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    MP industrial corporation, Amazon ink pact to accelerate e-commerce exports
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    July 17, 2026
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    E-commerce export promotion supports Madhya Pradesh businesses through global marketplace access, exporter readiness, and a cross-border export roadmap.
    A memorandum of understanding supports Madhya Pradesh businesses, including MSMEs, entrepreneurs, direct-to-consumer brands, manufacturers, weavers, artisans and producers, in accessing international customers through the Amazon Global Selling programme. The collaboration will improve e-commerce export awareness, exporter readiness and knowledge sharing, while developing a state export roadmap with policy and infrastructure recommendations. It will also identify interventions relating to logistics, access to finance, payment reconciliation and regulatory enablers for cross-border exports.
    July 17, 2026
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    Russian oil purchase tariffs and tighter visa oversight reshape trade exposure and immigration compliance for foreign nationals.
    Proposed trade tariffs on purchases of Russian oil would target specified countries, including India and China, while exempting European purchasers of Russian gas. Separately, tighter United States visa regulations for international students, exchange visitors and journalists would end a long-standing arrangement allowing indefinite residence without government oversight. The reported changes may materially affect foreign nationals, including Indian nationals, through differentiated trade treatment and enhanced immigration compliance requirements.
    July 17, 2026
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    Clean slate doctrine extinguishes uncrystallised operational claims and pending proceedings once an approved insolvency resolution plan becomes binding.
    The clean slate doctrine under the Insolvency and Bankruptcy Code is described as abating or extinguishing pending civil suits and arbitration involving pre-insolvency operational claims that had not crystallised into determinable and quantifiable amounts before resolution-plan approval. Claims must be submitted to and determined by the resolution professional, and only crystallised claims incorporated in the approved plan remain payable under its prescribed treatment. Once final, the creditor list and approved plan bind all stakeholders.
    July 17, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold, Special Drawing Rights and IMF reserve position increased.
    Foreign exchange reserves increased during the reporting week, principally because foreign currency assets rose. Reserve components include foreign currency assets, gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund. Foreign currency assets, expressed in dollar terms, reflect valuation effects arising from movements in non-US currencies held in the reserves. Gold reserves, Special Drawing Rights and the reserve position with the International Monetary Fund also increased.
    July 17, 2026
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    Rupee exchange-rate movement stabilised after possible central bank intervention, while oil prices and foreign fund flows sustained pressure.
    The rupee strengthened against the US dollar following four declining sessions, reportedly amid possible Reserve Bank of India intervention. Elevated West Asia tensions, higher crude-oil prices and cautious foreign fund flows continued to weigh on the currency, despite consolidation in the absence of major domestic triggers. Market participants were expected to monitor global developments, crude-oil movements and foreign institutional investor activity for the next directional move.
    July 17, 2026
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    Revised Index of Core Industries adopts a new base year, adds Iron Ore, and aligns production measurement methodology.
    The revised Index of Core Industries adopts 2022-23 as its base year and replaces the 2011-12 series. Its weights are derived from the 2022-23 Index of Industrial Production and redistributed pro rata to total 100. Iron Ore is added as a core industry, expanding the basket to nine industries. The Steel Index will use gross production data for consistency with the Index of Industrial Production. In the Coal sector, only Raw Coal is retained; Coal Middlings and Washed Coal are excluded to prevent double counting.
    July 17, 2026
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    Sustainability reporting discipline requires credible disclosures, board-level integration, data assurance and proportionate ESG implementation across business value chains.
    ESG-led responsible business conduct requires sustainability disclosures that are relevant, comparable, evidence-based and verifiable, supported by reliable systems, internal controls, documentation, traceability and independent examination. Sustainability should be integrated into board-level decision-making, fiduciary responsibilities, risk management and long-term enterprise value. Stronger governance, accountability and data-assurance frameworks are needed to address greenwashing, with proportionate reporting, technology and capacity-building supporting implementation across value chains and MSMEs.
