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    Union Minister of Commerce & Industry Shri Piyush Goyal leaves for Singapore for 4th India-Singapore Ministerial Roundtable and 4th India-Singapore Bu...
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    Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
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August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
August 19, 2026
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Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
August 19, 2026
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Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
August 19, 2026
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India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
August 19, 2026
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Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
August 19, 2026
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Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
August 18, 2026
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Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
August 18, 2026
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Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.
August 18, 2026
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Youth-focused banking requires public sector banks to deliver personalised digital services, financial awareness, and responsible credit engagement.
Public sector banks are urged to implement sustained youth-focused banking through campus outreach, simple personalised round-the-clock services, dedicated youth support and financial awareness. Engagement should develop long-term relationships beyond account opening while preserving prudential standards. Youth should receive guidance on the formal credit ecosystem, including credit scores, credit history, bank credit products and government credit schemes, to support responsible credit discipline and future financial needs. A dedicated portal may provide a single access point for banking awareness and suitable financial opportunities.
August 18, 2026
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Taxpayer service improvement and litigation reduction guide administrative planning for stronger infrastructure, systems, coordination and future tax department functioning.
Improvement of taxpayer services, reduction of tax litigation, infrastructure strengthening and preparation of an actionable roadmap for future Income Tax Department functioning were considered as operational priorities. Deliberations covered e-HRMS, service matters, reservation policy, systems administration, capacity building, expenditure budgeting, TDS administration, inter-agency coordination, and office infrastructure. Officials identified institutional challenges and priorities for strengthening taxpayer-facing and internal departmental functions.
August 18, 2026
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Duty-free UK market access strengthens export opportunities for Indian goods and services, supporting MSMEs, agriculture, manufacturing and global value-chain participation.
India-UK Comprehensive Economic and Trade Agreement provides duty-free access to the UK market for nearly all Indian exports and may improve the competitiveness of Haryana's manufacturing, agricultural, MSME and services sectors. Preferential access covers products including textiles, engineering goods, auto parts, processed foods and pharmaceuticals, while agricultural exports remain subject to exceptions for sensitive products. The agreement also provides market access across 137 UK services sub-sectors, supporting IT, digital, professional, financial and technical services and facilitating global value-chain participation.
August 18, 2026
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Youth banking outreach promotes campus engagement, financial awareness, responsible credit discipline and long-term access to formal banking services.
Public sector banks are urged to conduct a month-long "Banking for Youth" outreach campaign from 2 October 2026 for persons above 16 years of age. Outreach through educational and skill-development campuses should combine account opening, financial awareness and direct engagement. Banks should develop tailored youth strategies to build long-term banking relationships. Proposed measures include online learning content, lifestyle-linked benefits, dedicated youth banking support, and awareness of credit scores, credit products and government credit schemes. A dedicated youth banking-awareness portal may serve as a single access point for appropriate banking services and financial opportunities.
August 18, 2026
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Competition approval for Prudential's acquisition of equity shareholding in an Indian life insurer supports the proposed insurance-sector combination.
Competition approval has been granted for Prudential Corporation Holdings Limited to acquire certain equity shareholding in Bharti Life Insurance Company Limited. The acquirer is the holding company for its group's insurance and asset-management operations in Asia and supports operations in Asia and Africa. The target is an IRDAI-licensed Indian life insurer.
August 18, 2026
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Foreign remittance certification due diligence faces nationwide verification targeting shell entities, their controllers, and certifying professionals.
Nationwide verification of suspicious outward foreign remittances targets entities with little or no reported business activity, their controllers, and professionals issuing tax determination certificates. Scrutiny concerns remittances disproportionate to reported turnover, inconsistent with stated purposes, or linked to entities not operating from declared addresses. Form 15CB, or Form 146 under the corresponding framework, requires certifying accountants to assess taxability from books of account and relevant records, supporting tax deduction at source and treaty compliance through due care, diligence and professional judgment.

