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    Indian Community in Japan Playing Key Role in Strengthening India-Japan Ties: Commerce and Industry Minister Shri Piyush Goyal
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August 26, 2026
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Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
August 26, 2026
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Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
India-Japan cooperation in semiconductors and artificial intelligence is being strengthened through industry engagement, investment facilitation, technology partnerships and an economic-security-oriented framework. India's semiconductor strategy covers chip design, machinery and materials, fabrication, ATMP/OSAT, research, and talent development, supported by Semicon India initiatives. Bilateral engagement also seeks to address industry concerns, expand manufacturing and innovation partnerships, and accelerate review of the Comprehensive Economic Partnership Agreement to reflect emerging economic opportunities.
August 26, 2026
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Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
The Virtual Conference Interaction Meetings provide a weekly, accessible forum for retail traders to engage with the Government, receive information on relevant schemes, policies and reforms, and submit grievances and suggestions. The platform enables recurring concerns to be identified and communicated to concerned Ministries and Departments for consideration and redressal. It seeks to strengthen institutionalised dialogue, feedback, transparency, trust and cooperation between the Government and the trader community.
August 26, 2026
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Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
Competition Commission of India approved Cyient Limited's acquisition of 100% of Tao Digital Solutions Inc.'s share capital from its existing shareholders. The full share capital acquisition transfers complete ownership of Tao Digital Solutions to Cyient. Tao Digital Solutions provides global digital transformation and technology services, including product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services, and operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.
August 26, 2026
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Competition clearance for full coal-sector acquisition addresses limited Indian market links through metallurgical and thermal coal sales.
Competition approval covers Yancoal Australia Limited's acquisition of 100% equity interest and warrants in Kestrel Coal Group Pty Ltd. The target holds an 80% interest in the Kestrel Joint Venture, which operates a Queensland coal mine producing principally metallurgical coal and a smaller volume of thermal coal. Neither the acquirer nor the target has a physical presence in India. Their Indian nexus is limited to coal exports and the joint venture's sales of metallurgical coal into India.
August 25, 2026
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Customs classification of unassembled vehicle imports requires fresh hearing after reserved tax challenge was released without verdict.
The dispute concerns customs classification of imported unassembled vehicle parts. Customs authorities allege that parts imported in separate shipments should have been declared as completely knocked down (CKD) units, attracting the higher duty applicable to CKD imports, rather than as individual components subject to lower duty. The manufacturer contests the resulting customs demand. Proceedings have been released for fresh hearing before the regular indirect-tax writ bench, with status quo maintained for four weeks.
August 25, 2026
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Retaliatory tariffs on imported goods escalate trade measures, targeting key sectors while maintaining support for affected domestic businesses.
Canada has imposed retaliatory tariffs on United States-origin industrial and consumer goods following increased United States tariffs on Canadian goods. Effective 8 September, the measures apply at rates of 15%, 25% and 50% across more than 700 products, including steel, aluminium, appliances, dairy products, seafood, furniture, clothing, pulp and paper, and electronics. Existing countertariffs on automobiles remain in force. The measures seek to protect domestic businesses and reduce imports, supported by assistance for affected workers and businesses amid risks to integrated cross-border supply chains.
August 25, 2026
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Foreign-exchange market intervention and lower crude prices supported rupee appreciation, while USD/INR remained range-bound amid shifting dollar conditions.
Foreign-exchange market conditions supported rupee appreciation against the US dollar, driven by stronger domestic equity markets, a weaker US dollar and lower crude oil prices. The USD/INR pair remained broadly range-bound, with oil-price movements and Reserve Bank intervention identified as key near-term influences. The special USD-INR foreign-exchange swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings mobilised substantial foreign-exchange inflows.
August 25, 2026
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Section 301 tariffs may have lower impact where major exports remain outside their scope amid resilient domestic demand.
Economic resilience is attributed to buoyant domestic demand, increased manufacturing and services activity, improving liquidity conditions, credit growth, investment activity and rebounding foreign capital inflows. Recovery in the southwest monsoon improved kharif sowing and reservoir storage, partly mitigating agricultural-sector risks. US Section 301 tariffs are expected to have a comparatively lower effect because major Indian exports to the United States, including smartphones, petroleum products and pharmaceuticals, remain outside their scope. Foreign direct investment improved with higher gross inflows, while outward foreign direct investment continued to decline.
August 25, 2026
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BIS certification exemptions may be structured for high-tech manufacturers to ensure timely equipment imports and support domestic manufacturing operations.
Mandatory Bureau of Indian Standards (BIS) certification requirements for equipment and components used by high-technology manufacturers may be addressed through a proposed exemption framework. Possible exemptions may be structured at the company, industry, product, project or bulk level to support timely availability of imported equipment, goods and services for manufacturing operations. The approach is directed at high-technology industries generally, particularly semiconductor and artificial intelligence sectors, while addressing delays associated with mandatory certification and complex procedures for specialised imported parts and equipment.
August 25, 2026
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Corporate social responsibility should prioritise measurable community outcomes, transparency, capable implementing agencies, and strategic integration with sustainability objectives.
Corporate social responsibility should prioritise measurable community outcomes rather than expenditure alone. Effective CSR depends on community-responsive design, capable implementing agencies, rigorous monitoring, social audits, and transparent use of technology and data. Public sector enterprises may use thematic priorities, convergence with government programmes, and institutional collaboration to replace isolated interventions with strategic CSR. CSR capacity building encompasses legal and regulatory frameworks, governance, project planning, impact assessment, reporting, ESG and the Social Stock Exchange.