    July 17, 2026
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    Promoter shareholding increase through market purchases remains within creeping acquisition limits and signals confidence in long-term growth prospects.
    Promoter and promoter-group shareholding in Reliance Industries Ltd increased by nearly 0.5 percentage points through market purchases during the June quarter. The purchases were reported to be within SEBI creeping acquisition limits, allowing gradual promoter acquisitions without triggering a mandatory open offer where prescribed thresholds are met. The increase may strengthen promoter control and marginally reduce public float, and was characterised as reflecting confidence in long-term growth, earnings trajectory and capital-allocation plans.
    July 17, 2026
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    Tariffs on Russian oil purchasers would target sanctions evasion, with reassessment mechanisms and limited energy-sector exemptions proposed.
    Proposed United States Senate legislation would impose mandatory tariffs on imports from leading purchasers of Russian oil or gas and leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustments, while exempting qualifying countries reducing Russian gas imports. Russian uranium purchases for specified nuclear and medical needs, and certain nuclear and space cooperation activities, would be excluded.
    July 17, 2026
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    Foreign currency non-resident deposits enable overseas Indians to invest foreign earnings while supporting India's foreign-exchange reserves.
    Foreign Currency Non-Resident deposits allow Non-Resident Indians and Persons of Indian Origin to maintain overseas earnings as foreign-currency fixed deposits with Indian banks without conversion into Indian rupees. Banks may offer enhanced interest rates for a limited period under an initiative intended to strengthen foreign-exchange reserves and support the rupee. The framework covers the investment process, regulatory requirements, taxation aspects and advantages for eligible overseas investors.
    July 17, 2026
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    GST compliance management integrates reconciliation, input tax credit support, invoicing and statutory monitoring within an AI-powered enterprise platform.
    The unified cloud platform combines accounting, manufacturing, inventory, procurement, human resources, payroll, compliance, reporting and document management with an embedded AI agent. Its compliance functions include GST validation, purchase-register reconciliation with GSTR-2B, input tax credit support, supplier filing-gap detection, e-invoicing, e-way bills, TDS and statutory due-date tracking. Financial and operational workflows are intended to use common real-time data, with automation for invoices, journal entries, reconciliations, reporting, workflow approvals and compliance-risk monitoring.
    July 17, 2026
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    Institutional trade cooperation expands through industry MoUs, supporting investment, innovation and technology partnerships across strategic economic sectors.
    Bilateral trade and investment cooperation was advanced through ministerial discussions and industry engagements concerning financial markets, innovation, enterprise financing and commercial relations. Two institutional Memoranda of Understanding established mechanisms for industry collaboration and greater business engagement. Sector-specific interactions covered digital and frontier technologies, space, clean energy, bioeconomy, circular economy, infrastructure and advanced manufacturing, focusing on collaboration, investment and technology partnerships.
    July 17, 2026
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    Codex spice standards harmonise quality benchmarks for cardamom, coriander and vanilla, supporting trade consistency, market access and export competitiveness.
    Codex standards for large cardamom, coriander and vanilla establish harmonised international quality benchmarks following review by relevant committees on analytical methods, food additives and food labelling. The standards are intended to promote consistent quality requirements, facilitate trade, improve market access and support export competitiveness. India was also accepted as Co-Chair of an Electronic Working Group developing policy guidance on risk analysis for new food products.
    July 17, 2026
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    Export readiness for MSMEs strengthens global market access through trade intelligence, standards compliance, preferential origin rules and trade remedy awareness.
