505,420

Rupee Expenditure Loc.CG

5 Years

23

ECB

UNI VTL Precision Pvt Ltd.

818,254

Import of Capital Goods

5 Years

24

ECB

Koid India Pvt Ltd.

2,252,710

Rupee Expenditure Loc.CG

10 Years 5 Months

25

ECB

Zahoransky Moulds & Machines Pvt.Ltd

531,170

New Project

6 Years 1 Month

26

ECB

Haselmeier India Private Limited

929,547

New Project

5 Years 2 Months

27

ECB

Ballistic Safety Systems Teh. India Pvt. Ltd

265,585

New Project

5 Years 2 Months

28

ECB

Riddhi Siddhi Corn Process. Pvt. Ltd.

64,436,786

Modernisation

6 Years 11 Months

29

ECB

JMF Synthetics (I) Pvt Ltd.

337,907

New Project

5 Years 9 Months

30

ECB

Sanden Vikas Precision Parts Pvt. Ltd.

2,815,888

New Project

7 Years 2 Months

31

ECB

Sata Vikas India Pvt. Ltd.

597,566

Modernisation

6 Years

32

ECB

Rapsri Engineering Industries Ltd.

1,826,150

New Project

6 Years 8 Months

33

ECB

Rapsri Engineering Industries Ltd.

730,460

New Project

6 Years 8 Months

34

ECB

Kalyani Thermal Systems Ltd.

6,000,000

Import of Capital Goods

7 Years 2 Months

35

ECB

Piaggio Vehicles Pvt. Ltd.

19,918,865

Modernisation

3 Years 5 Months

36

ECB

Sanwa Synergy Holding India Pvt. Ltd

2,000,000

Import of Capital Goods

8 Years 3 Months

37

ECB

Worldwide Small Diamonds Manufacturing Pvt. Ltd.

1,475,000

Import of Capital Goods

5 Years 10 Months

38

ECB

J Kumar Infraprojects Limited

9,200,000

Import of Capital Goods

5 Years

39

ECB

Vedanta Aluminium Ltd.

45,150,000

Refinancing of earlier ECB

2 Years 6 Months

40

ECB

Kalyani Steels Limited

6,600,000

Modernisation

4 Years 7 Months

41

ECB

United Breweries Ltd.

20,000,000

Import of Capital Goods

3 Years

42

ECB

United Breweries Ltd.

25,000,000

New Project

6 Years 1 Month

43

ECB

Dhunseri Petrochem & Tea Ltd.

10,270,000

Redemption of FCCBs

7 Years 1 Month

44

ECB

Jubilant Oil & Gas Private Limited

7,000,000

Mining, Exploration and Refining

3 Years

45

ECB

Prettl Electronics India Private Limited

464,774

New Project

5 Years 4 Months

46

ECB

Sharp India Limited

2,916,427

Import of Capital Goods

4 Years 3 Months

47

ECB

Inox Air Products Ltd.#

10,000,000

Rupee Expenditure Loc.CG

6 Years 1 Month

48

ECB

Micro Precision Gear Technology (I) Pvt. Ltd.

1,104,643

New Project

5 Years 11 Months

49

ECB

Luminous PowerTechnologie Pvt Limited.

3,000,000

Modernisation

4 Years

50

ECB

Neutral Glass & Allied Industries Pvt. Ltd.

12,887,357

Modernisation

5 Years

51

ECB

Otter Controls India Private Limited

140,000

Rupee Expenditure Loc.CG

5 Years 2 Months

52

ECB

Luminous PowerTechnologie Pvt Limited.

7,000,000

Modernisation

4 Years

53

ECB

Igarashi Motors India Limited

4,980,000

Rupee Expenditure Loc.CG

4 Years 6 Months

54

ECB

Innovative Textiles Pvt. Ltd.

1,000,000

Modernisation

3 Years 2 Months

55

ECB

TP Vision India Private Limited #

2,157,877

Modernisation

5 Years

56

ECB

Tag Offshore Ltd.

10,000,000

Import of Capital Goods

9 Years 1 Month

57

ECB

Greenply Industries Ltd.

6,000,000

Modernisation

5 Years 2 Months

 

 

Automatic Route Total

637,851,085

 

 

* Based on Form 83 submitted for allotment of Loan Registration Number

# Clarification sought from the company for conformity with the end-use requirement, eligibility of the borrower and other parameter of ECB

 

II APPROVAL ROUTE*

1

ECB

Saint- Gobain Glass India Ltd

18,590,941

Rupee Expenditure Loc.CG

3 Years

2

ECB

BOC India Ltd.

102,248,881

Import of Capital Goods

7 Years 1 Month

3

ECB

Larsen & Toubro Limited

200,000,000

Refinancing of earlier ECB

7 Years 1 Month

4

ECB

Cargill India Pvt. Ltd.

50,000,000

Import of Capital Goods

9 Years 6 Months

5

ECB

Karnavati Aviation Pvt.Ltd

22,100,000

Import of Capital Goods

6 Years 11 Months

6

ECB

Export-Import Bank of India

750,000,000

Onward/Sub-lending.

10 Years 1 Month

7

ECB

Power Grid Corpn. of India Ltd

500,000,000

Power

10 Years 1 Month

8

ECB

Kalyani Steels Limited

5,000,000

Refinancing of rupee loans

3 Years 9 Months

9

ECB

Mann & HUmmel Fliter Private Limited

3,755,744

Import of Capital Goods

3 Years

10

ECB

Interglobe Aviation Limited

849,474,871

Import of Capital Goods

14 Years

11

ECB

Rural Electrification Corporation Ltd.

250,000,000

On-lending to Power

3 Years

12

ECB

Essar Steel India Limited

125,000,000

Refinancing of Rupee loans

10 Years 1 Month

 

 

Approval Route Total

2,876,170,436

 

 

 

 

Grand Total

3,514,021,521

 

 

 Ajit Prasad

Assistant General Manager

 Press Release : 2012-2013/1462

Topics

Acts Income Tax