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    WPI inflation eases to 9.78 pc in July on softening in fuel prices
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August 14, 2026
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Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
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August 14, 2026
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International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
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August 14, 2026
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Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
August 13, 2026
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International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
August 13, 2026
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Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
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August 13, 2026
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Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
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August 13, 2026
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GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
August 13, 2026
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Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
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August 13, 2026
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Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
August 13, 2026
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Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
August 13, 2026
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Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
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August 13, 2026
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August 13, 2026
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
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Customs & Trade

Rajya Sabha adjourned for the day amid protests over electoral rolls revision in Bihar

August 5, 2025

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New Delhi, Aug 5 (PTI) Rajya Sabha proceedings were disrupted again on Tuesday as Opposition MPs continued to press for a discussion on the revision of electoral rolls in Bihar.

The Rajya Sabha was adjourned for the day soon after approving two statutory resolutions.

The Upper House saw its first adjournment around 11.45 am. When the Rajya Sabha met again at 2 pm, Opposition MPs were on their feet demanding a discussion on the Special Intensive Revision (SIR) of the electoral rolls in Bihar.

Amid ruckus, Harivansh, who was in the Chair, took up two statutory resolutions, including one for extending the President's rule in Manipur for another six months, and one of the Finance Ministry to amend the Second Schedule to the Customs Tariff Act, 1975.

As soon as MoS Pankaj Chaudhary tabled the resolution related to the Customs Tariff Act, 1975, Opposition MPs started raising slogans against SIR. Amid din, the Chair put the resolution to vote, and it was approved.

The House then took up a resolution to extend the President's rule in Manipur.

"It's a statutory resolution. All of us, as MPs, have to follow constitutional provisions. These have a time limit within which it has to be disposed, if it is not done, you are aware of the problems it can create," Harivansh said.

"Since the beginning of the session, we have passed only one Bill," he said.

He then called MoS Home Nityanand Rai to move the resolution on Manipur.

"I sincerely hope members will rise to the occasion, use the floor meaningfully and utilise the time... in a manner befitting the gravity of the matter, and fulfil the Constitutional obligation," the Chair said.

TMC MP Sushmita Dev and DMK leader Tiruchi Siva urged the chair to conduct a debate on SIR. Harivansh, however, said anything not related to the resolution being taken up will not go on the record.

Several MPs were on their feet. The Chair then called Subhash Chandra Bose Pilli of YSRCP to speak, after which MPs started raising slogans. TMC MPs were standing next to the YSRCP MP and raising slogans against the SIR exercise.

BJD MP Muzibulla Khan spoke next, and said, "When Manipur law and order situation was bad, Article 356 was imposed. Today, the situation of law and order in Odisha is bad..." "Double-engine government in Manipur failed.... Has the situation improved after so many months of the President's rule or not? Minister should inform us... Centre should take responsibility, removing an elected government and imposing President's rule repeatedly is also not good," he said.

TMC MPs Sushmita Dev then trooped into the Well of the House, after which Marshals were seen entering the House and blocking the entry points to the Well. The Chair appealed to the members to maintain order in the House. However, more MPs trooped to the Well of the House, including TMC members Sagarika Ghose, Ritabrata Banerjee, and Samirul Islam.

Later, MPs from Congress and other parties also trooped to the Well of the House, as they pushed their way through the barricading created by the Marshals.

As Rai spoke while moving the resolution for passing, Opposition MPs were heard raising slogans "Amit Shah jawab do" (Amit Shah give answers).

The resolution was passed through voice. The Chair then adjourned the House for the day.

Earlier, in the morning sitting, Congress and other Opposition parties created uproar in the Rajya Sabha soon after the House met, alleging CISF personnel were deployed in the House last week, an assertion vehemently rejected by both the Chair and the government, who said the personnel belonged to parliamentary security services.

Soon after the listed papers and reports were tabled during the Zero Hour (morning session), Deputy Chairman Harivansh rued that the Leader of the Opposition, Mallikarjun Kharge, had shared a letter written to him with the media.

In the letter on Friday, Kharge stated that CISF personnel were deployed in the House and were preventing Opposition leaders from exercising their democratic rights. Referring to Kharge's letter, Harivansh objected that it was shared with the media, as such communications fall under the privileged category.

The Chair said the presence of personnel from parliamentary security services was nothing new, and they are specially trained to do their job without using force.

Harivansh also pointed out that the House has witnessed repeated disruptions. He asked how raising slogans, entering the Well of the House and disturbing other members can be termed as "democratic right of protest". The Leader of the Opposition and senior Congress leader, Kharge, said he has issued a press note on the letter for the benefit of the members.

Kharge emphasised that the Opposition was protesting in a democratic way and will continue to do so. "CISF is being brought into the House. Are we terrorists?" Kharge asked. Countering Kharge's claim, Harivansh asserted, "They were not from CISF. It was a parliamentary security service".

The Congress leader said the parliamentary security service is well-equipped to provide security to MPs. "But do you want to run the House by bringing in police and military," he said.

Parliamentary Affairs Minister Kiren Rijiju sought a clarification from the Chair on what action needs to be taken against wrong claims being made by the Leader of Opposition (LoP).

"Only marshals can enter the House. That day there were only marshals. LoP is misleading and putting forth wrong facts. When a misleading letter is written or a wrong fact is presented, what action needs to be taken?" Rijiju questioned. The Chair again gave the floor to Kharge, who asked, "Are you (Chair) running the House or Home Minister Amit Shah?".

To this, Harivansh told Kharge that it was a wrong allegation. Leader of the House and Union Minister J P Nadda said he has been in opposition for 40 years, and the Congress party should take tuition from him to become an effective Opposition party. He alleged that certain actions of opposition members cannot be termed as democratic protest, but “anarchy".

Amid uproar, the proceedings were adjourned till 2 pm. Earlier, the Chair rejected 34 adjournment notices under Rule 267 of the House. PTI PRS AO NKD MJH SKC MR MR MR

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