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    Europe emerges top destination for India's electric car shipments in Q1
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August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
August 15, 2026
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Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
August 14, 2026
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Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
August 14, 2026
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Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
August 14, 2026
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Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
August 14, 2026
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Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
August 14, 2026
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Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
August 14, 2026
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Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
August 14, 2026
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International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
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.
Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
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.
IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
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.

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Customs & Trade

India–US Relations in Focus at the Inaugural Seminar of Motwani Jadeja Institute for American Studies

September 1, 2025

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New Delhi, 1 September 2025: “Today, we need a sense of strategic patience. India needs to be firm that we’re not going to yield to demands, but remain open to negotiations. It’s important to understand the sources of change within the United States,” said renowned author, thinker, and foreign policy expert Professor (Dr.) C. Raja Mohan at the inaugural seminar of the Motwani Jadeja Institute for American Studies (MJIAS). The title of the seminar was “Resetting the US–India Ties Through Dialogue & Diplomacy.” The seminar was held in New Delhi to mark a day of substantive discussion and strategic engagement, commemorating the launch of MJIAS as a credible, non-partisan platform for Indo–US policy dialogue. Professor (Dr.) C. Raja Mohan is also the Distinguished Professor & Senior Fellow Designate, MJIAS.

The United States and India—two of the world’s largest democracies—share a relationship of strategic depth and multifaceted engagement. Cooperation spans defence, technology, education, and people-to-people ties, while challenges in trade and regulation continue to shape this vital partnership.

In his in-depth analysis, Dr. C. Raja Mohan said, “Given the difficult period that India and the US are going through, it is important to have an institute like the Motwani Jadeja Institute of American Studies. Its contribution will really be long term, to scale this relationship and give it intellectual ballast. It is very clear India has not invested enough intellectual capital in understanding the complex politics. We need a deeper appreciation of the long history of the United States, of its persistent political current and its cultural modes. Originally, American populism was against the concentration of wealth, and bouts of anti-dominant capitalist sentiment have always been a part of history. To understand what’s going on in the US today, we need to dig deeper into its history and its culture.” In a wide-ranging discourse, which explored the various phases of the India–US relationship, Dr. Raja Mohan opined, “India saw technological collaborations and a relationship in the 1960s. It’s easy to forget, as the first Indian reactor, the first Indian satellite, the agrarian revolution and the Green Revolution were with American support. Yet, in 1971 there was a whole range of other developments which saw a dramatic collapse of the relationship. Many of those obstacles were overcome in the 2000–2005 period with four successive Prime Ministers—P.V. Narasimha Rao, Atal Bihari Vajpayee, Dr. Manmohan Singh and Shri Narendra Modi—who devoted significant political and diplomatic resources to redo this relationship.” As its inaugural initiative, MJIAS brought together parliamentarians, diplomats, business leaders, and academics to deliberate on strengthening Indo–US relations through dialogue and diplomacy.

Professor (Dr.) C. Raj Kumar, President, MJIAS & Founding Vice Chancellor, JGU, said in his Welcome Address: “We are hosting this seminar at a very important time when there are significant challenges in US–India relations. It is important to go beyond the current scenario. For many of us who have had the opportunity to interact with the United States, it is significant to note that no country in the world is closer to India in terms of our shared beliefs, our shared values, our deep commitment to the rule of law, commitment to democratic institutions, our belief and faith in the possibility of individuals, who, through their hard work and determination, can shape the future of themselves and the destiny of our nations. The India–US relationship is not only one of the most defining relationships of the future, but also an opportunity to essentially shape the future of humankind. The United States is a country which has been the birthplace of so many ideas, and we need to recognize the extraordinary history that both our countries share. The establishment of the Motwani Jadeja Institute of American Studies is an attempt to develop a greater understanding of India in the United States, the complexity of this relationship, and to work towards a better future for India and the United States.” The Special Address and Keynote Address were delivered by Ambassador Mr. Nagaraj Naidu Kakanur, Additional Secretary, Ministry of External Affairs, Government of India, and His Excellency Mr. Jorgan K. Andrews, Chargé d’Affaires, Senior Foreign Service Officer, U.S. Department of State, respectively. Both congratulated JGU for establishing the Motwani Jadeja Institute for American Studies, thanked Ms. Asha Jadeja Motwani for her generous donation, and underlined the important role it could play in promoting and advancing India–US ties.