August 25, 2026
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Regional rural bank performance highlights improved profitability, asset quality, priority-sector lending, financial inclusion, and digital banking expansion.
Regional Rural Banks achieved prescribed priority-sector lending targets and sub-targets, expanded financial inclusion through new Pradhan Mantri Jan Dhan Yojana accounts, and recorded improvement in profitability, asset quality, and credit-deposit ratio. Digital banking adoption is to be accelerated to improve operational efficiency, customer experience, and banking access in rural and remote areas. Sponsor Banks are expected to strengthen information-technology infrastructure and support increased area-specific credit flows and innovative lending.
August 25, 2026
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Ethanol-blended fuel policy faces calls for consumer-focused review amid sugar supply pressures and older-vehicle compatibility concerns.
Consumer-focused review of the ethanol-blended fuel policy is sought because higher ethanol diversion may affect domestic sugar availability and prices, potentially requiring sugar imports that could reduce claimed foreign-exchange savings from lower petroleum imports. The review should address ethanol and sugar production, domestic prices, imports, and consumer, environmental and economic concerns. Availability of lower-blend fuel alongside E20 is advocated for owners of older vehicles, with consumer choice between E10 and E20 supporting a comprehensive reassessment.
August 25, 2026
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Economic resilience remains supported by domestic demand, manufacturing, liquidity and capital inflows despite external trade and geopolitical risks.
Economic resilience is attributed to buoyant domestic demand, sustained manufacturing and services activity, and double-digit merchandise trade growth. Improved southwest monsoon conditions supported kharif sowing and partly reduced agricultural risks, although geopolitical frictions and fresh United States tariffs remained external risks. Supply-side pressures raised consumer price inflation, while stable core inflation indicated limited cost pass-through. Easing liquidity, credit growth, investment activity and rebounding foreign capital inflows supported financial and external-sector conditions.
August 25, 2026
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Sugar price controls combine raw sugar imports, stockholding limits, and export restrictions to curb retail inflation.
Sugar market intervention combines permitted imports of raw sugar, stockholding limits for dealers and bulk consumers, and an existing export ban to address sharp increases in retail and wholesale prices. Limits on inventories held by trade participants and large industrial consumers are intended to curb speculation and hoarding. Although ex-mill rates declined after the import decision and anti-hoarding measures, the reduction had not yet translated fully into retail prices. The measures seek to supplement domestic availability and restrain practices that may intensify consumer-price increases.
August 25, 2026
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Tariff escalation drives retaliatory planning, industry protection measures, supply-chain uncertainty, and proposed symbolic geographic renaming amid cross-border trade tensions.
United States-Canada trade tensions have intensified after tariffs were imposed on Canadian goods following unsuccessful bilateral talks. Canada is expected to pursue retaliatory measures, potentially using targeted action to protect workers and businesses rather than matching tariffs directly. Further tariff threats concern vehicles, auto parts and steel. Integrated cross-border supply chains in automotive, energy, agriculture and manufacturing face increased costs and consumer-price uncertainty. Consideration of renaming Lake Ontario as "Lake America" has also been linked to the escalating dispute.
August 25, 2026
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Central infrastructure monitoring through PAIMANA-PROJ tracks implementation progress, sectoral priorities, completed works, and integration of newly monitored projects.
PAIMANA-PROJ monitors Central Sector infrastructure projects costing Rs. 150 crore and above across 17 Ministries and Departments. As of July 2026, 1,775 projects with a revised cost of Rs. 37.11 lakh crore were under monitoring, with cumulative expenditure of Rs. 19.26 lakh crore. Transport and Logistics formed the largest monitored sector, followed by Energy. The portfolio included mega and major projects at varying physical and financial completion stages. PAIMANA-CRIP serves as the central infrastructure-project data repository, with most data updated through APIs.
August 25, 2026
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Plant growth regulator quality controls require farmer awareness, licensed sales, quarantine compliance, and protection against uncertified orchard inputs.
Plant Growth Regulator quality control seeks to protect farmers and orchardists from spurious products sold in the open market. Licensed pesticide and fungicide outlets receive application schedules, while farmer awareness is stressed due to purchases of cheaper PGRs that may not achieve expected results. Rootstock imports require quarantine clearance, and uncertified rootstock purchased from the market is associated with disease spread in orchards. Regulatory measures include direct departmental sale of branded chemicals, promotion of weather-based crop insurance, and demands concerning minimum support pricing and Market Intervention Scheme documentation.
August 25, 2026
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Anti-conversion compliance prompts voluntary prayer declarations, alongside food-safety oversight and enforcement against demolition, liquor, and cyber-fraud allegations.
Maharashtra's anti-conversion law has commenced, and churches across the Mumbai Metropolitan Region have sought written self-declarations confirming voluntary prayer attendance without pressure. Food-safety oversight requires cleaning of cricket association eateries before a further inspection. Enforcement matters include investigation into unauthorised shop demolitions allegedly involving misuse of a municipal corporation's name, arrests connected with spurious-liquor manufacture, and a cyber-fraud network allegedly using mule accounts to launder proceeds. A retired High Court judge has been appointed as Lokayukta.
August 25, 2026
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User development fee rationalisation reduces departure charges and links airport cost recovery to commissioned capital projects during the tariff cycle.
Airport tariff regulation for Hyderabad airport fixes reduced User Development Fee for departing domestic and international passengers from 1 September 2026 through 31 March 2031, with rationalised landing charges. The tariff determination applies the incremental Aggregate Revenue Requirement framework, linking airport-charge cost recovery to completion, commissioning and use of identified high-value capital expenditure projects. A variable tariff plan provides landing-charge incentives upon prescribed qualifying conditions, supporting traffic development and route expansion while requiring cost-reflective, transparent and non-discriminatory aeronautical tariffs.

