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August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
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August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
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Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
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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.
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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.
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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.
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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.

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Customs, DGFT & SEZ

Rajiv Gandhi Centre for Aquaculture Produces Specific Pathogen free L.Vannamei Broodstock for the First Time in India

April 10, 2013

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Dr. E G Silas, renowned Indian Fishery Scientist, former Vice Chancellor of Kerala Agricultural University and Chairman, Scientific Advisory Committee of Rajiv Gandhi Centre for Aquaculture (RGCA) inaugurated the release of SPF L.vannamei broodstock produced by RGCA for the first time in India to Mr. Y Ravi, General Secretary, All India Shrimp Hatchery Association and Mr. D Ramaraj of Society of Aquaculture Professionals and an hatchery operator in the presence of Dr. B Meenakumari, Dy. Director General, Indian Council of Agricultural Research (ICAR), and Ms. Leena Nair, IAS, Chairperson, Marine Products Export Development Authority (MPEDA) and President, RGCA, in a function in Sirkali today.

Specific Pathogen Free (SPF) Litopenaeus vannamei broodstock developed for the first time in India by Rajiv Gandhi Centre for Aquaculture, the R & D arm of the Marine Products Export Development Authority in association with the Oceanic Institute, Hawaii, USA, is ready for supply to hatchery operators at reasonable rate. The primary objective of this initiative is to produce selectively bred Litopenaeus vannamei shrimp broodstock (mother shrimp) that exhibit good hatchery performance for producing high quality shrimp seed which should exhibit fast growth and high survival on commercial shrimp farms in India.

Rajiv Gandhi Centre for Aquaculture is a Society functions under the Marine Products Export Development Authority, a statutory body set up by the Government of India under the MPEDA Act 1972, under the Ministry of Commerce & Industry, Govt. of India, for promotion of export of marine products from India.

During the financial year 2011-12, for the first time in the history of Marine product exports, the export earnings have crossed US$ 3.5 billion. Exports aggregated to 0.86 million tonnes valued at Rs. 16597.23 crores and US$ 3508.45 million. Compared to the previous year, seafood exports recorded a growth of 6.02% in quantity, 28.65% in rupee and 22.81% growth in US$ earning. Frozen Shrimp is the major export value item accounting for 49.63% of the total US dollar earnings. The above was achieved during a period of recession in the international market. One of the major reasons for the increase in production and higher export turnover was due to the introduction of SPF L.vannamei shrimp for Aquaculture production.

Considering the established infrastructure for farming shrimps in India, it is reasonably easy for L.vannamei farming and can substantially contribute to marine product export from the country. However, one of the major obstacles for increasing the L.vannamei production is the non-availability of quality SPF broodstock in India in required quantities.

Currently shrimp hatcheries import L.vannamei broodstock from Broodstock Multiplication Centres in USA, Thailand and Singapore with high shipping cost and transit loss due to mortality. Average cost of broodstock when it reaches the hatchery is estimated at Rs.5000/- and the higher cost of broodstock and transportation ultimately get transferred to the shrimp farmers who purchase seeds at a higher price (Rs. 0.6 per seed). High cost of broodstock is also prompting some hatcheries to source broodstock from shrimp ponds which ultimately results in the production of poor quality seeds and subsequent crop loss to farmers. About 80% of the shrimp farmers are marginal and small scale farmers with 0.5 to 5 Ha water spread area and the success of the crop largely depends on the quality of seeds supplied to the farmers. Hence for sustaining the productivity and profitability of shrimp farmers, it is essential that quality seeds are provided to farmers at reasonable rate.

In this circumstance, MPEDA initiated a collaborative project through RGCA and Oceanic Institute, Hawaii, USA, an affiliate of Hawaii Pacific University and engaged in Aquaculture research since 1960 is a not-for-profit research and development organization dedicated to marine aquaculture, biotechnology, and coastal resource management, to produce selectively bred Litopenaeus vannamei shrimp broodstock that exhibit good maturation/hatchery performance. The production unit of SPF L.Vannamei Broodstock of RGCA is functioning from Mangamaripeta, Visakhapatnam, Andhra Pradesh.

Though L.vannamei is a native to the Pacific coast of central and south America, one of the major reason for L.vannamei’s popularity among shrimp farmers world-wide is due to the availability of selectively bred fast growing improved quality specific pathogen free (SPF) and specific pathogen resistant (SPR) seeds. Selectively bred SPF L.vannamei also has the potential to grow under intensive culture conditions, tolerates a wide range of salinities & temperatures and require only lower protein diet and can also utilize the natural productivity of shrimp ponds in intensive culture conditions. It is generally considered to be more resistant to diseases and can mate and spawn easily under captivity and the survival rates during hatchery rearing are generally higher.

Specific Pathogen Free Post larvae imported from Nucleus Breeding Centre of Oceanic Institute, Hawaii, USA, shall be grown from PL to 40 gms in MPEDA/RGCA facility Vizag.. Six to eight months period is required for growing PL to 40 gms size. The above project has the capacity to produce 45000 number of broodstock annually.

This project shall help Indian farmers to produce 1.35 lakh MT of additional shrimp for export worth around Rs. 4000 crores per annum by utilizing about 10,000 Ha water spread area for two crops per annum.

Most importantly, this initiative of MPEDA will deliver quality broodstock to shrimp hatcheries and thus ensure the supply of quality seeds required for several thousands of small and marginal farmers at affordable price.

The first batch of around 20000 Nos. of high quality SPF L.vannamei broodstock produced at RGCA facility at Visakhapatnam is ready for supply to approved shrimp hatcheries in India at half the price of imported stock.

DS/RK

(Release ID :94595)

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Acts Income Tax