They lauded O.P. Jindal Global University for its vision in creating a pioneering institution dedicated to American Studies in India, emphasizing that such initiatives enrich academic discourse while also strengthening bilateral understanding. Ambassador Naidu and Mr. Andrews also highlighted how the establishment of the Motwani Jadeja Institute is a testament to the power of philanthropy, commending Ms. Asha Jadeja Motwani for her remarkable contribution that will leave a lasting legacy. They noted that few universities in the region have demonstrated the foresight and commitment that JGU has shown in investing in intellectual capital to advance India–US relations. The presence of the Institute, they observed, not only elevates the stature of JGU globally but also serves as a beacon of how private philanthropy and academic excellence can converge to address pressing international issues.

Professor (Dr.) Mohan Kumar, the Inaugural Director General, MJIAS, said in his Introductory Remarks that there could not be a better time for a discussion on the India–US relationship by the Motwani Jadeja Institute of American Studies. “This is not the first time that the India–US relationship is going through a difficult phase. Such a dialogue is essential to keep the relationship going, which cannot be seen through the prism of a few months or just through trade and tariffs.” The Vote of Thanks was delivered by Professor (Dr.) Swati Chawla, Assistant Director, MJIAS.

The inaugural session also included several panel discussions: • Legislative Bridges & Policy Dialogue in India–US Relations, moderated by Professor (Dr.) Sreeram S. Chaulia, Dean, Jindal School of International Affairs, JGU • Commerce Without Conflict – Perspectives from Business, Trade & Investment Leaders, moderated by Professor Ram B. Ramachandran, Associate Director, MJIAS & Vice Dean, Jindal School of Banking & Finance, JGU • Strategic Symbiosis – Academic and Diplomatic Pathways to Bilateral Harmony, moderated by Professor (Dr.) Sriparna Pathak, Associate Director, MJIAS & Professor, Jindal School of International Affairs, JGU Distinguished participants included: Dr. Sasmit Patra, Member of Parliament, Rajya Sabha; Ambassador Ms. Meera Shankar, Former Indian Ambassador to the United States; Ms. Sharmila Kantha, Principal Consultant, Confederation of Indian Industry; Mr. Shishir Priyadarshi, President, Chintan Research Foundation; Ambassador Mr. Sanjay Kumar Verma, Chairperson, Research and Information System for Developing Countries; Mr. Raman Kalra, Vice President, IBM Consulting; Ambassador Mr. Arun Kumar Singh, Former Indian Ambassador to the United States; Ambassador Mr. Rajiv Bhatia, Distinguished Fellow, Gateway House; Ambassador Ms. Gaitri Issar Kumar, Former Indian Diplomat; and Professor (Dr.) Rajat Kathuria, Dean, School of Humanities and Social Sciences, Shiv Nadar University.

The day-long seminar addressed two vital questions confronting India–US ties today: How did we get here? And Where do we go from here? The general consensus was that the following factors, inter alia, contributed to the current stalemate in bilateral ties: trade and tariffs, Indian purchase of Russian oil, US–Pakistan ties, the personal pique of President Trump vis-à-vis India, and the relative change in US–China ties.

In terms of response, it was felt that India needs to hunker down, demonstrate strategic resilience, diversify export markets, and generally hold the line. It was broadly agreed that the US is an important strategic partner and that the partnership between India and the US, notwithstanding current difficulties, has the potential to be the most consequential for the twenty-first century.

O.P. Jindal Global University (JGU) has been the proud recipient of a landmark endowment of US$5 million from Ms. Asha Jadeja Motwani and the Motwani Jadeja Family Foundation. This visionary gift is one of the largest philanthropic contributions to JGU and among the most significant investments in American Studies in India. The Institute is named in honour of the late Professor Rajeev Motwani, a legendary Stanford University computer scientist, whose mentorship helped shape the journeys of the founders of Google and countless other innovators.

(Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR

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