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Customs & Trade

Japan's PM Ishiba faces uphill battle in upper house election amid rising prices and US tariffs

July 19, 2025

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Tokyo, Jul 19 (AP) Japan's Prime Minister Shigeru Ishiba faces an increasingly uphill battle in Sunday's upper house election, and a loss could worsen political instability at a time of daunting challenges, such as rising prices and high US tariffs.

A poor performance would not immediately trigger a change of government but it would deepen uncertainty over his fate and Japan's future path.

The ruling Liberal Democratic Party suffered a humiliating loss in a lower house election in October as its usual supporters registered their unhappiness over past corruption scandals and high prices. Ishiba is struggling to regain voter confidence.

His minority government has since been forced into making concessions to the opposition to get legislation through the Diet, or parliament. That has hindered its ability to quickly deliver effective measures to curb rising prices and win wage increases. On top of shortages and soaring prices for rice, a traditional staple, Ishiba has been stymied by President Donald Trump's tariff demands.

Frustrated voters are rapidly turning to emerging populist parties, including one that is promoting anti-foreign policies and backpedaling on gender equality and diversity.

Here's a look at Sunday's election: Instability, win or lose Ishiba has set a low bar for the vote — a simple majority. Half of the 248 seats for six-year terms in the upper house are being decided, and the LDP and its junior coalition partner Komeito would need to win a combined 50. Added to the 75 coalition-held seats that are not being contested in this election, it would be a big retreat from the 141 seats the coalition held before the election.

