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    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
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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.
India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
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.
Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
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.
August 13, 2026
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Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
August 13, 2026
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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.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
August 13, 2026
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Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
August 13, 2026
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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.
August 13, 2026
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
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.
CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
August 13, 2026
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Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
August 12, 2026
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Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
August 12, 2026
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Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.
August 12, 2026
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Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.
August 12, 2026
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Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
Tata Sons' leadership succession and governance framework have become central following the chairman's decision not to seek reappointment when his term ends in February 2027. The board has been asked to decide on a successor promptly. Unresolved matters include the strategic roadmap, losses and capital requirements in newer businesses, board representation, capital allocation, an exit route for the Shapoorji Pallonji Group, and the possible listing of Tata Sons. Future leadership must manage these issues while improving returns from investment-intensive businesses and maintaining established operations.

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News and Press Release

99th Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects

September 3, 2025

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04 projects including 03 Rail and 01 Road/Highway evaluated for alignment with integrated multimodal infrastructure and socio-economic benefits

The 99th meeting of the Network Planning Group (NPG), convened today to evaluate infrastructure projects of Road, Transport & Highways. The meeting focused on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP).

The NPG evaluated 04 projects comprising 01 Road/Highway project of the Ministry of Road, Transport & Highways (MoRTH) and 03 Rail projects of the Ministry of Railways (MoR), including 02 Brownfield, 01 Greenfield, and 01 Greenfield + Brownfield projects. The evaluation was undertaken to ensure conformity to PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes, and a ‘whole of Government’ approach. These initiatives are expected to boost logistics efficiency, reduce travel times, and deliver significant socio-economic benefits to the catchment areas of the projects. The meeting was chaired by Shri Pankaj Kumar, Joint Secretary, Logistics, Department for Promotion of Industry and Internal Trade (DPIIT). The evaluation and anticipated impacts of these projects are detailed below:

Ministry of Railways(MoR)

New Broad Gauge (BG) line from Baramulla to Uri: The Ministry of Railways has proposed the construction of a new 40.2 km railway line between Baramulla and Uri in Jammu & Kashmir, connecting five existing stations. The project will provide all-weather, reliable rail connectivity, addressing frequent disruptions faced by road travel during harsh weather. Uri, located near the Line of Control at Kaman Post, has already emerged as a border tourism destination. With the new railway line, tourism in the region is expected to receive a significant boost. The project also holds strategic importance, as Baramulla and Uri Tehsil house major Indian Army establishments and lie close to the border. The proposed railway line will include 3 Road Under Bridges (RUBs) and 9 Road Over Bridges (ROBs) and will be developed as a new single Broad-Gauge line, requiring fresh land acquisition.

Doubling of Qazigund to Badgam: The Ministry of Railways has proposed the doubling of the Qazigund–Badgam railway line, covering a 73.50 km stretch in Jammu & Kashmir. At present, the Qazigund–Baramulla line operates as a single track. With the commissioning of the Katra–Banihal section in 2025, the corridor will be fully integrated with the Indian Railways network, offering huge potential for passenger and freight traffic. The doubling project is of strategic importance, enabling seamless movement of military special trains carrying Army personnel, equipment, and supplies. Accordingly, it has been designated under the Hill & Strategic Corridor. Key highlights: (a) 10 stations (9 crossing stations and 1 halt), all existing in J&K, will be covered. (b) The new alignment will run parallel to the existing line. (c) Doubling will increase capacity, reduce delays, and strengthen connectivity across the Valley. The project will also boost tourism and local economic activity, while ensuring faster, safer, and reliable logistics for defence needs. The proposal marks another step towards building a resilient and strategically vital railway network in Jammu & Kashmir.

Proposed 3rd & 4th line between Ambala – Jalandhar : The Ministry of Railways has proposed the development of a 3rd line between Ludhiana–Jalandhar Cantt and a 4th line between Ambala Cantt–Sahnewal, covering 138 km on Broad Gauge (1676 mm). The alignment passes through key districts of Punjab (Patiala, Fatehgarh Sahib, Ludhiana, Kapurthala, Jalandhar) and Ambala district in Haryana. The project will reduce travel time, ease congestion, and increase capacity for both passenger and freight trains. It will cover 21 stations including Ambala Cantt, Patiala, Ludhiana, Kapurthala, and Jalandhar, and include 44 Road Under Bridges (RUBs) and 1 Road Over Bridge (ROB) for safe and smooth operations. This section forms part of the Ambala–Ludhiana–Jalandhar–Amritsar corridor, which currently handles nearly 92 trains per direction per day. The additional lines will provide crucial capacity augmentation, benefitting agriculture, trade, tourism, and industry in the region. Strategically, the project holds exceptional importance for national security, as the corridor serves as the shortest and most vital rail link to Jammu & Kashmir, enabling faster movement of defence personnel, logistics, and supplies to border areas.

Ministry of Road, Transport & Highways (MoRTH)

Construction of 4-Lane Divided Carriageway from Khagaria to Purnia :The Ministry of Road, Transport and Highways has proposed the upgradation of the existing two-lane to a four-lane divided carriageway between Khagaria to Purnia in Bihar. The road will cover part of NH-31 (Km 270.0–384.200) and NH-231 (Km 384.200–410.0). NH-31 is one of India’s key highways, starting near Unnao in Uttar Pradesh and passing through major towns such as Varanasi, Ghazipur, Chhapra, Patna, Begusarai, Khagaria, Bhagalpur, and Katihar before ending in Pandua, West Bengal. This stretch will connect remote districts like Khagaria and Katihar in the Seemanchal region with Patna and other important urban centers, ensuring people in underdeveloped areas have better access to jobs, markets, healthcare, and services. It will help drive inclusive growth by linking marginalized communities with the state’s economic hubs. Project Highlights: 5 Major Bridges, 6 Minor Bridges, 4 Railway Crossings/ROBs, 2 Toll Plazas, 4 Truck Lay Bays. Connectivity Benefits: (a) Direct link to the Patna–Purnia Expressway (via NH-27).(b) Easy access to Khagaria, Bhagalpur, Katihar, and Purnia railway stations. (c) Better link to Purnia Airport (via NH-231 and NH-27). Once completed, the highway will provide faster, safer travel, reduce travel time, and improve the movement of goods and passengers. It is expected to become a key driver for regional trade, agriculture, tourism, and overall development in the Seemanchal region.

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