    Export readiness for Indian MSMEs is supported through practical guidance on identifying export opportunities, market-access requirements, trade intelligence tools, international standards, sustainability requirements and buyer identification. International expansion strategies include using preferential Rules of Origin and cooperation mechanisms under Free Trade Agreements, selecting export destinations, product positioning, diversification and value addition. Trade remedy awareness and guidance on unfair trade practices and import surges, together with institutional support, partnerships and trade-exhibition participation, can strengthen global competitiveness and integration into global value chains.
    July 16, 2026
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    Reciprocal tariff measures and multilateral dispute settlement are pursued in response to contested import duties.
    Reciprocal tariff measures are proposed in response to a new tariff on specified Brazilian imports allegedly involving unfair trade practices. Brazil rejects those allegations and proposes to use its reciprocity-law mechanisms, including reciprocal tariffs and other trade-related countermeasures, while pursuing multilateral dispute settlement. It maintains that trade investigations must conform to multilateral international-trade rules and notes that the tariff may burden exports and increase commercial uncertainty.
    July 16, 2026
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    Section 301 tariff authority offers a procedurally constrained route to replace temporary global import tariffs after emergency powers failed.
    Import-tariff authority is shifting from emergency-based measures to temporary and investigatory powers under the Trade Act of 1974. Section 122 supports a global tariff measure only for a limited period, whereas Section 301 permits tariffs or trade sanctions for unjustifiable, unreasonable, or discriminatory foreign trade practices after required public-comment and hearing procedures. Current Section 301 investigations concern forced-labour imports and alleged overproduction by trading partners. A more rule-bound tariff framework may reduce, but not eliminate, commercial uncertainty, and broad use of Section 301 for near-universal tariffs may face legal challenge.
    July 16, 2026
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    International food-safety and phytosanitary compliance supports premium cherry and plum exports from Jammu and Kashmir to Singapore.
    Export of premium cherries and plums from Jammu and Kashmir to Singapore was facilitated to expand overseas market access for temperate fruits. The produce underwent scientific cultivation, optimum-maturity harvesting, grading, sorting, packing and cold-chain handling in compliance with international food-safety and phytosanitary standards. The initiative highlights quality enhancement, market development, logistics, export-oriented production and improved post-harvest management for horticultural exports.
    July 16, 2026
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    Electricity bill recovery and prepaid departmental billing are presented alongside independent tariff regulation and rooftop solar promotion.
    Electricity-payment arrears were reported against government departments and non-government consumers. Tariffs are determined independently by the State Electricity Regulatory Commission on factors including power-purchase costs, regulatory assets, the distribution company's financial position and public hearings. Recovery from non-government consumers is undertaken under the Electricity Supply Code, while a pre-paid billing system is being implemented for government departments to improve payment compliance. Rooftop solar installations are also being promoted to reduce household electricity bills.
    July 16, 2026
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    Rupee depreciation pressures intensify as elevated crude prices, foreign capital outflows and geopolitical tensions weigh on exchange markets.
    The rupee weakened for a fourth consecutive session amid elevated crude oil prices, a stronger dollar index and foreign capital outflows, with rising oil import costs adding to balance-of-payments pressures. Reserve Bank of India data showed an overall balance-of-payments deficit during the first two months of the fiscal year, although the current account recorded a surplus for April-May 2026. Geopolitical tensions and Strait of Hormuz risks were cited as supporting high crude prices, while possible Reserve Bank intervention could support the rupee.
    July 16, 2026
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    Zero-duty India-UK trade under CETA begins with jewellery and coffee consignments, supported by exporter compliance guidance.
    India-UK CETA introduced a low- or zero-tariff regime covering about 99 per cent of tariff lines for Indian exports to the United Kingdom. Initial zero-duty jewellery and coffee consignments reached the UK under the agreement. CETA is intended to improve market competitiveness, strengthen supply chains and support businesses, exporters, importers and investors. A dedicated facilitation forum and a guide to UK import standards and regulatory requirements support Indian exporters, particularly small and medium enterprises, in navigating the post-CETA trading regime.

