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    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
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    August 1, 2026
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    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
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    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
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    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.

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      'Economic assault' on Kashmir: J-K leaders flag losses due to closure of Srinagar-Jammu highway

      September 16, 2025

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      Srinagar, Sep 16 (PTI) Leaders of various parties, including the ruling NC, on Wednesday flayed the closure of the Srinagar-Jammu National Highway during the peak fruit season, saying it was a "deliberate ploy" to harm Jammu and Kashmir's economy and demanded immediate movement of fruit-laden trucks towards the markets across the country.

      Fruit-laden trucks from Kashmir have been stranded for days due to the closure of the crucial highway following heavy rains and flash floods, with growers expressing apprehensions of losses.

      The 270 km-long Jammu-Srinagar National Highway (NH44) was closed for nine consecutive days following heavy rainfall last month. It was reopened last week, but only for light motor vehicles.

      Speaking with reporters in Shopian, ruling National Conference Lok Sabha MP Ruhullah Mehdi alleged, "There is a pattern, sometimes substandard pesticide is sold, sometimes cheaper apples are imported, and sometimes highway is closed. Our horticulture contributes more than 75 per cent to our GDP. It contributes seven times more than tourism. But, there is a pattern of a war against our horticulture".

      The Lok Sabha MP from Srinagar said even when the highway has been opened for traffic, "the stranded trucks from Srinagar have not been allowed to move to Jammu".

      "If trucks from Jammu are allowed to move towards Srinagar, why are our fruit-laden trucks not allowed to move? Before this, a year or so ago, our fruit-laden trucks were stopped on the highway deliberately, and the fruit was left to rot. There is a clear pattern of an attack on our economy. The closure of the highway is a part of that," he charged, adding, "it is being done deliberately".

      PDP leader Iltija Mufti called on Jammu and Kashmir Lieutenant Governor Manoj Sinha and apprised him of the "crisis" being faced by the Union Territory's apple industry owing to the closure of the national highway over the past few weeks.

      She said Sinha has assured her that smooth movement of trucks on the highway would be expedited to avoid further losses.

      Awami Itihaad Party (AIP) said the"blockade" of the highway was "nothing short of an economic assault" on Kashmir, and demanded immediate movement of fruit-laden trucks towards the markets across the country.

      The AIP staged a protest at the Press Colony here, demanding immediate clearance of fruit-laden trucks stranded on the highway.

      Scores of AIP activists, led by party's MLA from Langate, Sheikh Khursheed, raised slogans of "Save Apple, Save Kashmir" and accused the administration of "deliberately choking" the Valley's horticulture economy.

      Speaking to reporters, Khursheed said the blockade was "nothing short of an economic assault" on Kashmir.

      "Lakhs of families depend on horticulture for survival. By keeping apple consignments stranded for days, the administration is silently crushing Kashmir's economy. Empty promises won't save our growers, only immediate action will," he said.

      The protestors were later dispersed by police, which also detained several leaders and activists of the party, including the MLA Langate.

      Senior CPI(M) leader and MLA Kulgam M Y Tarigami said the "prolonged closure" of the highway has hit the fruit growers in the valley hard, and urged the Centre to take urgent steps to facilitate the apple trucks to reach the markets across the country.

      "The prolonged closure of the highway has hit hard farmers and fruit growers. Despite tall claims and repeated assurances by the national highway authorities, the situation on the highway remains uncertain during this season when it is crucial for apple produce to reach the markets in the rest of the country," Tarigami said addressing a press conference here.

      He said the Centre should take urgent steps to facilitate the apple trucks to reach the market.

      The MLA Kulgam said the recent floods have caused heavy losses to human lives, properties, and standing crops in Jammu and Kashmir.

      "Due to intermittent rains, leaves and apple have been falling prematurely from trees, bringing huge losses to growers. Sher-i-Kashmir University of Agricultural Sciences and Technology (SKUAST) should have has guided and offered timely advice to farmers about preventive measures," he said.

      Tarigami said the recommendations of the Dr Swaminathan Commission on distressed agriculture remain mostly un-implemented. J-K, Himachal Pradesh, and Uttarakhand have been hit hard, yet apple has not been brought under the recommendations for the Minimum Support Price (MSP).

      "Despite big claims by authorities regarding Pradhan Mantri Fasal Bima Yojna (PMFBY), the main crop of the farmers i.e. apple production has not been covered under this scheme. These are crops with almost no significant losses, while apple, the most vulnerable crop, is excluded.

      "Insurance companies and the Agriculture Insurance Company, have reportedly earned hundreds of crores of premium since 2016 but remain reluctant to insure apple crop," he said.

      The CPI(M) leader said there is an urgent need to reintroduce the Market Intervention Scheme (MIS) so that rotten apples can be procured and used for juice and jam manufacturing.

      If the Centre does not support this, the UT administration must bring the scheme under the CAPEX Budget to compensate growers, he added.

      The MLA Kulgam said there is an acute shortage of cold storage facilities in the valley despite big announcements regarding availability of government land which could have been used for the purpose.

      "The government cannot remain indifferent. Protecting horticulture means protecting the livelihood of farmers which remains the backbone of Kashmir's economy," he said.

      He said the Centre should announce sufficient relief to help the floods victims and apple growers and traders who have suffered huge losses because of inclement weather, floods and the blockade of the highway. PTI SSB DV DV

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