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Customs & Trade

CropLife India Maps $1 Trillion Agri Economy Vision

September 29, 2025

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Union Minister, policymakers, academia and industry chart roadmap for crop protection’s role in achieving Viksit Bharat 2047 vision” during the National Conference 2025 New Delhi, Delhi, India (NewsVoir) CropLife India; the association of leading domestic and multinational R&D driven crop science companies; on its 45th AGM organized a National Conference. The conference witnessed the presence of Shri Shivraj Singh Chouhan, Hon’ble Union Minister of Agriculture & Farmers Welfare, Government of India; senior Government officials, experts, academia and industry leaders. Multinational R&D driven crop science companies; on its 45th AGM organized a National Conference. The conference witnessed the presence of Shri Shivraj Singh Chouhan, Hon’ble Union Minister of Agriculture & Farmers Welfare, Government of India; senior Government officials, experts, academia and industry leaders. National Conference 2025 opened with the Inaugural Session, setting the vision for Viksit Bharat 2047. This was followed by “The Regulatory Challenges and Opportunities in the Indian Context”, where regulators, policymakers and industry leaders decode India’s framework; Panel Discussion – “Empowering Farmers, Navigating Compliances & Global Standards: A State-wise View of the Agri-input (Crop Protection & Bio-stimulants) Industry & Export”, highlighting state-level complexities and how policy, compliance and innovation can empower farmers and boost exports and the CEO’s Panel – “Pesticides in the Spotlight: Villain, Hero or Scapegoat?”, featuring a candid debate on the future of crop protection. During his inaugural address Shri Shivraj Singh Chouhan, Hon’ble Union Minister of Agriculture & Farmers Welfare, Government of India, shared that, “For me, the farmer is the soul of our nation and serving them is a gift from God. From the days of food scarcity and dependence on imports, India has today become self-reliant and an emerging exporter—with agriculture growing by 10% in recent months. Yet, with our population set to reach 170 crore by 2050, ensuring food and nutritional security is our foremost duty. Nearly half our people depend on farming, most with less than two acres of land and our policies must reflect this reality. To achieve a $5 trillion economy, we must increase productivity per hectare, embrace new technologies and translate research into solutions for farmers’ real problems. Agriculture is not just an industry—it is a national responsibility. Together, the Government, scientists and industry must ensure prosperity for farmers, sustainability for our land and nourishment for humanity." Dr. Trilochan Mohapatra, Chairperson, PPV&FRA, Ministry of Agriculture & Farmers’ Welfare, Government of India said, "India’s agrochemical sector has been key to our food security and growth—from 65 million tons of food grains to nearly 350 million today. As the industry grows at 9–11% CAGR, we must balance productivity with sustainability through responsible use, strong regulation, and science-led innovation, ensuring the protection of farmers, consumers and the environment." Dr. P. K. Singh, Agriculture Commissioner, Government of India highlighted "India’s agri-input ecosystem is rapidly evolving, and digitalization will be key to its future—from AI-enabled regulatory processes to harmonized Centre–State laws. Responsible pesticide use and promotion of bio-pesticides are vital; farmers should spray only when necessary. By aligning regulation, innovation and good practices, we can empower farmers, safeguard food security and strengthen India’s global competitiveness." Dr. Vandana Tripathy, Network Coordinator (AINP) & Scheme In-charge (MPRNL), ICAR highlighted, "There is a critical need for harmonized pesticide residue data generation across diverse locations. Only by collecting comprehensive and sensitive health-related data — including pregnancy outcomes — from multiple regions can we ensure reliability and build science-based systems that safeguard public health.” Dr. Poonam Jasrotia, ADG (PP), ICAR shared, "Protecting our traditional fairs and agricultural practices with clear safeguards, while fostering global collaboration, is vital. Partnerships with countries like the US and Japan offer immense opportunities, even as we address critical gaps in regions such as Libya.” Dr. Subhash Chand, Secretary CIB&RC said, "The key challenge in the import-for-export framework is balancing Ease of Doing Business with regulatory safeguards. While flexibility for genuine exporters is important, registration certificates and confirmed international orders are essential to prevent misuse. Where companies provide credible documentation, we are open to supportive, positive solutions." Shri T. M. Tripathi, Joint Director, Department of Agriculture, Uttar Pradesh said, "There is no blanket ban on crop protection products—only crop-specific restrictions like in Basmati, where farmer training is crucial. The bigger challenge is retailer incentives: they must guide farmers toward correct, judicious use. By improving training, standardizing drone applications, and ensuring pricing transparency, we can create a fairer, more balanced ecosystem that empowers farmers and strengthens the agri-input industry." The CEO’s Panel – "Pesticides in the Spotlight: Villain, Hero or Scapegoat?" moderated by Mr Prabhu Chawla focussed on India being the world’s 2nd largest exporter and 4th largest manufacturer of crop protection products facing challenges of perception and the image building. Panellists emphasized that pesticides are medicine for plants—safe, responsible and scientific use is essential to prevent crop losses and ensure food security. With farmer training, innovation and clear communication, India can set a global benchmark in sustainable crop protection. Mr. Susheel Kumar, MD, Syngenta India said, "Crop protection is medicine for plants—without it, farmers face heavy losses. India can lead globally with integrated, sustainable solutions." Mr. Ankur Aggarwal, Managing Director, Crystal Crop Protection shared, "India uses just 400 g/ha of pesticides against the global 8,000 g/ha—our challenge is not overuse, but misuse and misperception." Mr. Sahin Ozkan, MD, Adama India reinforced, "Farmer training is the cornerstone of safe crop protection and India is fast emerging as a global agrochemical hub alongside China." Mr. Subroto Geed, MD, Corteva Agriscience India emphasised, "Farmers need end-to-end solutions—biologicals, proven chemistries and clear communication in their own language to build trust." Mr. Simon Wiebusch, CEO & MD, Bayer CropScience shared, "Pesticides are a necessity, not a luxury—farmers use them only when the benefits outweigh the costs, ensuring food security for billions." Mr. Ankur Aggarwal, Chairman, CropLife India said, “India is today the fourth-largest producer and the second-largest exporter of agrochemicals, with CropLife India members contributing over 70% of the industry’s business and providing 95% of the world’s molecules and chemistries. Our exports, worth nearly Rs. 40,000 crores, reflect the strength and global relevance of Indian agriculture. Yet, we continue to lose crops worth Rs. 2 lakh crores annually to pests and diseases—even though India’s pesticide use is just 400 grams per hectare compared to the global average of 8,000 grams. This proves that Indian farmers are efficient, not excessive. With responsible stewardship, we can cut crop losses, raise farmer incomes and help India move towards its $1 trillion agricultural economy goal. Our industry stands committed—to responsible innovation, natural farming support, integrated pest management and research-driven solutions. With government partnership and sustained investment in science, we can empower farmers, feed our 150 crore people and make in India for India and the world.” About CropLife India CropLife India is committed to advancing sustainable agriculture and it is an association of 17 R&D driven member companies in crop protection. We jointly represent ~ 70% of the market and are responsible for 95% of the molecules introduced in the country. Our member companies have annual global R & D spend of 6 billion USD and are firmly committed to engaging with the farming community to enable Safe, Secure Food Supply. Our member companies were established in India as far back as the 1950s; we continue to work hand-in-hand with the Government to build the agriculture sector – from direct investment of building factories, jobs creation, bringing in agriculture innovation and working endlessly over the years with multi-stakeholders to enhance agriculture productivity. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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