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      Northeast suffered heavily due to 'vote bank' politics, now nation's growth engine: PM

      September 13, 2025

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      Aizawl, Sep 13 (PTI) Prime Minister Narendra Modi on Saturday said that the northeastern region earlier suffered heavily due to 'vote bank' politics, but has now transformed into country's growth engine due to efforts of the BJP-led government at the Centre.

      During his second visit to Mizoram after becoming the Prime Minister in 2014, Modi launched projects worth Rs 9,000 crore, and addressed a public rally virtually from Lengpui Airport near Aizawl as he could not reach the venue, Lammual Ground in the heart of the city, due to heavy rain.

      Modi also flagged off the maiden Rajdhani Express between Aizawl and Delhi and other strategic projects to augment rail, highways, energy and sports infrastructure.

      "Northeast suffered heavily due to vote bank politics practiced by some political parties. Our approach is different – those neglected before are at the forefront now, those marginalised earlier are in the mainstream at present. Mizoram has now emerged as a key driver of the nation's growth as the Centre has been working for the region's development for the last 11 years," the PM said.

      He said Mizoram plays a major role in the Centre's 'Act East' policy and the Kaladan multimodal transit project and railway lines will connect the state with Southeast Asia.

      Unveiling the Rs 8,070-crore Bairabi-Sairang line, which integrated landlocked Mizoram fully with the country's railway network, the PM said it was a historic day for the state as 51.38-km-long stretch would connect the state capital Aizawl with major metropolises.

      He said the project, which was implemented by overcoming various challenges and difficult terrains, would revolutionise people's lives in the state and become a lifeline for transportation.

      The PM also flagged off three new express trains connecting Aizawl with Delhi, Guwahati, Kolkata.

      "Enhanced connectivity will strengthen educational, cultural and economic ties across Northeast, and create jobs and boost tourism," he said.

      Modi said people of Mizoram have contributed greatly to India, whether in the freedom movement or nation building.

      "The Centre has worked towards ensuring all-round connectivity in the Northeast – be it internet, power, infrastructure or through air. Now, we will introduce helicopter services here to augment rural connectivity," he said.

      He said that the National Sports Policy would open doors of opportunities for players of Mizoram, which has produced many sportspersons.

      "India is becoming an important global hub for sports, and Mizoram has a wonderful tradition in sports," the PM added.

      The PM said that the Northeast is becoming a major hub for entrepreneurship, with 4,500 startups and 25 incubators operating in the region.

      The government's focus is also on augmenting education infrastructure and work has started to empower them through six more Eklavya schools in Mizoram in addition to the existing 11, Modi said.

      "I urge investors to tap the region's potential at the 'Rising North East' summit... Under the 'local for vocal' initiative, efforts are on to boost the marketing of Mizoram's bamboo, organic ginger, turmeric and banana," he said.

      On the new GST rates, he said the reforms have lowered taxes on many products, which will make life easier for the masses.

      The reforms would make medicines for diseases like cancer cheaper and prices of vehicles are also seeing a reduction, Modi said.

      "Before 2014, essentials such as toothpaste, soap and oil were taxed at 27 per cent; today only 5 per cent GST is applicable. After September 22, cement and construction material will also become cheaper," he said.

      During the Congress rule, medicines and insurance policies were heavily taxed and healthcare was expensive, but today these have become affordable, he said.

      The PM said India's economy grew by 7.8 per cent in the first quarter of the 2025-26 financial year, which is the fastest among major global economies.

      On Operation Sindoor, he said the country's soldiers "taught a lesson to those sponsoring terror", and 'Made in India' weapons played a major role in it.

      Governor V K Singh, Chief Minister Lalduhoma and Union Railways Minister Ashwini Vaishnaw were present at Lammual Ground.

      Modi also laid the foundation stone of multiple road projects including Aizawl Bypass Road, Thenzawl-Sialsuk Road and Khankawn-Rongura Road.

      The 45-km Aizawl Bypass Road, worth over Rs 500 crore, aims to decongest Aizawl, improve connectivity to Lunglei, Siaha, Lawngtlai, Lengpui Airport, and Sairang railway station, among others. It will reduce the travel time from southern districts to Aizawl by around one-and-a-half hours.

      The Thenzawl-Sialsuk Road will strengthen connectivity with the Aizawl-Thenzawl-Lunglei Highway, an official statement said, adding the Khankawn-Rongura Road will provide horticulture farmers better access to markets.

      The PM also laid the foundation stone of Chhimtuipui River Bridge, which will support cross-border commerce under the Kaladan multimodal transit framework.

      He also laid the foundation stone of a 30 TMTPA (thousand metric tons per annum) LPG bottling plant at Mualkhang in Aizawl.

      He inaugurated a residential school at Kawrthah in Mamit district, which will benefit over 10,000 children, it said.

      Modi had last visited Mizoram in December 2017 during which he commissioned the 60-megawatt Tuirial hydroelectric project near Saipum village in Kolasib district. PTI CORR NAM ACD

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