If the ruling coalition fails to secure a majority, “there will be a move within the LDP to dump Ishiba,” said Yu Uchiyama, a University of Tokyo professor of political science. “It makes a leadership very unstable.” Under any successor, the ruling coalition would be a minority in both houses, he said.

If Ishiba's coalition secures a majority and he stays on, his leadership will remain weak, with little hope of improved support ratings, Uchiyama said. “Either way, it is essential for the minority government to seek opposition parties' cooperation to achieve any policy.” Trump, rice and price woes Measures to mitigate soaring prices, lagging incomes and burdensome social security payments are the top focus of frustrated, cash-strapped voters.

Rice prices have doubled since last year due to supply shortages, overly complex distribution systems and other reasons related to Japan's farming, causing panic buying as Ishiba has struggled to resolve the crisis.

Trump has added to that pressure, complaining about a lack of progress in trade negotiations, blaming a lack of sales of US autos and American-grown rice to Japan despite a shortfall in domestic stocks of the grain. A 25 per cent tariff due to take effect Aug. 1 has been another blow for Ishiba.

Ishiba has resisted any compromise before the election, but the prospect for a breakthrough after the election is just as unclear because the minority government would have difficulty forming a consensus with the opposition.

The rice issue has cost Ishiba one farm minister. Rice prices remain high even after the farm minister's replacement, Shinjiro Koizumi, moved quickly and boldly to address the problem by ordering the emergency release of stored rice from reserves, helping to refill grocery store shelves in time for the election.

Koizumi, son of popular former Prime Minister Junichiro Koizumi, is a potential challenger to Ishiba.

An emerging populist right and xenophobia Stricter measures targeting foreign residents and visitors have suddenly emerged as a key issue.

The Sanseito party stands out with the toughest anti-foreigner stance with its “Japanese First” platform that proposes a new agency to centralise policies related to foreigners. It wants stricter screening for allowing Japanese citizenship and to exclude non-Japanese from welfare benefits. The party's populist platform is also anti-vaccine, anti-globalism and favors traditional gender roles.

Its stance has encouraged the spread of xenophobic rhetoric in the election campaign and on social media, critics say. A typical claim is that a rapid increase in foreign workers has hurt Japanese workers' wages and that foreigners use a large share of welfare benefits and have made Japanese society unsafe.

“Foreigners are used as targets to vent their discontent and unease,” Uchiyama said, comparing the scapegoating to that in Europe and the United States under Trump.

Experts say most of the rhetoric is disinformation aimed at frustrations among Japanese struggling to get by. Government statistics show foreign residents account for about 3 per cent of both Japan's total population and of welfare benefit recipients.

The Liberal Democrats, under a slogan “zero illegal immigrants,” have pledged to crack down on growing illegal employment of foreigners and against allowing them to default on social insurance payments or medical bills. The party also set up a task force to promote an orderly society, a move aimed at enforcing stricter measures on foreigners to address growing public unease. The rising conservative Democratic Party for the People, or the DPP, also is calling to restrict foreign ownership of Japanese real estate.

The move triggered protests by human rights activists and alarmed foreign residents.

Given that its population is rapidly aging and shrinking, Japan needs foreign workers. It should discuss immigration policy more strategically, Takahide Kiuchi, an executive economist at Nomura Research Institute, wrote in a recent analysis.

Still, the opposition is fractured Conservative to centrist opposition groups, including the main opposition Constitutional Democratic Party of Japan, or CDPJ, the DPP, and Sanseito have gained significant ground at the Liberal Democrats' expense.

They are believed to be raking in conservative supporters of the ruling party who are disappointed by Ishiba's leadership and flip-flops on policies. Ishiba is caught between his party's ultraconservatives and mainstream opposition leaders.

Still, the eight main opposition groups are too fractured to forge a common platform as a united front and gain voter support as a viable alternative.

When Ishiba lost big in October, there was speculation about a trilateral coalition government with the Komeito and the DPP or another conservative group, the Japan Innovation Party. But they've since cooperated only on certain legislation. If the ruling coalition loses its upper house majority, that could spark a regrouping among coalitions.

Yoshihiko Noda, a former prime minister and head of the opposition CDPJ, said the loss of ruling coalition majorities in both houses of parliament would enable opposition parties to push policies blocked by the LDP. Those include cuts in the consumption tax, recognition of same-sex marriages, and a law allowing married couples the option of each keeping their own names. (AP) SKY SKY

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