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August 4, 2026
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Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
August 4, 2026
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Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
August 4, 2026
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Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
August 4, 2026
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Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
August 4, 2026
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Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
August 4, 2026
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Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
August 4, 2026
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Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
August 4, 2026
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MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
August 4, 2026
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Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
August 4, 2026
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Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
August 4, 2026
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WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
August 4, 2026
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Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
August 4, 2026
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Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
August 4, 2026
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Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
August 4, 2026
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Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
August 4, 2026
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Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
August 3, 2026
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Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.
August 3, 2026
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Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
August 3, 2026
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Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
August 3, 2026
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Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.

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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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